Salience
We review the fast-growing work on salience and economic behavior. Psychological
research shows that salient stimuli attract human attention bottom up due to their high …
research shows that salient stimuli attract human attention bottom up due to their high …
Narratives in economics
There is growing awareness within the economics profession of the important role narratives
play in the economy. Even though empirical approaches that try to quantify economic …
play in the economy. Even though empirical approaches that try to quantify economic …
Narratives about the Macroeconomy
We provide evidence on narratives about the macroeconomy—the stories people tell to
explain macroeconomic phenomena—in the context of a historic surge in inflation. We …
explain macroeconomic phenomena—in the context of a historic surge in inflation. We …
Memory and probability
In many economic decisions, people estimate probabilities, such as the likelihood that a risk
materializes or that a job applicant will be a productive employee, by retrieving experiences …
materializes or that a job applicant will be a productive employee, by retrieving experiences …
A model of competing narratives
K Eliaz, R Spiegler - American Economic Review, 2020 - aeaweb.org
We formalize the argument that political disagreements can be traced to a “clash of
narratives.” Drawing on the “Bayesian Networks” literature, we represent a narrative by a …
narratives.” Drawing on the “Bayesian Networks” literature, we represent a narrative by a …
On the complexity of forming mental models
We experimentally study how people form predictive models of simple data generating
processes (DGPs), by showing subjects data sets and asking them to predict future outputs …
processes (DGPs), by showing subjects data sets and asking them to predict future outputs …
Ideas have consequences: The impact of law and economics on american justice
This paper provides a quantitative analysis of the effects of the early law-and-economics
movement on the US judiciary. We focus on the Manne Economics Institute for Federal …
movement on the US judiciary. We focus on the Manne Economics Institute for Federal …
A theory of simplicity in games and mechanism design
We study extensive‐form games and mechanisms allowing agents that plan for only a
subset of future decisions they may be called to make (the planning horizon). Agents may …
subset of future decisions they may be called to make (the planning horizon). Agents may …
[图书][B] Channeled attention and stable errors
T Gagnon-Bartsch, M Rabin, J Schwartzstein - 2018 - hbs.edu
We develop a framework for assessing when somebody will eventually notice that she has a
misspecified model of the world, premised on the idea that she neglects information that she …
misspecified model of the world, premised on the idea that she neglects information that she …