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Beliefs, Attention, and Investments in Early Childhood

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NBER2026-05-01 更新2026-05-09 收录
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We develop a model of parental investment in early childhood in which bandwidth-constrained parents hold distorted beliefs about the returns to responsive interaction. When capacity falls short of aspiration, motivated reasoning provides relief: the parent distorts her working belief downward,

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2026-05-01
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