Ben Stagoff-Belfort
@benstagoff.bsky.social
PhD student in economics @ Johns Hopkins
Formerly RA @ Federal Reserve Board
Formerly RA @ Federal Reserve Board
Reposted by Ben Stagoff-Belfort
Reposted by Ben Stagoff-Belfort
These two papers, taken together, really cause a rethinking of behavioral economies.
Rather than having anomalous risk preferences; it looks like people have complexity aversion to "hard" decisions, especially on valuation, which drives behavioral anomalies. Herbert Simon ftw.
Rather than having anomalous risk preferences; it looks like people have complexity aversion to "hard" decisions, especially on valuation, which drives behavioral anomalies. Herbert Simon ftw.
November 27, 2024 at 4:33 PM
These two papers, taken together, really cause a rethinking of behavioral economies.
Rather than having anomalous risk preferences; it looks like people have complexity aversion to "hard" decisions, especially on valuation, which drives behavioral anomalies. Herbert Simon ftw.
Rather than having anomalous risk preferences; it looks like people have complexity aversion to "hard" decisions, especially on valuation, which drives behavioral anomalies. Herbert Simon ftw.