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Social and Behavioral Sciences Commons™
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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
Comparative Approaches To Studying Strategy: Towards An Evolutionary Account Of Primate Decision Making, Sarah F. Brosnan, Michael J. Beran, Audrey E. Parrish, Sara A. Price, Bart J. Wilson
Comparative Approaches To Studying Strategy: Towards An Evolutionary Account Of Primate Decision Making, Sarah F. Brosnan, Michael J. Beran, Audrey E. Parrish, Sara A. Price, Bart J. Wilson
Economics Faculty Articles and Research
How do primates, humans included, deal with novel problems that arise in interactions with other group members? Despite much research regarding how animals and humans solve social problems, few studies have utilized comparable procedures, outcomes, or measures across different species. Thus, it is difficult to piece together the evolution of decision making, including the roots from which human economic decision making emerged. Recently, a comparative body of decision making research has emerged, relying largely on the methodology of experimental economics in order to address these questions in a cross-species fashion. Experimental economics is an ideal method of inquiry for this …
Risk And Reward - Is It All In Our Heads? A Short History Of Neuroeconomics, Renato Martins Alas, Kuldeep Kumar, M Nabin, Sukanto Bhattacharya
Risk And Reward - Is It All In Our Heads? A Short History Of Neuroeconomics, Renato Martins Alas, Kuldeep Kumar, M Nabin, Sukanto Bhattacharya
Kuldeep Kumar
This is a mini review on the recent developments in the intriguing field of neuroeconomics that falls within the overlap between a number of contributing disciplines in the social and natural science – economics, psychology, neuroscience and medical imaging being the major ones. We start by providing a brief background of neoclassical approaches to studying decision-making and work our way through the development of the field with increasing inputs from the behavioural sciences till the current point when the extra-economic inputs to the study of economic decision-making are no longer coming only from the cognitive psychologists but also from the …
The Uruguayan Tax Reform Of 2006: Why Didn't It Fail?, Andres Rius
The Uruguayan Tax Reform Of 2006: Why Didn't It Fail?, Andres Rius
Andres Rius
No abstract provided.
Carrots, Sticks, And Salience, Brian Galle
Carrots, Sticks, And Salience, Brian Galle
Georgetown Law Faculty Publications and Other Works
This Article considers the second-best design of Pigouvian taxes and subsidies in the presence of agents who are imperfectly aware of the instrument. Until very recently, the price instrument literature has assumed perfect rationality, and even the handful of prior attempts to account for “hidden” prices focus mainly on the income tax. I extend these efforts in several directions. First, I show that the best available instrument for correcting negative externalities is often one whose price is partially adjusted upwards -- or, in the case of subsidies, downwards -- to counter-act the neglect of irrational actors. In addition, I argue …
Can We Build Behavioral Game Theory?, Gale M. Lucas, Mathew D. Mccubbins, Mark Turner
Can We Build Behavioral Game Theory?, Gale M. Lucas, Mathew D. Mccubbins, Mark Turner
Faculty Scholarship
The way economists and other social scientists model how people make interdependent decisions is through the theory of games. Psychologists and behavioral economists, however, have established many deviations from the predictions of game theory. In response to these findings, a broad movement has arisen to salvage the core of game theory. Extant models of interdependent decision-making try to improve their explanatory domain by adding some corrective terms or limits. We will make the argument that this approach is misguided. For this approach to work, the deviations would have to be consistent. Drawing in part on our experimental results, we will …
Against Endowment Theory: Experimental Economics And Legal Scholarship, Greg Klass, Kathryn Zeiler
Against Endowment Theory: Experimental Economics And Legal Scholarship, Greg Klass, Kathryn Zeiler
Faculty Scholarship
Endowment theory holds the mere ownership of a thing causes people to assign greater value to it than they otherwise would. The theory entered legal scholarship in the early 1990s and quickly eclipsed other accounts of how ownership affects valuation. Today, appeals to a generic “endowment effect” can be found throughout the legal literature. More recent experimental results, however, suggest that the empirical evidence for endowment theory is weak at best. When the procedures used in laboratory experiments are altered to rule out alternative explanations, the “endowment effect” disappears. This and other recent evidence suggest that mere ownership does not …