Antonio Sampayo
@sampayo.bsky.social
Associate professor of Economics. University of Santiago de Compostela
https://arsmpyo.wixsite.com/sampayo
https://arsmpyo.wixsite.com/sampayo
Reposted by Antonio Sampayo
Just released a new working paper with brilliant Brown grad student Finn Schüle. While teaching second-year graduate students about the Forward Guidance Puzzle, we came to the conclusion that the FGP was... errr... not very puzzling... 1/
www.nber.org/papers/w33180
www.nber.org/papers/w33180
The Forward Guidance Puzzle is not a Puzzle
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
November 25, 2024 at 5:39 PM
Just released a new working paper with brilliant Brown grad student Finn Schüle. While teaching second-year graduate students about the Forward Guidance Puzzle, we came to the conclusion that the FGP was... errr... not very puzzling... 1/
www.nber.org/papers/w33180
www.nber.org/papers/w33180
Reposted by Antonio Sampayo
I like Ryan’s paper and (obviously) I think complexity matters for behavior.
But I think Florian’s updating too much from one experiment. I want to see replications and results from ‘nearby’ designs before saying the lottery anomalies have nothing to do with risk.
But I think Florian’s updating too much from one experiment. I want to see replications and results from ‘nearby’ designs before saying the lottery anomalies have nothing to do with risk.
Some of the most important lottery anomalies from the behavioral risk literature (e.g., probability weighting and loss aversion) actually have nothing to do with risk.
They also arise in perfectly deterministic settings.
Lead article in the latest AER issue:
www.aeaweb.org/articles?id=...
November 28, 2024 at 4:36 PM
I like Ryan’s paper and (obviously) I think complexity matters for behavior.
But I think Florian’s updating too much from one experiment. I want to see replications and results from ‘nearby’ designs before saying the lottery anomalies have nothing to do with risk.
But I think Florian’s updating too much from one experiment. I want to see replications and results from ‘nearby’ designs before saying the lottery anomalies have nothing to do with risk.
Reposted by Antonio Sampayo
People endogenously allocate more attention to thinking about prices in high inflation environments; which they hate doing because they don’t like complexity.
A plausible reason people hate inflation so much
Sort of remarkable how far “thinking is costly” can take you
A plausible reason people hate inflation so much
Sort of remarkable how far “thinking is costly” can take you
November 28, 2024 at 3:52 PM
People endogenously allocate more attention to thinking about prices in high inflation environments; which they hate doing because they don’t like complexity.
A plausible reason people hate inflation so much
Sort of remarkable how far “thinking is costly” can take you
A plausible reason people hate inflation so much
Sort of remarkable how far “thinking is costly” can take you
Reposted by Antonio Sampayo
On Fiscal Dominance, a classic is Sargent-Wallace "Unpleasant Monetarist Arithmetic" in the QR. 💵
In this QR note I celebrate and revisit it. I show their spectacular example relies on being on the wrong side of a Laffer curve. I offer a variant that strengthens their conclusions.
t.co/gGRDafQ01V
In this QR note I celebrate and revisit it. I show their spectacular example relies on being on the wrong side of a Laffer curve. I offer a variant that strengthens their conclusions.
t.co/gGRDafQ01V
November 15, 2024 at 10:11 PM
On Fiscal Dominance, a classic is Sargent-Wallace "Unpleasant Monetarist Arithmetic" in the QR. 💵
In this QR note I celebrate and revisit it. I show their spectacular example relies on being on the wrong side of a Laffer curve. I offer a variant that strengthens their conclusions.
t.co/gGRDafQ01V
In this QR note I celebrate and revisit it. I show their spectacular example relies on being on the wrong side of a Laffer curve. I offer a variant that strengthens their conclusions.
t.co/gGRDafQ01V