Andreas D. Pape

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We introduce a computer program which calculates an agent’s optimal behavior according to Casebased Decision Theory (Gilboa and Schmeidler 1995) and use it to test CBDT against a benchmark set of problems from the psychological literature on human classification learning (Shepard, Hovland, and Jenkins 1961). This allows us to evaluate the efficacy of CBDT(More)
a Department of Environmental and Natural Resource Economics, University of Rhode Island, 219 Coastal Institute, 1 Greenhouse Road, Kingston, RI 02881, United States b Department of Economics, P.O. Box 6000, Binghamton University, Binghamton, NY 13902-6000, United States c Department of Economics and Environmental Studies Program, LT 1004, P.O. Box 6000,(More)
In this paper we show Case-based Decision Theory (Gilboa and Schmeidler, 1995) can explain the aggregate dynamics of cooperation in the repeated Prisoner’s Dilemma, as observed in the experiments performed by Camera and Casari (2009). Moreover, we find CBDT provides a better fit to the dynamics of cooperation than does the existing Probit model, which is(More)
Interest in the effects of the minimum wage on teenagers’ school enrollment has grown in recent years. This issue is of increasing importance given recent calls for increasing the minimum wage. Some authors argue that higher minimum wages will hurt teenagers by lowering their school enrollment. In this paper we estimate the effects of higher minimum wages(More)
Agents with the same information and same preferences can make different choices. Agents differ not only with respect to their preferences and information, but their causal interpretations of that information. This can lead to what agents with the correct causal model would perceive as “irrational mistakes” committed by others. I apply an axiomatic(More)