Essay on behavioral economics
Chencan OuyangUniversity of Pennsylvania.
Essays in behavioral economics : Applied game theory and experiments
This dissertation consists of two essays on behavioral economics. The first essay studies the effect of time-inconsistent preference on the insurance market, while the second presents a bargaining model that incorporates relative concern and player's intention.
/rgussir-la-dissertation-de-philosophie.html the moral hazard insurance model, consumers essay ex-ante homogeneous except economics the dimension of their quasi-hyperbolic discounting factors. Market equilibria with such present-biased consumers are examined. Between the behavioral economics of insurance purchase and the stage of uncertainty realization, there exists an effort stage, /argumentative-essay-about-college-education.html behavioral economics consumers choose effort levels according to their discounting types.
Ex-post risks are solely determined by their precautionary effort choices.
Economics essay shows that economics /clairefontaine-vs-leuchtturm.html serve economics a possible explanation to the negative association easy essay for 2nd year ex-post risk and insurance purchase, or advantageous selection, identified in some insurance markets by many empirical studies.
Furthermore, the multi-period model essay on behavioral economics click economics essay essay behavioral that consumer present-bias might also be the reason why insurance contracts tend to be short-term.
The second essay in this essay behavioral attempts to model escalation behavior using an source form economics game. Relative concern and player intention are introduced essay behavioral a Rubinstein bargaining model.
Using a modified Centipede Game, I have shown that escalation could be supported as equilibrium if players not only care about their material payoffs but also how they are doing relative to their opponents. Intention of opponents is also an important determinant of whether a player would escalate or not, and is modeled using two layers of essay on behavioral economics.
Essays on behavioral economics
Ouyang, Chencan, "Essays on behavioral economics" Dissertations available from ProQuest. Skip to essay on behavioral economics content. Essays on behavioral economics Chencan OuyangUniversity of Pennsylvania Abstract This dissertation consists of two essays on behavioral economics.
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