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Peter Andre @peterandre.bsky.social · 11/12/2024

Thanks, Stephanie. I would be happy to join the list, too.

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Peter Andre @peterandre.bsky.social · 08/12/2024

Don’t forget to apply for the Early Career Behavioral Economics Conference 👇👇

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Reposted by Peter Andre

Felix Chopra @felixchopra.bsky.social · 25/11/2024

🚨 8th Economics of Media Bias Workshop 2025 🚨 Working on media economics? Check out the call, help spread the word to your colleagues and submit your exciting work! Frankfurt, May 8-9 Keynote by Elliott Ash More infos: mediabiasworkshop.org/event/8th-ec... #EconSky #MediaBias

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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

A calibrated model based on our survey generates 3x more size-dependence in aggregate consumption responses to transfer shocks than the rational benchmark.

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

Households' quick-fixing types account for 49% of the variance in MPCs across households, despite not being predictable by other demographic and economic information.

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

… before they abruptly switch to similar consumption policies for large shocks.

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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

Our model shows that even small reoptimization costs can lead to large deviations from rational behavior (Akerlof and Yellen, 1985). The result? Households often rely on "quick-fixes": simple, approximate solutions.

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

Do you rethink your entire consumption-saving strategy every time your income fluctuates? Probably not! Like most of us, you might prefer simple "quick fixes" to fully reoptimizing. We explore this near-rationality in household behavior and embed it into a standard consumption-savings model.

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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 · 24/09/2024

📢 Early-Career Behavioral Economics Conference 2025 📢 Check out the call, help spread the word to your early-career colleagues, and submit your wonderful papers! Hosted by FAIR, Bergen, June 19-20, 2025 More info: sites.google.com/site/ecbecon...

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Reposted by Peter Andre

The Review of Economic Studies (REStud) @reveconstudies.bsky.social · 10/04/2024

Do we hold others responsible for their choices even when these choices have been shaped by unfair unequal circumstances? Yes, we do, suggests "Shallow Meritocracy" from Peter Andre @peterandre.bsky.social, recently accepted at REStud. www.restud.com/shallow-meri...

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Reposted by Peter Andre

Carbon Brief @carbonbrief.org · 20/02/2024

Interview: Why global support for climate action is ‘systematically underestimated’ | @drsimevans.bsky.social w/comment from @peterandre.bsky.social Teodora Boneva @felixchopra.bsky.social Armin Falk Read here: bit.ly/3SNthhV

Climate march in Edinburgh. Credit: PA Images / Alamy Stock Photo

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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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Reposted by Peter Andre

Christine Laudenbach @claudenbach.bsky.social · 19/12/2023

Young researchers in Behavioral Finance - please apply and share - we are very excited to post our call for research proposals for several research grants of 5,000 EUR! More details can be found here: www.behavioral-finance.de/grant/

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Reposted by Peter Andre

Henning Hermes @henninghermes.com · 06/10/2023

Amazing news, and wow, what a great pick for everyone in experimental and behavioral with Chris Roth (not here yet, I guess?)! Congrats 🥳🥳🥳 mailchi.mp/eeassoc.org/...

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Peter Andre @peterandre.bsky.social · 06/10/2023

Shout-out to the past organizers and initiators of this event, the founding mothers and fathers: Kai Barron, Teodora Boneva, Stephanie Heger, Silvia Saccardo, and Paolina Medina. A big thank you for the great work over the last years!

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Peter Andre @peterandre.bsky.social · 06/10/2023

Contributions from all areas and applications of behavioral economics are welcome, including empirical and theoretical research. Organizing committee: Cuimin Ba, Luca Henkel, Mattie Toma, and me.

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Peter Andre @peterandre.bsky.social · 06/10/2023

Early-Career Behavioral Economics Conference 2024 Check out the call, help spread the word to your early-career colleagues, and submit your wonderful papers! Bonn, briq, July 1–2 More infos sites.google.com/site/ecbecon... #ECBE2024 #EconSky 📉📈

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

Check out the paper at drive.google.com/file/d/1-_VP...

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

We find that disagreement in return expectations has deep roots: mental models of the stock market differ across economic agents. And they can drastically differ from standard economic theories among important groups of households and professionals who advise and trade for them.

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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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