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on Neuroeconomics |
| By: | Paul Bingley; Nabanita Datta Gupta; Malene Kallestrup-Lamb; Alexander O.K. Marin |
| Abstract: | Using Danish SHARE data from 2004–2022, we examine income gradients in health among retirees ages 60–79 across functional, diagnosed, comprehensive, mental, and cognitive domains. Higher-income retirees are healthier across all dimensions, but the evolution of inequality differs across measures. Functional and comprehensive health gaps narrow over time because lower-income retirees improve, whereas mental health gaps remain large and persistent. Diagnosed and cognitive health show smaller, less stable gradients. Overall, health inequality at older ages is substantial but not uniform: physical health disparities compress, while mental health disparities show no sign of convergence. |
| JEL: | I14 J14 |
| Date: | 2026–05 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:35165 |
| By: | Zarema Khon (Nazarbayev University, Graduate School of Business); Haiming Hang (University of Bath); Samuel G. B. Johnson (University of Waterloo) |
| Abstract: | People encounter persuasion on a daily basis, but often resist persuasion attempts that clash with their moral intuitions. How do people make these moral judgments of persuasion? Four studies (N = 1, 103) show that these judgments depend on metacognitive beliefs about how the persuasion is processed. If people think persuasion aims at their emotions and intuition - bypassing deliberative reasoning - they evaluate it as more immoral and manipulative than persuasion believed to be processed deliberately. This is because people find System 1 processing (fast and effortless, such as encountering an emotional appeal ad) more autonomy-threatening than System 2 processing (slow and effortful, such as reading about a product's features). Since System 2 (vs. System 1) persuasion is considered less immoral, it yields more positive attitude change than that of System 1 (no matter if the latter is positively valenced, such as humor, or negatively valenced, such as appeal to pity). These findings contribute to research on moral judgment, lay theories of cognitive processing, psychology of autonomy, and resistance to persuasion. |
| Keywords: | persuasion, morality, perceived autonomy, reactance, dual-process theory, lay theories, metacognition |
| Date: | 2026–05 |
| URL: | https://d.repec.org/n?u=RePEc:asx:nugsbw:2026-09 |
| By: | Sixian Shu; Midori Wakabayashi |
| Abstract: | This paper examines how spousal retirement affects psychological well-being in Chinese households using 2016–2020 China Family Panel Survey data. Exploiting statutory retirement ages as instruments in a two-stage least squares framework, we identify causal effects of retirement transitions. Results show clear gender asymmetries in these spillover effects. For men, a wife’s retirement increases life satisfaction regardless of the husband’s labor-force status, with further gains in depression and marital satisfaction once both partners retire. For women, a husband’s retirement raises depressive symptoms while the wife remains employed, but this effect disappears after her own retirement, when life satisfaction significantly improves. Mechanism analyses suggest these effects operate through gender-differentiated adjustments in household labor allocation and joint consumption patterns. These findings underscore that retirement in China is a collective family-level transition rather than an individual event, highlighting the role of institutional constraints and gender norms in shaping the welfare of aging couples. |
| Date: | 2026–05 |
| URL: | https://d.repec.org/n?u=RePEc:toh:tupdaa:84 |
| By: | Dmitry Dagaev; Egor Ivanov; Petr Parshakov; Alexey Savvateev; Gleb Vasiliev |
| Abstract: | The emergence of large language models (LLMs) has spurred economists to study how humans and LLMs behave in strategic settings. We organized a series of round-robin tournaments in the Colonel Blotto game. This game attracts game theorists' attention due to high-dimensional action space and the absence of pure strategy Nash equilibria. In the first tournament, more than 200 human participants competed against one another. In the second tournament, several popular LLMs were invited to submit strategies. In the third tournament, we matched the number of LLM strategies to the number submitted by humans. We find that humans more often employ better-calibrated intermediate-level allocation heuristics and outperform the simpler, more stereotyped strategies submitted by LLMs. Strategic sophistication is key to success if and only if the necessary level of reasoning depth is reached, while lower and higher levels of reasoning offer no clear advantage over the primitive strategies. Among humans, field of study weakly predicts success: participants with STEM backgrounds perform better in the first tournament. Surprisingly, humans almost do not adjust their strategies across tournaments with different sets of opponents. This result suggests that humans base their choices primarily on the game's rules rather than on the identity of their opponents, treating LLMs much like human competitors. |
| Date: | 2026–05 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2605.22095 |