Josh Hascher
@josh-hascher.bsky.social
PhD Student in Quant Marketing at Yale SOM
jmhascher.com
jmhascher.com
Reposted by Josh Hascher
How much do Econ PhD students actually work? I tracked my hours for 6 months and wrote a short report on my sample of N=1. Check it out!
Full report: brantjwalker.github.io/files/Extras/timediary_110125.pdf
Full report: brantjwalker.github.io/files/Extras/timediary_110125.pdf
November 2, 2025 at 3:55 PM
How much do Econ PhD students actually work? I tracked my hours for 6 months and wrote a short report on my sample of N=1. Check it out!
Full report: brantjwalker.github.io/files/Extras/timediary_110125.pdf
Full report: brantjwalker.github.io/files/Extras/timediary_110125.pdf
Reposted by Josh Hascher
Anyone interested in what prospect theory is (descriptive theory of choice) and isn’t (a model of anomalous preferences), should read below.
I disagree here. The papers are interesting as @aleximas.bsky.social has pointed out (bsky.app/profile/alex...), but differences in elicitation producing preference reversals predates Prospect Theory. If you don't know Lichtenstein & Slovic (1971) and Grether and Plott (1979), read below.
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 28, 2024 at 2:20 AM
Anyone interested in what prospect theory is (descriptive theory of choice) and isn’t (a model of anomalous preferences), should read below.