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Keyword: counterfactual thinking;
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As work changes, firm-provided training may become more relevant for good economic and social outcomes. However, so far there is little or no causal evidence about the effects of training on firms. This paper studies a l...Read more...
Pedro Martins
13 March 2020
How achievement makes people feel depends upon counterfactual thoughts about what could have been. One body of evidence for this comes from studies of observer ratings of Olympians' happiness, which suggests that categor...Read more...
Paul Dolan, Chloe Foy, Georgios Kavetsos and Laura Kudrna
21 June 2016
An experiment tested whether and in what circumstances people are more likely to believe an event simply because it makes them better off. Subjects observed a financial asset's historical price chart, and received both a...Read more...
Guy Mayraz
10 November 2011
This paper offers a simple but powerful model of wishful thinking, cognitive dissonance, and related biases. Choices maximize subjective expected utility, but beliefs depend on the decision maker's interests as well as o...Read more...
March 2011
We develop a new general equilibrium model of monopolistic competition with heterogeneous firms, variable demand elasticity and multiple asymmetric regions, in which trade integration induces wage and productivity change...Read more...
Kristian Behrens, Giordano Mion, Yasusada Murata and Jens Südekum
October 2009
July 2009