Decision Fatigue and Heuristic Analyst Forecasts -- by David Hirshleifer,...
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects...
View ArticleUsing Online Prices for Measuring Real Consumption Across Countries -- by...
We show that online prices can be used to construct quarterly purchasing power parities (PPPs) with a closely-matched set of goods and identical methodologies in a variety of developed and developing...
View ArticleAncient Origins of the Global Variation in Economic Preferences -- by Anke...
Variation in economic preferences is systematically related to both individual and aggregate economic outcomes, yet little is known about the origins of the worldwide preference variation. This paper...
View ArticleDo Discrete Choice Approaches to Valuing Urban Amenities Yield Different...
Amenities that vary across cities are typically valued using either a hedonic model, in which amenities are capitalized into wages and housing prices, or a discrete model of household location choice....
View ArticleThe Comparative Advantage of Medicare Advantage -- by Joseph P. Newhouse,...
We ascertain the degree of service-level selection in Medicare Advantage (MA) using individual level data on the 100 most frequent HCC's or combination of HCC's from two national insurers in 2012-2013....
View ArticleKaldor and Piketty's Facts: The Rise of Monopoly Power in the United States...
The macroeconomic data of the last thirty years has overturned at least two of Kaldor's famous stylized growth facts: constant interest rates, and a constant labor share. At the same time, the research...
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