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on Neuroeconomics |
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Issue of 2023‒02‒06
two papers chosen by |
| By: | Afras Y. Sial; Justin R. Sydnor; Dmitry Taubinsky |
| Abstract: | Using data from a field experiment on exercise, we analyze the relationship between imperfect memory and people's awareness of their limited self-control. We find that people overestimate past gym attendance, and that larger overestimation of past attendance is associated with (i) more overestimation of future attendance, (ii) a lower willingness to pay to motivate higher future gym attendance, and (iii) a smaller gap between goal and forecasted attendance. We organize these facts with a structural model of quasi-hyperbolic discounting and naivete, estimating that people with more biased memories are more naive about their time inconsistency, but not more time-inconsistent. |
| JEL: | D9 I12 |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:30825&r=neu |
| By: | Flavio Cunha; Marsha Gerdes; Qinyou Hu; Snejana Nihtianova |
| Abstract: | Research documents that parental beliefs influence early investments in children, which, in turn, determine early human capital and, eventually, other skills children acquire in later stages of the lifecycle, such as literacy. Our paper reports the results of an experimental evaluation of the LENA Start Program, a group- and center-based parenting program that teaches the science of early language development, models verbal interaction behaviors with children, and provides objective feedback to improve the early language environment. The intervention changes parental beliefs and impacts the quantity and quality of parental linguistic input. |
| JEL: | I21 I24 |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:30837&r=neu |