BD Bernheim… - American Economic Review, 2004 - JSTOR
We propose a model of addiction based on three premises:(i) use among addicts is
frequently a mistake;(ii) experience sensitizes an individual to environmental cues that
trigger mistaken usage;(iii) addicts understand and manage their susceptibilities. We ...
TA Hare, CF Camerer… - Science, 2009 - sciencemag.org
Abstract Every day, individuals make dozens of choices between an alternative with higher
overall value and a more tempting but ultimately inferior option. Optimal decision-making
requires self-control. We propose two hypotheses about the neurobiology of self-control:(i) ...
BD Bernheim… - 2005 - nber.org
This paper has two goals. First, we discuss several emerging approaches to applied welfare
analysis under non-standard (" behavioral") assumptions concerning consumer choice. This
provides a foundation for Behavioral Public Economics. Second, we illustrate applications ...
BD Bernheim… - 2008 - nber.org
We propose a broad generalization of standard choice-theoretic welfare economics that
encompasses a wide variety of non-standard behavioral models. Our approach exploits the
coherent aspects of choice which those positive models typically attempt to capture. It ...
E Helpman… - 1998 - nber.org
In this paper we study how aggregate output responds to the arrival of a new General
Purpose Technology (GPT) by looking at adjustment mechanisms that operate through labor
markets. We show that under a wide set of circumstances the arrival of a new GPT that ...
JO Ledyard, D Porter… - Journal of Economics & …, 1997 - Wiley Online Library
This paper reports the results of over 130 auctions conducted under controlled conditions to
examine the robustness of several auction mechanisms to allocate multiple objects. The
simultaneous discrete auction process used by the Federal Communications Commission ...
A Rangel - The American Economic Review, 2003 - ingentaconnect.com
Abstract: This paper studies the ability of nonmarket institutions to invest optimally in forward
intergenerational goods (FIGs), such as education and the environment, when agents are
selfish or exhibit paternalistic altruism. We show that backward intergenerational goods ( ...
BD Bernheim… - The American economic review, 2007 - JSTOR
Interest in behavioral economics has grown in recent years, stimulated largely by
accumulating evidence that the standard model of consumer decision making provides an
inadequate, positive description of human behavior. Behavioral models are increasingly ...
BD Bernheim… - 2002 - nber.org
We propose an economic theory of addiction based on the premise that cognitive
mechanisms such as attention affect behavior independently of preferences. We argue that
the theory is consistent with foundational evidence (eg from neurosciencee and ...
A Rangel… - Current opinion in neurobiology, 2010 - Elsevier
In goal-directed decision-making, animals choose between actions that are associated with
different reward outcomes (eg, foods) and with different costs (eg, effort). Rapid advances
have been made over the past few years in our understanding of the computations ...
BD Bernheim, A Rangel… - Econometrica, 2006 - Wiley Online Library
We examine legislative policy making in institutions with two empirically relevant features:
agenda setting occurs in real time and the default policy evolves. We demonstrate that these
institutions select Condorcet winners when they exist, provided a sufficient number of ...
E Tricomi, A Rangel, CF Camerer… - Nature, 2010 - nature.com
A popular hypothesis in the social sciences is that humans have social preferences to
reduce inequality in outcome distributions because it has a negative impact on their
experienced reward 1, 2, 3. Although there is a large body of behavioural and ...
A Rangel… - 2001 - nber.org
We study economies confronted with generational risks. Such risks are shocks that affect all
the members of a generation but have a smaller effect on other generations. They include
the risk of having a bear market during the years one saves for retirement, being the age ...
A Litt,
H Plassmann, B Shiv… - Cerebral Cortex, 2011 - Oxford Univ Press
Abstract There is a growing consensus that the brain computes value and saliency-like
signals at the time of decision-making. Value signals are essential for making choices.
Saliency signals are related to motivation, attention, and arousal. Unfortunately, an ...
D Bernheim… - Swedish Economic Policy Review, 2005 - stanford.edu
Abstract A growing consensus in neuroscience regarding how addictive substances affect
the brain supports the view that the consumption of addictive substances is sometimes
rational, and sometimes a cue-triggered mistake. Neuroscientists have gained ...
ML Spezio, A Rangel, RM Alvarez… - Social Cognitive …, 2008 - scan.oxfordjournals.org
Abstract Election outcomes correlate with judgments based on a candidate's visual
appearance, suggesting that the attributions viewers make based on appearance, so-called
thin-slice judgments, influence voting. Yet, it is not known whether the effect of ...
A Rangel - 2000 - nber.org
This paper develops a theory of intergenerational exchange for generations that are either
selfish or have non-dynastic altruism. The main building blocks of the theory are forward and
backward intergenerational goods (FIGs and BIGs) and the relationship between them. A ...
KC Armel, A Beaumel… - … and Decision Making, 2008 - authors.library.caltech.edu
Several decision-making models predict that it should be possible to affect real binary
choices by manipulating the relative amount of visual attention that decision-makers pay to
the two alternatives. We present the results of three behavioral experiments testing this ...
A Rangel - Neuroeconomics: Decision Making and the Brain. …, 2008 - books.google.com
Neuroconomics studies the neurobiological and computational basis of value-based
decision making. As the name suggests, these types of decisions involve the computation
and comparison of values. This gives rise to one of the most basic questions in the field: ...
K Wunderlich, A Rangel… - Proceedings of the …, 2010 - National Acad Sciences
Abstract Decision-making often involves choices between different stimuli, each of which is
associated with a different physical action. A growing consensus suggests that the brain
makes such decisions by assigning a value to each available option and then comparing ...
A Rangel - 2002 - nber.org
This paper studies constitutional restrictions on the tax base that protect future generations
from expropriation and improve the optimality of investment in Intergenerational Public
Goods (IPGs). The choice of the tax base matters because it affects how intergenerational ...
[CITATION] Choice-theoretic foundations for behavioral welfare economics
BD Bernheim… - The Methodologies of Modern Economics. Oxford …, 2008
I Krajbich, C Camerer, J Ledyard… - Science, 2009 - sciencemag.org
Abstract Every social group needs to decide when to provide public goods and how to
allocate the costs among its members. Ideally, this decision would maximize the group's net
benefits while also ensuring that every individual's benefit is greater than the cost he or ...
E Reutskaja,
R Nagel, CF Camerer… - The American …, 2011 - ingentaconnect.com
Abstract: We study decisions that involve choosing between different numbers of options
under time pressure using eye-tracking to monitor the search process of the subjects. We
find that subjects are quite adept at optimizing within the set of items that they see, that the ...
B Bushong, LM King, CF Camerer… - The American …, 2010 - ingentaconnect.com
Abstract: This paper describes a series of laboratory experiments studying whether the form
in which items are displayed at the time of decision affects the dollar value that subjects
place on them. Using a Becker-DeGroot auction under three different conditions—(i) text ...
V Navalpakkam, C Koch… - Proceedings of the …, 2010 - National Acad Sciences
Abstract The ability to choose rapidly among multiple targets embedded in a complex
perceptual environment is key to survival. Targets may differ in their reward value as well as
in their low-level perceptual properties (eg, visual saliency). Previous studies investigated ...
[CITATION] Beyond Revealed Preferences: Choice Theoretic Foundations for Behavioral Welfare Economics
BD Bernheim, A Rangel… - 2008 - National Bureau of Economic …
KC Armel… - The American Economic Review, 2008 - JSTOR
Montague 2007). This raises a question with important implications for economics: How
does the brain compute the values that guide decisions (henceforth called decision values)
and what are the properties of those processes? Important andmore concrete examples of ...
[CITATION] Social security reform: Efficiency gains or intergenerational redistribution
A Rangel - unpublished paper, Harvard University, 1997
KA Hassett, RG Hubbard, R Carson… - … , Graduate School of …, 2000 - cdi.mecon.gov.ar
ABSTRACT Despite the widespread attention paid to the determinants of equilibrium
ownership structures and organizational form in private, for-profit firms, much less attention
has been paid to equilibrium choices of not-for-profit versus for-profit status. We examine ...
[CITATION] Behavioral public economics: welfare and policy analysis with fallible decision-makers
BD Bernheim… - Institutions and Behavioral Economics (Princeton: …, 2005
M Milosavljevic, J Malmaud, A Huth, C Koch… - 2011 - papers.ssrn.com
Abstract: An important open problem is how values are compared to make simple choices. A
natural hypothesis is that the brain carries out the computations associated with the value
comparisons in a manner consistent with the Drift Diffusion Model (DDM), since this model ...
D Porter… - Working Papers, 1993 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
[CITATION] Emotions, Cognition, and Savings: Theory and Policy
BD Bernheim… - 2003 - Mimeo, Stanford University
JP Conley… - 2001 - nber.org
This paper studies how to design a fiscal constitution that, by capitalizing intergenerational
spillovers into land values, is able to protect future generations from expropriation and to
generate optimal investment in intergenerational public goods. In particular, we study how ...
E Cantillon… - Social choice and welfare, 2002 - Springer
Abstract. We use a simple graphical approach to represent Social Welfare Functions that
satisfy Independence of Irrelevant Alternatives and Anonymity. This approach allows us to
provide simple and illustrative proofs of May's Theorem, of variants of classic impossibility ...
A Lin, R Adolphs… - Social Cognitive and …, 2011 - scan.oxfordjournals.org
Abstract Learning to make choices that yield rewarding outcomes requires the computation
of three distinct signals: stimulus values that are used to guide choices at the time of
decision making, experienced utility signals that are used to evaluate the outcomes of ...
C Frydman, C Camerer… - … of the Royal …, 2011 - rspb.royalsocietypublishing.org
Abstract Genes can affect behaviour towards risks through at least two distinct
neurocomputational mechanisms: they may affect the value assigned to different risky
options, or they may affect the way in which the brain adjudicates between options based ...
BD Bernheim… - 2005 - elsa.berkeley.edu
Page 1. 1 Behavioral Public Economics B. Douglas Bernheim December 8, 2011 Page
2. 2 Introduction • Behavioral economics has changed dramatically over the last 15 years –
Moved from a largely critical stance to a constructive one ...
[CITATION] Cognition, Evaluation, and Hedonics: A Brain Processes Model of Decision-Making
BD Bernheim… - 2002 - Mimeo, Stanford University
[CITATION] A Theory of Legislative Policy Making, Part {I}: Basic Institutions
BD Bernheim, A Rangel… - 2000 - mimeo, Stanford University
MJ Kang, A Rangel, M Camus… - The Journal of …, 2011 - neuro.cjb.net
Abstract Hypothetical reports of intended behavior are commonly used to draw conclusions
about real choices. A fundamental question in decision neuroscience is whether the same
type of valuation and choice computations are performed in hypothetical and real ...
A Rangel - Neuron, 2008 - Elsevier
An important question in neuroeconomics is how consciousness affects decision making. In
this issue of Neuron, Pessiglione et al. take an initial step toward addressing this question by
showing that humans learn to make optimal choices in the absence of explicit knowledge ...
[CITATION] Behavioral public economics: welfare economics when individuals can make mistakes
DG Bernheim… - 2004 - Stanford University, mimeo
[CITATION] Economic decision-making under conditions of extreme time pressure and option overload: An eyetracking study
E Reutskaja, J Pulst-Korenberg, R Nagel… - American Economic …, 2008
E Fehr… - The Journal of Economic Perspectives, 2011 - ingentaconnect.com
Abstract: Neuroeconomics combines methods and theories from neuroscience psychology,
economics, and computer science in an effort to produce detailed computational and
neurobiological accounts of the decision-making process that can serve as a common ...
[CITATION] Intergenerational Risk Sharing Properties of Market and Political Institutions
A Rangel… - 1998 - Stanford University, November
I Krajbich… - … of the National Academy of Sciences, 2011 - National Acad Sciences
Abstract How do we make decisions when confronted with several alternatives (eg, on a
supermarket shelf)? Previous work has shown that accumulator models, such as the drift-
diffusion model, can provide accurate descriptions of the psychometric data for binary ...
TA Hare, W Schultz, CF Camerer… - Proceedings of the …, 2011 - National Acad Sciences
Abstract Decision-making can be broken down into several component processes:
assigning values to stimuli under consideration, selecting an option by comparing those
values, and initiating motor responses to obtain the reward. Although much is known ...
BD Bernheim… - Perspectives on the Future of Economics: …, 2006 - stanford.edu
Interest in behavioral economics has grown in recent years, stimulated largely by
accumulating evidence that the standard model of consumer decision-making provides an
inadequate positive description of human behavior. Scholars have proposed a variety of ...
A Alesina, R Baqir, C Hoxby… - NBER WORKING …, 2000 - en.scientificcommons.org
Abstract We investigate whether political jurisdictions form in response to the trade-off
between economies of scale and the costs of a heterogeneous population. We consider
heterogeneity in income, race, ethnicity, and religion, and we test the model using ...
[CITATION] Savings and Cue-Triggered Decision Processes
BD Bernheim… - 2005 - manuscript
AR Bandeira - Politics & Society, 1976 - pas.sagepub.com
[CITATION] Why Is Social Security Good for the Environment
AF Rangel… - AER
A Bollard, R Lui, AD Nursimulu, A Rangel… - 2007 - ufsp.uzh.ch
Abstract Recent neurophysiological studies reveal that risk and reward are separately
encoded in the human brain, and that the encodings display different timing patterns.
Therefore, we hypothesized that sensitivity of trading decisions to risk and reward ...
[CITATION] Beyond revealed preference: toward foundations for behavioral welfare economics
D Bernheim… - This Volume, 2008
[CITATION] ADJUSTING TO A NEW TECHNOLOGY: EXPERIENCE AND TRAINING (April)
E Helpman… - 1833
C Frydman,
N Barberis, C Camerer, P Bossaerts… - 2011 - papers.ssrn.com
Abstract: We show that measures of neural activity provided by functional magnetic
resonance imaging (fMRI) can be used to test between theories of investor behavior that are
difficult to distinguish using behavioral data alone. Subjects traded stocks in an ...
KC Armel, A Beaumol… - 2007 - mail.eaer.org
Abstract: We study the following two basic questions in neuroeconomics:(1) How does the
amount of time that a decision-maker spends computing decision values affect the choices
that he makes?(2) How does previous experience carrying out the decision value ...
[CITATION] Neurometrically Informed Mechanism Design
I Krajbich, J Ledyard, CF Camerer… - California Institute of Technology …, 2010
[CITATION] Behavioral public economics: How to do welfare analysis when individuals can make mistakes
D Bernheim… - … and Behavioral Economics, Princeton University Press …, 2005
Abstract Apprenticeships have long been a common form of training across the world. To
understand the merits of this institution, we develop an overlapping generations adverse
selection model in which apprenticeships are not only productive human capital assets, ...
[CITATION] 1Can Market and Voting InstituM tions Generate Optimal Intergenerational Risk Sharing? 1 in: Campbell, John Y., and Feldstein, Martin (eds.), Risk …
A Rangel… - 2001 - The University of Chicago Press, pp. …
[CITATION] Behavioral public economics: Toward welfare analysis with fallible consumers
BD Bernheim… - 2004 - forthcoming in Economic Institutions …
[CITATION] Backward and Forward Intergenerational Goods
A Rangel - Harvard manuscript, 1997
[CITATION] How to Protect Future Generations Using Federalism
A Rangel… - 2002 - Stanford manuscript
[CITATION] The Results of Some Tests of Mechanism Designs for the Allocation and Pricing of Collections of Heterogeneous Items
JO Ledyard, D Porter, A Rangel… - 1996 - California Institute of Technology. …
[CITATION] jBehavioral Public Economics: Welfare and Policy Analysis with Non $ Standard Decision $ Makers, kin Peter Diamond and Hannu Vartianen
BD Bernheim… - Institutions and Behavioral Economics, forthcoming, 2005
[CITATION] forthcoming.“Search Dynamics in Consumer Choice under Time Pressure: An Eye-Tracking Study.”
E Reutskaja, R Nagel, C Camerer… - American Economic Review
[CITATION] lChoice $ Theoretic Foundations for Behav $ ioral Welfare Economics. mIn Andrew Caplin and Andrew Schotter (eds.), The Method# ologies of Modern …
BD Bernheim… - 2008 - Oxford University Press, forthcoming
V Navalpakkam, C Koch, A Rangel… - Journal of Vision, 2009 - journalofvision.org
Abstract How do distinct sensory and economic attributes like salience and reward combine
to guide where we look? Are saccadic decisions dominated by visual salience or reward?
Can saccadic decisions, like purely economic decisions, fail to maximize expected reward ...
M Milosavljevic, C Koch… - 2012 - papers.ssrn.com
Abstract: We make hundreds of decisions every day, many of them extremely quickly and
without much explicit deliberation. This motivates two important open questions: What is the
minimum time required to make choices with above chance accuracy? What is the impact ...
[CITATION] Candy wrappers are red and bright because visual saliency creates a sizable bias in consumer choices
M Milosavljevic, V Navalpakkam, C Koch… - 2011 - Working Paper, California Institute of …
M Milosavljevic, V Navalpakkam, C Koch… - Journal of Consumer …, 2011 - Elsevier
Consumers often need to make very rapid choices among multiple brands (eg, at a
supermarket shelf) that differ both in their reward value (eg, taste) and in their visual
properties (eg, color and brightness of the packaging). Since the visual properties of ...
BD Bernheim, A Rangel… - 2002 - nber.org
We examine democratic policy-making in a simple institution with real-time agenda setting.
Individuals are recognized sequentially. Once recognized, an individual makes a proposal,
which is immediately put to a vote. If a proposal passes, it supercedes all previously ...
[CITATION] Behavioral Public Economics: How to Do Welfare Analysis When People Can Make Mistakes
D Bernheim… - 2005 - Economic Institutions and …
AR Bandeira, B Studies… - 1975 - getcited.org
An academic directory and search engine.
[CITATION] A modification of the Diffusion Decision Model is necessary to explain value-based choice
M Milosavljevic, A Huth, C Koch…
EFP Luttmer, M Feldstein, M Ghatak, L Katz… - 2001 - nber.org
Abstract Income redistribution can be viewed as a process that screens individuals based on
their innate ability and then transfers income conditional on ability. In this paper, I develop a
mechanism that privatizes income redistribution. This mechanism implements the income ...
E Cantillon… - 2001 - dipot.ulb.ac.be
ABSTRACT We use a simple graphical approach to represent Social Welfare Functions that
satisfy Independence of Irrelevant Alternatives and Anonymity. This approach allows us to
provide simple and illustrative proofs of May, s Theorem, of variants of classic impossibility ...
[CITATION] Department of Economics Stanford University and NBER
A Rangel - 2002
P Dreyfus… - comunidadesegura.org.br
... Júlio César Purcena, Researcher, Small Arms Control Project, Viva Rio Luis Carlos Silveira,
Field Researcher, Viva Rio COORDINATOR OF THE SMALL ARMS CONTROL PROJECT: Antonio
Rangel Bandeira EXECUTIVE DIRECTOR OF VIVA RIO: Rubem César Fernandes ...
[CITATION] CHOICE-THEORETIC
BD BERNHEIM, A RANGEL - The foundations of …, 2008 - Oxford University Press, USA
A Yaron, A Pricing, A Rangel, B McCallum… - …, 2008 - Wiley Online Library
THE 2008 ECONOMETRIC SOCIETY AUSTRALASIAN MEETING will be held in on 9–11
July, 2008 in Wellington, New Zealand and serves as a symposium to mark the life and work
of AWH Phillips. The New Zealand Association of Economists (NZAE) and the ...
[CITATION] Why Candy Wrappers Should Be Red and Bright: The Effects of Visual Saliency Bias on Every-Day Consumer Choices
M Milosavljevic, V Navalpakkam, C Koch, A Rangel…
[CITATION] Italics indicate bibliography citations.
W Abendroth, D Abraham… - The Challenge of …, 1985 - Ablex Publishing Corporation
V Navalpakkam, C Koch, A Rangel… - Journal of Vision, 2010 - journalofvision.org
Abstract The ability to rapidly choose among multiple valuable targets embedded in a
complex perceptual environment is key to survival in many animal species. Targets may
differ both in their reward value as well as in their low-level perceptual properties (eg, ...
A Harris, R Adolphs, C Camerer… - PloS one, 2011 - dx.plos.org
Signals representing the value assigned to stimuli at the time of choice have been
repeatedly observed in ventromedial prefrontal cortex (vmPFC). Yet it remains unknown how
these value representations are computed from sensory and memory representations in ...
BD Bernheim, A Rangel… - 2001 - nyu.edu
Abstract∗ We would like to thank David Baron, Jonathan Bendor, Stephen Coate, James
Fearon, Rod Garrat, Timothy Groseclose, Gene Grossman, Jonathan Katz, Eric Maskin,
Antonio Merlo, Kent Smetters, Barry Weingast, and seminar participants at the Stanford ...
JO Ledyard, D Porter… - Working Papers, 1996 - econpapers.repec.org
By John O. Ledyard, David Porter and Antonio Rangel; The Results of Some Tests of
Mechanism Designs for the Allocation and Pricing of Collections of Heterogeneous. ...
Heterogeneous. John O. Ledyard, David Porter and Antonio Rangel. ...
[CITATION] Addiction and Cue-Conditioned Cognitive Processes B. Douglas Bernheim
A Rangel - NBER working paper series, 2002
[CITATION] The Neural Basis for Self-Control-You're on a diet, but you really want a piece of that chocolate cake. What's going on in your brain as you struggle to resist …
A Rangel - Engineering and Science, 2010
[CITATION] Trade Marks: International Protection and Basic Features of the Mexican and Canadian Legal Systems
DA Rangel - 1979 - University of Toronto
[CITATION] Decisions, Decisions: The Emerging Field of Neuroeconomics
A Rangel - Neuron, 2007 - Elsevier
V Janowski, C Camerer… - Social Cognitive and …, 2012 - scan.oxfordjournals.org
Abstract Empathic decision-making involves making choices on behalf of others in order to
maximize their well-being. Examples include the choices that parents make for their
children, as well as the decisions of a politician trying to make good choices on behalf of ...
H Plassmann, B Shiv… - … of the Society …, 2008 - journalofconsumerpsychology.org
ABSTRACT A sizable number of marketing actions attempt to influence the pleasure we
derive from consuming a good–or in other words experienced utility (EU)-by changing
properties of products, such as prices, that are unrelated to their inherent product qualities ...
E Helpman… - 1998 - cepr.org
In this paper we study how aggregate output responds to the arrival of a new General
Purpose Technology (GPT) by looking at adjustment mechanisms that operate through
labour markets. We show that under a wide set of circumstances the arrival of a new GPT ...
[CITATION] How does the brain make economic decisions?
A Rangel - Trends in Cognitive Sciences, 2011 - Elsevier
[CITATION] Two new 'must-have'books on functional MRI data analysis
A Rangel - Trends in Cognitive Sciences, 2012 - Elsevier
[CITATION] Optimal reward harvesting in complex perceptual environments PNAS 2010 107 (11) 5232-5237; published ahead of print March
V Navalpakkam, C Koch, A Rangel…
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