9
votes
4answers
39 views

What are the key algorithms for learning optimal behavior of economic agents?

I'm playing around with social learning of near-optimal behavioral rules on a set of agents. The idea is roughly that given an income process (or technology process, depending on the question) an ...
10
votes
3answers
89 views

Do safety features cause drivers to engage in more risky behavior than they otherwise would?

It seems to be generally assumed that making cars safer for the occupants will reduce death, injury, and damage from traffic accidents. What are some examples of significant empirical research on ...
4
votes
4answers
128 views

What is a good book for studying incentives?

I am looking for a book, which gives a broad overview of all the main theories regarding incentives. Using this book, I would like to further my understanding of things like: Why slot machines ...
26
votes
2answers
431 views

Do students exhibit rational behavior in determining study time?

While I teach some economics classes, I must admit to near complete ignorance on the optimization processes students undertake when studying. We often say that the "best" students are those who earn ...
8
votes
3answers
47 views

How can you limit excessive risk-taking at the institutional level?

Some firms have a compensation structure that encourages risk-taking while insulating employees from the bad consequences of their decisions. This creates the potential for moral hazard. I started ...
21
votes
3answers
283 views

Why does the human visual system produce a bright patch after staring at a bright light source and looking away?

If a person looks at a bright light source, such as a light bulb or perhaps the sun for a period of time, and then looks away and closes their eyes, they typically see a bright patch in the shape of ...
19
votes
2answers
811 views

Are autonomy, mastery, and purpose the most important motivators?

I've watched the amazing TED talk where Daniel Pink lays out the contrarian notion that greater extrinsic motivators are unimportant (and sometimes detrimental) in comparison to three intrinsic ...
5
votes
1answer
115 views

Inferring relationships between psychological variables in clinical samples and issues in generalisation

Context I sometimes speak to researchers studying the relationship between variables in clinical psychology samples. A typical example is as follows: 100 patients with diagnosed depression many ...

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