Dispersed Behavior and Perceptions in Assortative Societies … Dispersed Behavior and Perceptions in Assortative Societies Discussion Paper 301393 301394 152351 We formulate a model of social interactions and misinferences by agents who neglect …

Lookalike Targeting on Others' Journeys: Brand Versus Performance Marketing … Lookalike Targeting on Others' Journeys: Brand Versus Performance Marketing Discussion Paper 19566 Lookalike Targeting is a widely used model-based ad targeting approach that …

The Evolution of ‘Theory of Mind:’ Theory and Experiments … The Evolution of ‘Theory of Mind:’ Theory and Experiments Discussion Paper 149750 149751 149899 This paper provides an evolutionary foundation for our capacity to attribute preferences to others. …

Nash and Walras Equilibrium via Brouwer … Nash and Walras Equilibrium via Brouwer Discussion Paper 19471 The existence of Nash and Walras equilibrium is proved via Brouwer’s Fixed Point Theorem, without recourse to Kakutani’s Fixed Point Theorem for …

Nash and Walras Equilibrium via Brouwer … Nash and Walras Equilibrium via Brouwer Discussion Paper 19471 The existence of Nash and Walras equilibrium is proved via Brouwer’s Fixed Point Theorem, without recourse to Kakutani’s Fixed Point Theorem for …

Nash and Walras Equilibrium Via Brouwer … Nash and Walras Equilibrium Via Brouwer Discussion Paper 19471 The existence of Nash and Walras equilibrium is proved via Brouwer’s Fixed Point Theorem, without recourse to Kakutani’s Fixed Point Theorem for …

Default, Efficiency and Uniqueness … Default, Efficiency and Uniqueness Discussion Paper 149647 149648 19500 An adequate description of economic dynamics requires the introduction of a monetary system including default penalties and expectations in a …

Mean-Dispersion Preferences and Constant Absolute Uncertainty Aversion … Mean-Dispersion Preferences and Constant Absolute Uncertainty Aversion Discussion Paper 149825 149826 We axiomatize, in an Anscombe-Aumann framework, the class of preferences that …

Why is Pollution from U.S. Manufacturing Declining? The Roles of Trade, Regulation, Productivity, and Preferences … Why is Pollution from U.S. Manufacturing Declining? The Roles of Trade, Regulation, Productivity, and Preferences Discussion Paper Between …

Weak Convergence to Stochastic Integrals for Econometric Applications … Weak Convergence to Stochastic Integrals for Econometric Applications Discussion Paper 149719 149720 149546 Limit theory involving stochastic integrals is now widespread in time …

Financial Bubble Implosion … Financial Bubble Implosion Discussion Paper 149319 Expansion and collapse are two key features of a financial asset bubble. Bubble expansion may be modeled using a mildly explosive process. Bubble implosion may take several …

End-of-Sample Instability Tests … End-of-Sample Instability Tests Discussion Paper This paper considers tests for structural instability of short duration, such as at the end of the sample. The key feature of the testing problem is that the number, m , of …

New Goodness-of-fit Diagnostics for Conditional Discrete Response Models … New Goodness-of-fit Diagnostics for Conditional Discrete Response Models Discussion Paper 149547 149669 This paper proposes new specification tests for conditional models with …

The Evolution of ‘Theory of Mind’: Theory and Experiments … The Evolution of ‘Theory of Mind’: Theory and Experiments Discussion Paper 149750 149751 149899 This paper investigates the evolutionary foundation for our capacity to attribute preferences to …

An Estimation of Economic Models with Recursive Preferences … An Estimation of Economic Models with Recursive Preferences Discussion Paper 19468 149775 149776 This paper presents estimates of key preference parameters of the Epstein and Zin (1989, 1991) …