research institute for compassionate economics

Research

RICE

 Reference-dependent decision-making – the core of behavioral economics’ prospect theory – makes people more likely to choose an outcome that they expect to receive. Reference-dependence therefore may imply the perpetuation of disadvantage: people who do not expect an opportunity may...Read More..

Published: Social Science and Medicine       Geography: South Africa

Larger reactions to earlier incentives are usually attributed to time preference. However, cognitive limits could also generate behavior that appears impatient. We present a simple model illustrating “local” intertemporal decisions, then apply this interpretation to the puzzle of monthly consumption increases upon...Read More..

Published: Working Paper       Geography: South Africa
RICE

We compare the administrative data on the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MG-NREGA) with the estimates of public works employment from a large-scale survey undertaken by India's National Sample Survey Office. A widely held concern...Read More..

Published: Working Paper       Geography: India
RICE

Economic theory and conventional wisdom suggest that time preference can cause or perpetuate poverty. Might poverty also or instead cause impatient or impulsive behavior? This paper reports a randomized lab experiment and a partially randomized field experiment, both in India,...Read More..

Published: B.E. Journal of Economic Analysis and Policy       Geography: International

Taller children perform better on average on tests of cognitive achievement, in part because of differences in early-life health and net nutrition. Recent research documenting this height–achievement slope has primarily focused on rich countries. Using the India Human Development Survey,...Read More..

Published: Economics and Human Biology       Geography: India
RICE

How would a boundedly rational agent react to a larger menu? I model bounded rationality as choice from an unobservable, subjective consideration subset. Consideration sets satisfy Sen's (1969) property alpha: larger objective choice sets can generate smaller consideration sets. In...Read More..

Published: B.E. Journal of Economic Analysis and Policy       Geography: International

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