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Peter Andre

@peterandre.bsky.social

1.2K followers 270 following 19 posts

Behavioral Economist, SAFE Frankfurt www.peter-andre.com

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Peter Andre @peterandre.bsky.social · 15/11/2024

📄 Dive into the paper for the full story: Quick-Fixing: Near-Rationality in Consumption Savings Behavior with Joel Flynn, George Nikalakoudis (who is on the job market!), and Karthik Sastry papers.ssrn.com/sol3/papers....

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Peter Andre @peterandre.bsky.social · 15/11/2024

68% of households follow one of four simple quick-fix consumption rules for small shocks: Consumption fixers: MPC = 0 (save everything) Savings fixers: MPC = 1 (spend everything) Consumption prioritizers: MPC = 1 for gains but 0 for losses Savings prioritizers: MPC = 0 for gains but 1 for losses

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Peter Andre @peterandre.bsky.social · 15/11/2024

Survey evidence from 5,000 US households reveals what these quick-fixes look like. Most households choose extreme MPCs of 0 or 1 for small shocks but transition to moderate and stable interior MPCs for larger shocks, generating the “bowtie” shape of the MPC distribution below.

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Peter Andre @peterandre.bsky.social · 15/11/2024

🚨 New paper for #EconSky 🚨 Do you rethink your entire consumption-saving strategy every time your income fluctuates? Or do you prefer … Quick-Fixing: Near-Rationality in Consumption Savings Behavior, w/ Joel Flynn, George Nikalakoudis, and Karthik Sastry papers.ssrn.com/sol3/papers.... 🧵 below.

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Peter Andre @peterandre.bsky.social · 09/02/2024

Hello world! We can share some good news today. 🌍 Support for climate action is widespread across the globe and much larger than it is perceived. 🌍 Our new article is out in Nature Climate Change: www.nature.com/articles/s41... w/ Teodora Boneva, @felixchopra.bsky.social, Armin Falk

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Peter Andre @peterandre.bsky.social · 04/10/2023

New paper! w/ Philipp Schirmer @johanneswohlfart.bsky.social Stock markets revolve around return expectations which traders form in light of their deeper understanding – their mental model – of the market ... which we know very little about. Time to change this! drive.google.com/file/d/1-_VP...

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