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A general model of the behavioral response to taxation
In: NBER working paper series 6582
Behavioral and Descriptive Forms of Choice Models
In: NBER Working Paper No. w20022
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Condorcet Efficiency and the Behavioral Model of the Vote
In: The journal of politics: JOP, Band 59, Heft 4, S. 1252-1263
ISSN: 1468-2508
Are behavioral asset-pricing models structural?
In: Journal of Monetary Economics, Band 49, Heft 1, S. 215-228
Longitudinal models in the behavioral and related sciences
In: European association of methodology series
Candidate Equilibrium and the Behavioral Model of the Vote
In: American political science review, Band 84, Heft 4, S. 1103
ISSN: 0003-0554
A Model of Influencer Economy
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Behavioral finance and capital markets: how psychology influences investors and corporations
"Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance."--Publisher's description.
A Behavioral Model of Coalition Formation: The French Apparentements Of 1951
In: The journal of conflict resolution: journal of the Peace Science Society (International), Band 20, Heft 4, S. 563-588
ISSN: 1552-8766
The 1951 elections for the French National Assembly permitted the formation of distinct formalized coalitions in each of 95 multimember districts. The resulting coalition outcomes are analyzed via a behavioral model that emphasizes real-time constraints that are largely ignored by formal game theory. Other major features of the model include: (1) coalitions are built incrementally and without defection until a coalition controls a majority of the votes; (2) offers to prospective partners are constrained by a graph that represents ideological and other constraints; (3) offers are made probabilistically, proportional to the votes controlled by the potential allies; (4) reciprocated offers are necessary and sufficient for a coalition to form. Estimated with data from districts with five or fewer coalescable parties or lists, the model is validated on districts with six parties or lists. The model has modest explanatory power, its major failure suggesting the influence of political forces at the national level that are beyond the scope of the district level model. Quite speculatively, these national forces may have been essential to preventing De Gaulle's coming to power in 1951. The model attests to both ideological and opportunistic facets of Fourth Republic politics.
Influence of δ-opioid receptors in the behavioral effects of nicotine
Multiple studies in animal models and humans suggest that the endogenous opioid system is an important neurobiological substrate for nicotine addictive properties. In this study, we evaluated the participation of δ-opioid receptors in different behavioral responses of nicotine by using δ-opioid receptor knockout mice. Acute nicotine administration induced hypolocomotion and antinociception in wild-type mice, which were similar in knockout animals. The development of tolerance to nicotine-induced antinociception was also similar in both genotypes. In agreement, the expression and functional activity of δ-opioid receptors were not modified in the different layers of the spinal cord and brain areas evaluated after chronic nicotine treatment. The somatic manifestation of the nicotine withdrawal syndrome precipitated by mecamylamine was also similar in wild-type and δ-opioid receptor knockout mice. In contrast, nicotine induced a conditioned place preference in wild-type animals that was abolished in knockout mice. Moreover, a lower percentage of acquisition of intravenous nicotine self-administration was observed in mice lacking δ-opioid receptors as well as in wild-type mice treated with the selective δ-opioid receptor antagonist naltrindole. Accordingly, in-vivo microdialysis studies revealed that the enhancement in dopamine extracellular levels induced by nicotine in the nucleus accumbens was reduced in mutant mice. In summary, the present results show that δ-opioid receptors are involved in the modulation of nicotine rewarding effects. However, this opioid receptor does not participate either in several acute effects of nicotine or in the development of tolerance and physical dependence induced by chronic nicotine administration. ; This work was supported by the Spanish "Ministerio de Ciencia e Innovación"/n(#SAF2007-64062 and #SAF-2011-29864), the "Instituto de Salud Carlos III" grants/n#PI07/0559, #PI10/00316 and #RD06/001/001, the "Plan Nacional Sobre Drogas"/n(#2009/026), the Catalan Government (SGR2009-00131), and the ICREA Foundation/n(ICREA Academia Award-2008) to R.M. Partial support of FEDER funds is also acknowledged.
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Estimation of heuristic switching in behavioral macroeconomic models
In: This is a pre-print of an article published in the Journal of Economic Dynamics and Control (2023). The final authenticated version is available online at DOI: doi.org/10.1016/j.jedc.2022.104585
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