2024
DOI: 10.3982/ecta21528
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Presidential Address: Economics and Measurement: New Measures to Model Decision Making

Ingvild Almås,
Orazio Attanasio,
Pamela Jervis

Abstract: Most empirical work in economics has considered only a narrow set of measures as meaningful and useful to characterize individual behavior, a restriction justified by the difficulties in collecting a wider set. However, this approach often forces the use of strong assumptions to estimate the parameters that inform individual behavior and identify causal links. In this paper, we argue that a more flexible and broader approach to measurement could be extremely useful and allow the estimation of richer and more r… Show more

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