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Jérôme Renault, and Bruno Ziliotto
vol. 124, November 2020, pp. 122–139
We introduce the model of hidden stochastic games, which are stochastic games where players observe past actions and public signals on the current state. The natural state variable for these games is the common belief over the current state of the stochastic game. In this setup, we present an...
Pierre Dubois, Rachel Griffith, and Martin O'Connell
vol. 110, n. 11, November 2020, pp. 3661–3704
Soda taxes aim to reduce excessive sugar consumption. Policymakers highlight the young, particularly from poor backgrounds, and high sugar consumers as groups whose behavior they would most like to influence. There are also concerns about the policy being regressive. We assess who are most impacted...
Thomas S. Kraft, Jonathan Stieglitz, Benjamin C. Trumble, Angela Garcia, Hillard Kaplan, and Michael Gurven
vol. 375, n. 1811, November 2020
Humans have the longest post-reproductive lifespans and lowest rates of actuarial ageing among primates. Understanding the links between slow actuarial ageing and physiological change is critical for improving the human ‘healthspan’. Physiological dysregulation may be a key feature of ageing in...
Christian Gollier
vol. 70, n. 4, November 2020, pp. 913–941
We assume that the ex-post utility of an agent facing a menu of lotteries depends upon the actual payoff together with its forgone best alternative, thereby allowing for the expost emotion of regret. An increase in the risk of regret is obtained when the actual payoff and its forgone best...
Francesca Barigozzi, Helmuth Cremer, and Kerstin Roeder
vol. 130, n. 103589, November 2020
We study long-term care (LTC) choices by families with mixed- or same-gender siblings. LTC can be provided either informally by children, or formally at home or in an institution. A social norm implies that daughters suffer a psychological cost when they provide less informal care than the average...
Karine Van Der Straeten, Rumilda Cañete, Stéphane Straub, and Josepa Miquel-Florensa
vol. 179, November 2020, pp. 223–239
This paper challenges the conventional wisdom that giving voters more power – both formally through the use of more “open” electoral systems and informally through easier access to information on politicians’ wrongdoings – will necessarily result in them voting corrupt politicians out of office....
Jihyun Kim, and Nour Meddahi
vol. 218, n. 2, October 2020, pp. 690–713
Nowadays, a common method to forecast integrated variance is to use the fitted value of a simple OLS autoregression of the realized variance. However, non-parametric estimates of the tail index of this realized variance process reveal that its second moment is possibly unbounded. In this case, the...
Jean-François Bonnefon, and Iyad Rahwan
vol. 24, n. 12, October 2020, pp. 1019–1027
Intelligent machines do not really think ‘fast and slow’ as per dual-process models of human psychology, but this analogy can impact the decisions of various stakeholders. These stakeholders include engineers, user experience designers, regulators and ethicists, and the end users who interact with...
Daniel L. Chen
vol. 7, n. 2, October 2020, pp. 190–221
This paper builds and tests a model of marriage as an incomplete contract that arises from asymmetric virginity premiums and examines whether this can lead to social inefficiencies. Contrary to the efficient households hypothesis, women cannot prevent being appropriated by men once they enter...
Francesca Righetti, Daniel Balliet, Catherine Molho, Simon Columbus, Ruddy Faure, Yaprak Bahar, Muhammad Iqmal, Anna Semenchenko, and Ximena Arriaga
vol. 17, n. 20, October 2020, p. 7648
This work adopts an Interdependence Theory framework to investigate how the features of interdependent situations that couples face in their daily life (i.e., situations in which partners influence each other’s outcomes) shape attachment security toward their current partners. An experience...
