Essays on emotions and economic decision making
Abstract/Contents
- Abstract
- My dissertation delves into the intricate interplay between emotions and decision-making within the field of economics. In Chapter 1, I explore the implications of empathy for income redistribution. I define empathy as the accurate simulation of how one would feel if they were in another's situation. When faced with a redistribution decision, the wealthy would feel guilty if they did not help the poor. In order to reduce such guilt, the wealthy may adopt beliefs that entail low empathy--i.e., they may systematically underestimate the value of incremental resources to the poor--in order to justify less redistribution. Understanding how individuals accurately encode their emotions within their reported beliefs is paramount for economists, as misconceptions in this realm can lead to incorrect inferences and misguided policy recommendations. In Chapter 2, jointly with James Andreoni and B. Douglas Bernheim, I explore whether individuals report their happiness accurately, and explain implications for the interpretation of happiness data. Emotions such as overconfidence, fear, and greed, may exert substantial influence on financial decision-making. In Chapter 3, jointly with Sandro Ambuehl and B. Douglas Bernheim, I study the magnitude of trading mistakes by US retail investors in a laboratory setting.
Description
| Type of resource | text |
|---|---|
| Form | electronic resource; remote; computer; online resource |
| Extent | 1 online resource. |
| Place | California |
| Place | [Stanford, California] |
| Publisher | [Stanford University] |
| Copyright date | 2023; ©2023 |
| Publication date | 2023; 2023 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Author | Jia, Tingyan |
|---|---|
| Degree supervisor | Bernheim, B |
| Thesis advisor | Bernheim, B |
| Thesis advisor | Jackson, Matthew |
| Thesis advisor | Niederle, Muriel |
| Degree committee member | Jackson, Matthew |
| Degree committee member | Niederle, Muriel |
| Associated with | Stanford University, School of Humanities and Sciences |
| Associated with | Stanford University, Department of Economics |
Subjects
| Genre | Theses |
|---|---|
| Genre | Text |
Bibliographic information
| Statement of responsibility | Tingyan Jia. |
|---|---|
| Note | Submitted to the Department of Economics. |
| Thesis | Thesis Ph.D. Stanford University 2023. |
| Location | https://purl.stanford.edu/hb148fv5290 |
Access conditions
- Copyright
- © 2023 by Tingyan Jia
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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