The market: Catalyst for rationality and filter of irrationality
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- List John A. & Millimet Daniel L, 2008. "The Market: Catalyst for Rationality and Filter of Irrationality," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-55, November.
- List, John & Millimet, Daniel, 2005. "The Market: Catalyst for Rationality and Filter of Irrationality," Departmental Working Papers 0504, Southern Methodist University, Department of Economics.
- John A. List & Daniel Millimet, 2004. "The Market: Catalyst for Rationality and Filter of Irrationality," Levine's Bibliography 122247000000000023, UCLA Department of Economics.
References listed on IDEAS
- James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 475-492, National Bureau of Economic Research, Inc.
- Richard Blundell & Monica Costa Dias, 2009.
"Alternative Approaches to Evaluation in Empirical Microeconomics,"
Journal of Human Resources, University of Wisconsin Press, vol. 44(3).
- Richard Blundell & Monica Costa Dias, 2002. "Alternative approaches to evaluation in empirical microeconomics," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 1(2), pages 91-115, August.
- Richard Blundell & Monica Costa Dias, 2002. "Alternative approaches to evaluation in empirical microeconomics," CeMMAP working papers CWP10/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Richard Blundell & Monica Costa Dias, 2002. "Alternative approaches to evaluation in empirical microeconomics," CeMMAP working papers 10/02, Institute for Fiscal Studies.
- Richard Blundell & Monica Costa Dias, 2008. "Alternative approaches to evaluation in empirical microeconomics," CeMMAP working papers CWP26/08, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Richard Blundell & Mónica Costa Dias, 2008. "Alternative Approaches to Evaluation in Empirical Microeconomics," CEF.UP Working Papers 0805, Universidade do Porto, Faculdade de Economia do Porto.
- Richard Blundell & Monica Costa Dias, 2008. "Alternative approaches to evaluation in empirical microeconomics," CeMMAP working papers 26/08, Institute for Fiscal Studies.
- Blundell, Richard & Costa Dias, Monica, 2008. "Alternative Approaches to Evaluation in Empirical Microeconomics," IZA Discussion Papers 3800, Institute of Labor Economics (IZA).
- Myerson, Roger B. & Satterthwaite, Mark A., 1983.
"Efficient mechanisms for bilateral trading,"
Journal of Economic Theory, Elsevier, vol. 29(2), pages 265-281, April.
- Roger B. Myerson & Mark A. Satterthwaite, 1981. "Efficient Mechanisms for Bilateral Trading," Discussion Papers 469S, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Smith, Vernon L, 1976. "Experimental Economics: Induced Value Theory," American Economic Review, American Economic Association, vol. 66(2), pages 274-279, May.
- Slonim, Robert L., 1999. "Learning rules of thumb or learning more rational rules," Journal of Economic Behavior & Organization, Elsevier, vol. 38(2), pages 217-236, February.
- Gode, Dhananjay K & Sunder, Shyam, 1993.
"Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality,"
Journal of Political Economy, University of Chicago Press, vol. 101(1), pages 119-137, February.
- Gode, D.K. & Sunder, S., 1991. "Allocative Efficiency of Markets with Zero Intelligence (Z1) Traders: Market as a Partial Substitute for Individual Rationality," GSIA Working Papers 1992-16, Carnegie Mellon University, Tepper School of Business.
- K. R. MacCrimmon & M. Toda, 1969. "The Experimental Determination of Indifference Curves," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(4), pages 433-451.
- Vernon L. Smith, 1962.
"An Experimental Study of Competitive Market Behavior,"
Journal of Political Economy, University of Chicago Press, vol. 70(2), pages 111-111.
- Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 322-322.
- Nicholas Georgescu-Roegen, 1950. "The Theory of Choice and the Constancy of Economic Laws," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 64(1), pages 125-138.
- Thomas S. Dee, 2004.
"Teachers, Race, and Student Achievement in a Randomized Experiment,"
The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 195-210, February.
- Thomas S. Dee, 2001. "Teachers, Race and Student Achievement in a Randomized Experiment," NBER Working Papers 8432, National Bureau of Economic Research, Inc.
- Varian, Hal R, 1982. "The Nonparametric Approach to Demand Analysis," Econometrica, Econometric Society, vol. 50(4), pages 945-973, July.
- James J. Heckman & Hidehiko Ichimura & Petra E. Todd, 1997. "Matching As An Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(4), pages 605-654.
- John A. List, 2004.
"Testing Neoclassical Competitive Theory in Multilateral Decentralized Markets,"
Journal of Political Economy, University of Chicago Press, vol. 112(5), pages 1131-1156, October.
- John List, 2004. "Testing neoclassical competitive theory in multi-lateral decentralized markets," Framed Field Experiments 00176, The Field Experiments Website.
- John List, 2004. "Testing Neoclassical Competitive Theory in Multilateral Decentralized Markets," Natural Field Experiments 00490, The Field Experiments Website.
- Keisuke Hirano & Guido W. Imbens & Geert Ridder, 2003.
"Efficient Estimation of Average Treatment Effects Using the Estimated Propensity Score,"
Econometrica, Econometric Society, vol. 71(4), pages 1161-1189, July.
- Keisuke Hirano & Guido W. Imbens & Geert Ridder, 2000. "Efficient Estimation of Average Treatment Effects Using the Estimated Propensity Score," NBER Technical Working Papers 0251, National Bureau of Economic Research, Inc.
- Guido Imbens, 2000. "Efficient Estimation of Average Treatment Effects Using the Estimated Propensity Score," Econometric Society World Congress 2000 Contributed Papers 1166, Econometric Society.
- Rajeev H. Dehejia & Sadek Wahba, 1998. "Causal Effects in Non-Experimental Studies: Re-Evaluating the Evaluation of Training Programs," NBER Working Papers 6586, National Bureau of Economic Research, Inc.
- William T. Harbaugh & Kate Krause & Timothy R. Berry, 2001.
"GARP for Kids: On the Development of Rational Choice Behavior,"
American Economic Review, American Economic Association, vol. 91(5), pages 1539-1545, December.
- Timothy Berry & William Harbaugh & Kate Krause, 2001. "Garp for kids: On the development of rational choice behavior," Artefactual Field Experiments 00056, The Field Experiments Website.
- Millimet, Daniel L. & Tchernis, Rusty, 2009.
"On the Specification of Propensity Scores, With Applications to the Analysis of Trade Policies,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 27(3), pages 397-415.
- Daniel Millimet & Rusty Tchernis, 2006. "On the Specification of Propensity Scores: with Applications to the Analysis of Trade Policies," CAEPR Working Papers 2006-013, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington, revised Jan 2008.
- Samuel Bowles, 1998. "Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 75-111, March.
- Sippel, Reinhard, 1997. "An Experiment on the Pure Theory of Consumer's Behaviour," Economic Journal, Royal Economic Society, vol. 107(444), pages 1431-1444, September.
- repec:feb:framed:0081 is not listed on IDEAS
- Vernon L. Smith, 1965. "Experimental Auction Markets and the Walrasian Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 73(4), pages 387-387.
- Millimet, Daniel L. & Tchernis, Rusty, 2009.
"On the Specification of Propensity Scores, With Applications to the Analysis of Trade Policies,"
Journal of Business & Economic Statistics,
American Statistical Association, vol. 27(3), pages 397-415.
- Daniel Millimet & Rusty Tchernis, 2006. "On the Specification of Propensity Scores: with Applications to the Analysis of Trade Policies," Caepr Working Papers 2006-013_updated, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington, revised Jan 2008.
- John A. List, 2004.
"The Nature and Extent of Discrimination in the Marketplace: Evidence from the Field,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 49-89.
- John List, 2004. "The nature and extent of discrimination in the marketplace: Evidence from the field," Natural Field Experiments 00299, The Field Experiments Website.
- A. Smith, Jeffrey & E. Todd, Petra, 2005.
"Does matching overcome LaLonde's critique of nonexperimental estimators?,"
Journal of Econometrics, Elsevier, vol. 125(1-2), pages 305-353.
- Jeffrey Smith & Petra Todd, 2003. "Does Matching Overcome Lalonde's Critique of Nonexperimental Estimators?," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20035, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
- Phlips, Louis, 1972. "A Dynamic Version of the Linear Expenditure Model," The Review of Economics and Statistics, MIT Press, vol. 54(4), pages 450-458, November.
- Rajeev H. Dehejia & Sadek Wahba, 2002.
"Propensity Score-Matching Methods For Nonexperimental Causal Studies,"
The Review of Economics and Statistics, MIT Press, vol. 84(1), pages 151-161, February.
- Rajeev H. Dehejia & Sadek Wahba, 1998. "Propensity Score Matching Methods for Non-experimental Causal Studies," NBER Working Papers 6829, National Bureau of Economic Research, Inc.
- Tjalling C. Koopmans, 1962. "On Flexibility of Future Preference," Cowles Foundation Discussion Papers 150, Cowles Foundation for Research in Economics, Yale University.
- Pollak, Robert A, 1978. "Endogenous Tastes in Demand and Welfare Analysis," American Economic Review, American Economic Association, vol. 68(2), pages 374-379, May.
- Brown, Murray & Heien, Dale M, 1972. "The S-Branch Utility Tree: A Generalization of the Linear Expenditure System," Econometrica, Econometric Society, vol. 40(4), pages 737-747, July.
- Terence J. Wales, 1971. "A Generalized Linear Expenditure Model of the Demand for Non-durable Goods in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 4(4), pages 471-484, November.
- James Andreoni & John Miller, 2002. "Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism," Econometrica, Econometric Society, vol. 70(2), pages 737-753, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Steven Lehrer & Gregory Kordas, 2013.
"Matching using semiparametric propensity scores,"
Empirical Economics, Springer, vol. 44(1), pages 13-45, February.
- Steven Lehrer & Gregory Kordas, 2004. "Matching using Semiparametric Propensity Scores," Econometric Society 2004 North American Summer Meetings 441, Econometric Society.
- List, John & Millimet, Daniel, "undated". "Bounding the Impact of Market Experience on Rationality: Evidence from a Field Experiment with Imperfect Compliance," Departmental Working Papers 0505, Southern Methodist University, Department of Economics.
- Glenn W. Harrison & John A. List, 2004.
"Field Experiments,"
Journal of Economic Literature, American Economic Association, vol. 42(4), pages 1009-1055, December.
- Glenn Harrison & John List, 2004. "Field experiments," Artefactual Field Experiments 00058, The Field Experiments Website.
- John List & David Reiley, 2008. "Field experiments," Artefactual Field Experiments 00091, The Field Experiments Website.
- Huber, Martin & Lechner, Michael & Wunsch, Conny, 2010.
"How to Control for Many Covariates? Reliable Estimators Based on the Propensity Score,"
IZA Discussion Papers
5268, Institute of Labor Economics (IZA).
- Martin Huber & Michael Lechner & Conny Wunsch, 2010. "How to control for many covariates? Reliable estimators based on the propensity score," University of St. Gallen Department of Economics working paper series 2010 2010-30, Department of Economics, University of St. Gallen.
- Huber, Martin & Lechner, Michael & Wunsch, Conny, 2013. "The performance of estimators based on the propensity score," Journal of Econometrics, Elsevier, vol. 175(1), pages 1-21.
- Richard K. Crump & V. Joseph Hotz & Guido W. Imbens & Oscar A. Mitnik, 2006.
"Moving the Goalposts: Addressing Limited Overlap in the Estimation of Average Treatment Effects by Changing the Estimand,"
NBER Technical Working Papers
0330, National Bureau of Economic Research, Inc.
- Richard K. Crump & V. Joseph Hotz & Guido W. Imbens & Oscar A. Mitnik, 2006. "Moving the Goalposts: Addressing Limited Overlap in Estimation of Average Treatment Effects by Changing the Estimand," Working Papers 0608, University of Miami, Department of Economics.
- Crump, Richard K. & Hotz, V. Joseph & Imbens, Guido W. & Mitnik, Oscar A., 2006. "Moving the Goalposts: Addressing Limited Overlap in Estimation of Average Treatment Effects by Changing the Estimand," IZA Discussion Papers 2347, Institute of Labor Economics (IZA).
- Jochen Kluve & Boris Augurzky, 2007.
"Assessing the performance of matching algorithms when selection into treatment is strong,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(3), pages 533-557.
- Augurzky, Boris & Kluve, Jochen, 2004. "Assessing the Performance of Matching Algorithms When Selection into Treatment Is Strong," IZA Discussion Papers 1301, Institute of Labor Economics (IZA).
- Guido W. Imbens & Jeffrey M. Wooldridge, 2009.
"Recent Developments in the Econometrics of Program Evaluation,"
Journal of Economic Literature, American Economic Association, vol. 47(1), pages 5-86, March.
- Guido Imbens & Jeffrey M. Wooldridge, 2008. "Recent developments in the econometrics of program evaluation," CeMMAP working papers CWP24/08, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Wooldridge, Jeffrey M. & Imbens, Guido, 2009. "Recent Developments in the Econometrics of Program Evaluation," Scholarly Articles 3043416, Harvard University Department of Economics.
- Imbens, Guido W. & Wooldridge, Jeffrey M., 2008. "Recent Developments in the Econometrics of Program Evaluation," IZA Discussion Papers 3640, Institute of Labor Economics (IZA).
- Guido M. Imbens & Jeffrey M. Wooldridge, 2008. "Recent Developments in the Econometrics of Program Evaluation," NBER Working Papers 14251, National Bureau of Economic Research, Inc.
- Peter R. Mueser & Kenneth R. Troske & Alexey Gorislavsky, 2007.
"Using State Administrative Data to Measure Program Performance,"
The Review of Economics and Statistics, MIT Press, vol. 89(4), pages 761-783, November.
- Peter R. Mueser & Kenneth Troske & Alexey Gorislavsky, 2003. "Using State Administrative Data to Measure Program Performance," Working Papers 0309, Department of Economics, University of Missouri.
- Mueser, Peter R. & Troske, Kenneth & Gorislavsky, Alexey, 2003. "Using State Administrative Data to Measure Program Performance," IZA Discussion Papers 786, Institute of Labor Economics (IZA).
- Peter R. Mueser & Kenneth R. Troske & Alexey Gorislavsky, 2007. "Using State Administrative Data to Measure Program Performance," Working Papers 0702, Department of Economics, University of Missouri.
- Ferraro, Paul J. & Miranda, Juan José, 2014. "The performance of non-experimental designs in the evaluation of environmental programs: A design-replication study using a large-scale randomized experiment as a benchmark," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PA), pages 344-365.
- Marco Caliendo & Sabine Kopeinig, 2008.
"Some Practical Guidance For The Implementation Of Propensity Score Matching,"
Journal of Economic Surveys, Wiley Blackwell, vol. 22(1), pages 31-72, February.
- Caliendo, Marco & Kopeinig, Sabine, 2005. "Some Practical Guidance for the Implementation of Propensity Score Matching," IZA Discussion Papers 1588, Institute of Labor Economics (IZA).
- Marco Caliendo & Sabine Kopeinig, 2005. "Some Practical Guidance for the Implementation of Propensity Score Matching," Discussion Papers of DIW Berlin 485, DIW Berlin, German Institute for Economic Research.
- Cadot, Olivier & Fernandes, Ana M. & Gourdon, Julien & Mattoo, Aaditya, 2015.
"Are the benefits of export support durable? Evidence from Tunisia,"
Journal of International Economics, Elsevier, vol. 97(2), pages 310-324.
- Cadot, Olivier & Fernandes, Ana M. & Gourdon, Julien & Mattoo, Aaditya, 2012. "Are the benefits of export support durable ? evidence from Tunisia," Policy Research Working Paper Series 6295, The World Bank.
- Olivier Cadot & Ana M. Fernandes & Julien Gourdon & Aaditya Mattoo, 2012. "Are the Benefits of Export Support Durable? Evidence from Tunisia," Working Papers 2012-30, CEPII research center.
- Mattoo, Aaditya & Cadot, Olivier & Gourdon, Julien & Fernandes, Ana Margarida, 2013. "Are the Benefits of Export Support Durable? Evidence from Tunisia," CEPR Discussion Papers 9758, C.E.P.R. Discussion Papers.
- Olivier CADOT & Ana FERNANDES & Julien GOURDON & Aaditya MATTOO, 2013. "Are the Benefits of Export Support Durable? Evidence from Tunisia," Working Papers P80, FERDI.
- Julien Gourdon & Olivier Cadot & Ana Fernandes & Aaditya Mattoo, 2015. "Are the benefits of export support durable? Evidence from Tunisia," Post-Print hal-03410086, HAL.
- Olivier CADOT & Ana FERNANDES & Julien GOURDON & Aaditya MATTOO, 2013. "Are the Benefits of Export Support Durable? Evidence from Tunisia," Working Papers P80, FERDI.
- Bart, COCKX & Jean, RIES, 2004.
"The Exhaustion of Unemployment Benefits in Belgium. Does it Enhance the Probability of Employment ?,"
LIDAM Discussion Papers IRES
2004016, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Cockx, Bart & Ries, Jean, 2004. "The Exhaustion of Unemployment Benefits in Belgium: Does it Enhance the Probability of Employment?," IZA Discussion Papers 1177, Institute of Labor Economics (IZA).
- Bart Cockx & Jean Ries, 2004. "The Exhaustion of Unemployment Benefits in Belgium. Does it Enhance the Probability of Employment?," CESifo Working Paper Series 1226, CESifo.
- Jose C. Galdo & Jeffrey Smith & Dan Black, 2008.
"Bandwidth Selection and the Estimation of Treatment Effects with Unbalanced Data,"
Annals of Economics and Statistics, GENES, issue 91-92, pages 189-216.
- Galdo, Jose C. & Smith, Jeffrey A. & Black, Dan A., 2007. "Bandwidth Selection and the Estimation of Treatment Effects with Unbalanced Data," IZA Discussion Papers 3095, Institute of Labor Economics (IZA).
- Advani, Arun & Sloczynski, Tymon, 2013.
"Mostly Harmless Simulations? On the Internal Validity of Empirical Monte Carlo Studies,"
IZA Discussion Papers
7874, Institute of Labor Economics (IZA).
- Advani, Arun & Kitagawa, Toru & Sloczynski, Tymon, 2018. "Mostly Harmless Simulations? On the Internal Validity of Empirical Monte Carlo Studies," IZA Discussion Papers 11862, Institute of Labor Economics (IZA).
- Arun Advani & Toru Kitagawa & Tymon Sloczynski, 2018. "Mostly Harmless Simulations? On the Internal Validity of Empirical Monte Carlo Studies," Working Papers 124, Brandeis University, Department of Economics and International Business School.
- Arun Advani & Toru Kitagawa & Tymon Sloczynski, 2018. "Mostly harmless simulations? On the internal validity of empirical Monte Carlo studies," CeMMAP working papers CWP56/18, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Arun Advani & Tymon Sloczynski, 2013. "Mostly harmless simulations? On the internal validity of empirical Monte Carlo studies," CeMMAP working papers CWP64/13, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Arun Advani & Tymon Słoczyński, 2013. "Mostly harmless simulations? On the internal validity of empirical Monte Carlo studies," CeMMAP working papers 64/13, Institute for Fiscal Studies.
- Richard K. Crump & V. Joseph Hotz & Guido W. Imbens & Oscar A. Mitnik, 2009.
"Dealing with limited overlap in estimation of average treatment effects,"
Biometrika, Biometrika Trust, vol. 96(1), pages 187-199.
- Richard K. Crump & V. Joseph Hotz & Guido W. Imbens & Oscar A. Mitnik, 2004. "Dealing with Limited Overlap in Estimation of Average Treatment Effects," Working Papers 0716, University of Miami, Department of Economics, revised 12 Jun 2007.
- Hotz, V. Joseph & Crump, Richard K. & Mitnik, Oscar A. & Imbens, Guido, 2009. "Dealing with Limited Overlap in Estimation of Average Treatment Effects," Scholarly Articles 3007645, Harvard University Department of Economics.
- San Miguel, Fernando & Ryan, Mandy & Scott, Anthony, 2002. "Are preferences stable? The case of health care," Journal of Economic Behavior & Organization, Elsevier, vol. 48(1), pages 1-14, May.
- Kornelius Kraft & Julia Lang, 2016. "Just a Question of Selection? The Causal Effect of Profit Sharing on a Firm's Performance," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 55(3), pages 444-467, July.
- Asadul Islam Author-X-Name-Asadul, 2008. "Who Benefits From Microfinance? The Impact Evaluation Of Large Scale Programs In Bangladesh," Monash Economics Working Papers 29/08, Monash University, Department of Economics.
- Sant’Anna, Pedro H.C. & Song, Xiaojun, 2019.
"Specification tests for the propensity score,"
Journal of Econometrics, Elsevier, vol. 210(2), pages 379-404.
- Pedro H. C. Sant'Anna & Xiaojun Song, 2016. "Specification Tests for the Propensity Score," Papers 1611.06217, arXiv.org, revised Feb 2019.
More about this item
JEL classification:
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:feb:framed:00179. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Francesca Pagnotta (email available below). General contact details of provider: http://www.fieldexperiments.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.