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Journal of Economic Perspectives
IF
6.45
Papers
1792
Papers 1750
1 page of 175 pages (1,750 results)
Newest
#1Mary Amiti (Federal Reserve Bank of New York)H-Index: 25
#2Stephen J. Redding (NBER: National Bureau of Economic Research)H-Index: 44
Last.David E. Weinstein (NBER: National Bureau of Economic Research)H-Index: 33
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#1Sebastian Edwards (NBER: National Bureau of Economic Research)H-Index: 68
In this paper I discuss the ways in which populist experiments have evolved historically. Populists are charismatic leaders that use a fiery rhetoric to pitch the interests of “the people” against those of banks, large firms, multinational companies, the IMF, and immigrants. Populists implement redistributive policies that violate the basic laws of economics, and in particular budget constraints. Most populist experiments go through five distinct phases that span from euphoria to collapse. Histo...
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#1David A. Keiser (UMass: University of Massachusetts Amherst)
#2Joseph S. Shapiro (NBER: National Bureau of Economic Research)H-Index: 9
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#1Janet Currie (Princeton University)H-Index: 65
#2Reed Walker (University of California, Berkeley)H-Index: 5
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#1Brett M. Frischmann (Villanova University)H-Index: 3
#2Alain Marciano (University of Montpellier)H-Index: 12
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#1Italo Colantone (Bocconi University)H-Index: 7
#2Piero Stanig (Bocconi University)H-Index: 5
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#1Alain BéraudH-Index: 3
#2Guy Numa (CSU: Colorado State University)H-Index: 2
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#1Joshua B. Miller (University of Melbourne)
#2Adam Sanjurjo (University of Alicante)H-Index: 5
We show how classic conditional probability puzzles, such as the Monty Hall problem, are intimately related to the recently discovered hot hand selection bias. We explain the connection by way of the principle of restricted choice, an intuitive inferential rule from the card game bridge, which we show is naturally quantified as the updating factor in the odds form of Bayes's rule. We illustrate how, just as the experimental subject fails to use available information to update correctly when choo...
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