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econ.TH2021
Projection Bias in Effort Choices
Marc Kaufmann
Working becomes harder as we grow tired or bored. I model individuals who underestimate these changes in marginal disutility -- as implied by "projection bias" -- when deciding whe…
econ.GN2021★ 1 cited
Arbitraging Narrow Bracketers
Francesco Fallucchi, Marc Kaufmann
Many important economic outcomes result from the combined effects of several choices, so the best option is not determined from each choice in isolation, but depends on how each ch…