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When Incentives Matter Too Much: Explaining Significant Responses to Irrelevant Information

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NBER2014-07-01 更新2025-01-04 收录
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When economic agents make decisions on the basis of an information set containing both a continuous variable and a discrete signal based on that variable, theory suggests that the signal should have no bearing on behavior conditional on the variable itself. Numerous empirical studies, many based on

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2014-07-01
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