1 citations · 1 across the 2 of their papers we have counts for
4 papers
On the Optimality of Mental Accounting
Jarrod Burgh, Emerson Melo, Matthew Shum
Mental accounting is usually explained by self-control, and two-stage budgeting by separable preferences. We propose a third explanation based on sellers' market power. A consumer…
Risk-Averse Welfare Maximization via Marginal Treatment Effects
Jarrod Burgh, Emerson Melo
This paper studies risk-averse treatment allocation when individuals self-select into treatment based on unobserved characteristics. We develop a framework that combines the margin…
Censored Beliefs and Wishful Thinking
Jarrod Burgh, Emerson Melo
We present a model elucidating wishful thinking, which comprehensively incorporates both the costs and benefits associated with biased beliefs. Our findings reveal that wishful thi…
Wishful Thinking is Risky Thinking
Jarrod Burgh, Emerson Melo
We develop a model of wishful thinking that incorporates the costs and benefits of biased beliefs. We establish the connection between distorted beliefs and risk, revealing how wis…