Reading List: Theories of Behavioral Economics

Transcription

1 1. Introduction Reading List: Theories of Behavioral Economics Camerer, C.F. and Loewenstein G., 2003, Behavioral Economics: Past, Present, Future, in Advances in Behavioral Economics, Princeton University Press. Fudenrberg, D., 2006, Advancing beyond Advances in Behavioral Economics, Journal of Economic Literature, 44, Pesendorfer, W., 2006, Behavioral Economics Comes of Age, Journal of Economic Literature, 44, Rabin, M., 2002, A Perspective on Psychology and Economics, European Economic Review, 46, Rubinstein, A., 2006, Discussion of Behavioral Economics, in Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress. 2. Intertemporal choices Benabou, R. and Tirole, J., 2002, Self-Confidence and Personal Motivation, Quarterly Journal of Economics, 117, Benabou, R. and Tirole, J., 2004, Willpower and Personal Rules, Journal of Political Economy, 112, Carrillo, J.D. and Mariotti, T., 2000, Strategic Ignorance as a Self-Disciplining Device, Review of Economic Studies, 67, DellaVigna, S. and Malmendier U., 2004, Contract Design and Self-Control: Theory and Evidence, Quarterly Journal of Economics, 96, DellaVigna, S. and Malmendier U., 2006, Paying Not to Go to the Gym, American Economic Review, 96, Gul, F. and Pesendorfer, W., 2001, Temptation and Self-Control, Econometrica, 69, Fudenberg, D. and Levine, D., 2006, A Dual-Self Model of Impulse Control, American Economic Review, 96, Laibson, D., 1997, Golden Eggs and Hyperbolic Discounting, Quarterly Journal of Economics, 112, Loewenstein, G., 1987, Anticipation and the Valuation of Delayed Consumption, Economic Journal, 97, O Donoghue, T. and Rabin, M., 1999, Doing It Now or Later, American Economic Review, 89, Rubinstein, A., 2003, Economics and Psychology? The Case of Hyperbolic Discounting, International Economic Review, 44, Thaler, R.H. and Benartzi, S., 2004, Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving, Journal of Political Economy, 112, Thaler, R.H. and Shefrin, H.M., 1981, An Economic Theory of Self-Control, Journal of Political Economy, 89,

2 3. Social preferences: altruism, reciprocity and fairness Akerlof, G., 1982, Labor Contracts as a Partial Gift Exchange, Quarterly Journal of Economics, 97, Akerlof, G. and Yellen, J., The Fair-Wage Effort Hypothesis and Unemployment, Quarterly Journal of Economics, 105, Andreoni, J., 1989, Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence, Journal of Political Economy, 97, Benabou, R. and Tirole, J., 2006, Incentives and Prosocial Behavior, American Economic Review, 96, Binmore, K. and Shaked, A., 2010, Experimental Economics: Where Next? Journal of Economic Behavior and Organization, 73, Bolten, G.E. and Ockenfels, A., 2000, ERC: A Theory of Equity, Reciprocity, and Competition, American Economic Review, 90, Brekke, A., Kverndokk, S. and Nyborg, K., 2003, An Economic Model of Moral Motivation, Journal of Public Economics, 87, Fehr, E. and Schmidt, K., 1999, A Theory of Fairness, Competition, and Cooperation, Quarterly Journal of Economics, 114, Itoh, H., 2004, Moral Hazard and Other-Regarding Preferences, Japanese Economics Review, 55, List, J., 2006, The Behavioralist Meets the Market: Measuring Social Preferences and Reputation Effects in Actual Transactions, Journal of Political Economy, 114, Rabin, M., 1993, Incorporating Fairness into Game Theory and Economics, American Economic Review, 83, Sobel, J., 2005, Interdependent Preferences and Reciprocity, Journal of Economic Literature, 43, Reference-dependent preferences Ariely, D., Loewenstein, G., and Prelec, D., 2001, Coherent Arbitrariness: Stable Demand Curves without Stable Preferences, Quarterly Journal of Economics, 118, Barberis, N., Huang, M. and Santos, M., 2001, Prospect Theory and Asset Prices, Quarterly Journal of Economics, 86, Camerer, C., Babcock, L., Loewenstein, G., and Thaler, R.H., 1997, Labor Supply of New York City Cab Drivers: One Day at a Time, Quarterly Journal of Economics, 112, Farber, H.S., 2005, Is Tomorrow Another Day? The Labor Supply of New York City Cab Drivers, Journal of Political Economy, 113, Kahneman, D. and Tversky, A., 1979, Prospect Theory: An Analysis of Decision under Risk, Econometrica, 47, Koszegi, B. and Rabin, M., 2006, A Model of Reference-Dependent Preferences, Quarterly Journal of Economics, 121,

3 List, J., 2003, Does Market Experience Eliminate Market Anomalies? Quarterly Journal of Economics, 118, Belief formation, motivation and self-confidence Akerlof, G.A. and Dickens W.T., 1982, The Economic Consequences of Cognitive Dissonance, American Economic Review, 72, Babcock, L. and Loewenstein G., 1997, Explaining Bargaining Impasse: the Role of Self- Serving Biases, Journal of Economic Perspectives, 11, Benabou, R. and Tirole, J., 2003, Intrinsic and Extrinsic Motivation, Review of Economic Studies, 70, Benabou, R. and Tirole J., 2006, Belief in a Just World and Redistributive Politics, Quarterly Journal of Economic, 121, Brunnermeier, M. and Parker, J., 2005, Optimal Expectations, American Economic Review, 95, Compte, O. and Postlewaite A., 2004, Confidence-Enhanced Performance, American Economic Review, 94, Ellingsen, T. and Johannesson, M., 2008, Pride and Prejudice: The Human Side of Incentive Theory, American Economic Review, 98, Falk, A. and Kosfeld, M., 2006, Distrust: The Hidden Cost of Control, American Economic Review, 96, Fang, H. and Moscarini, G., 2005, Morale Hazard, Journal of Monetary Economics, 52, Gneezy, U. and Rustichini, A., 2000a, Fine is a Price, Journal of Legal Studies, 29, Gneezy, U. and Rustichini, A., 2000b, Paying Enough or Don t Pay at All, Quarterly Journal of Economics, 115, Ishida, J., 2006, Optimal Promotion Policies with the Looking-Glass Effect, Journal of Labor Economics, Koszegi, B., 2006, Ego Utility, Overconfidence, and Task Choice, Journal of the European Economic Association, 4, Rabin, M. and Schrag J.L., 1999, First Impressions Matter: A Model of Confirmatory Bias, Quarterly Journal of Economics, 114, Rabin, M., 2002, Inference by Believers in the Law of Small Numbers, Quarterly Journal of Economics, 114, Santos-Pinto, L. and Sobel J., 2005, A Model of Positive Self-Image in Subjective Assessment, American Economic Review, 95, Sliwka, D., 2007, Trust as a Signal of a Social Norm and the Hidden Costs of Incentive Schemes, American Economic Review, 97, Swank, O. and Visser, B., 2007, Motivating Through Delgating Tasks or Giving Attention, Journal of Law, Economics, and Organization, 23,

4 Van den Steen, E., 2004, Rational Overoptimism (and Other Biases), American Economic Review, 94, Bounded rationality Aragones, E., Gilboa, I., Postlewaite, A. and Schmeidler, D., 2005, Fact-Free Learning, American Economic Review, 95, Camerer, C.F., Ho, T.-H. and Chong, J.-K., 2004, A Cognitive Hierarchy Model of Games, Quarterly Journal of Economics, 119, Crawford, V.P., 2003, Lying for Strategic Advantage: Rational and Boundedly Rational Misrepresentation of Intentions, American Economic Review, 93, Ellison, G., 2006, Bounded Rationality in Industrial Organization, in Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress. Frederick, S., 2005, Cognitive Reflection and Decision Making, Journal of Economic Perspectives, 19, Gabaix, X. and Laibson, D., 2006, Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets, Quarterly Journal of Economics, 121, Gilboa, I. and Schmeidler, D., 1995, Case-Based Decision Theory, Quarterly Journal of Economics, 110, Mullainathan, S., 2002, A Memory-Based Model of Bounded Rationality, Quarterly Journal of Economics, 117, Piccione, M. and Spiegler, R., Price Competition under Limited Comparability, forthcoming in Quarterly Journal of Economics. Simon, H., 1955, A Behavioral Model of Rational Choice, Quarterly Journal of Economics, 69, Debates over methodology and policy Bernheim, B.D., 2009, On the Potential of Neuroeconomics: A Critical (but Hopeful) Appraisal, American Economic Journal: Microeconomics, 1, Camerer, C.F., Loewenstein, G. and Prelec, D., 2005, Neuroeconomics: How Neuroscience can Inform Economics, Journal of Economic Literature, 34, Glazer, E., 2006, Paternalism and Psychology, University of Chicago Law Review, 73, Gul, F. and Pesendorfer, W., 2008, The Case for Mindless Economics, in The Foundations of Positive and Normative Economics, Oxford University Press (also downloadable from pesendor/mindless.pdf). Gul, F. and Pesendorfer, W., 2009, A Comment on Bernheim s Appraisal of Neuroeconomics, American Economic Journal: Microeconomics, 1, Koszegi, B. and Rabin, M., 2007, Mistakes in Choice-Based Welfare Analysis, American Economic Review, 97,

5 Levine, D., 2009, Is Behavioral Economics Doomed? downloadable from Rustichini, A., 2009, Is There a Method of Nueroeconomics? American Economic Journal: Microeconomics, 1, Sobel, J., 2009, Neuroeconomics: A Comment on Bernheim, American Economic Journal: Microeconomics, 1, Thaler, R. and Sunstein, C., 2003, Libertarian Paternalism, American Economic Review, 93,