Related papers: Culture and the disposition effect
This paper presents a simple agent-based model of an economic system, populated by agents playing different games according to their different view about social cohesion and tax payment. After a first set of simulations, correctly…
The paper presents an analysis performed over the worldwide top 150 firms in the pharmaceutical industry. It begins with a test of the Gibrat's Law of Proportionate Effect finding, in line with previous literature, a violation concerning…
The study analyzed the impact of financial inclusion on the effectiveness of monetary policy in developing countries. By using a panel data set of 10 developing countries during 2004-2020, the study revealed that the financial inclusion…
Social and political polarization is a significant source of conflict and poor governance in many societies. Thus, understanding its causes has become a priority of scholars across many disciplines. Here we demonstrate that shifts in…
Intraspecific trait variation has been increasingly recognized as an important factor in determining species interaction and diversity. Eco-evolutionary models have studied the distribution of trait values within a population that changes…
This paper investigates the causal effect of export intensity on productivity and other firm-level outcomes with a dose-response function. After positing that export intensity acts as a continuous treatment, we investigate counterfactual…
The goal of this paper is to study organized flocking behavior and systemic risk in heterogeneous mean-field interacting diffusions. We illustrate in a number of case studies the effect of heterogeneity in the behavior of systemic risk in…
Words shift in meaning for many reasons, including cultural factors like new technologies and regular linguistic processes like subjectification. Understanding the evolution of language and culture requires disentangling these underlying…
Large language models (LLMs) are widely applied across diverse domains, raising concerns about their limitations and potential risks. In this study, we investigate two types of bias that LLMs may display: stereotype bias and deviation bias.…
We examine how production and the development of property rights interact with cultural transmission to shape the treatment of the elderly across societies. Our model posits that respect for the elderly arises endogenously: parents invest…
Physical attractiveness matters. It has been shown to influence human perception and decision-making, often leading to biased judgments that favor those deemed attractive in what is referred to as the "attractiveness halo effect". While…
The impact of predictive algorithms on people's lives and livelihoods has been noted in medicine, criminal justice, finance, hiring and admissions. Most of these algorithms are developed using data and human capital from highly developed…
This paper acts as a collection of various trading strategies and useful pieces of market information that might help to implement such strategies. This list is meant to be comprehensive (though by no means exhaustive) and hence we only…
This study analyzes how economic, demographic, and geographic factors predict the representation of different countries in the global film festival circuit. It relies on the combination of several open-access databases, including festival…
Election data represent a precious source of information to study human behavior at a large scale. In proportional elections with open lists, the number of votes received by a candidate, rescaled by the average performance of all…
Machine Learning (ML) increasingly informs the allocation of opportunities to individuals and communities in areas such as lending, education, employment, and beyond. Such decisions often impact their subjects' future characteristics and…
Urban economists have put forward the idea that cities that are culturally interesting tend to attract "the creative class" and, as a result, end up being economically successful. Yet it is still unclear how economic and cultural dynamics…
Research from a variety of fields including psychology and linguistics have found correlations and patterns in personal attributes and behavior, but efforts to understand the broader heterogeneity in human behavior have not yet integrated…
We review economic research regarding the decision making processes of individuals in economics, with a particular focus on papers which tried analyzing factors that affect decision making with the evolution of the history of economic…
There is active debate over whether to consider patient race and ethnicity when estimating disease risk. By accounting for race and ethnicity, it is possible to improve the accuracy of risk predictions, but there is concern that their use…