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Inequality: an introduction
I grew up in India, and it was a mess. I saw poverty and inequality right there in front of me. For my graduate studies, I went to the United States, to Northwestern. So I learned Gérard Debreu's theory of value and Kenneth ...
Ambiguity Aversion and Household Portfolio Choice Puzzles: Empirical Evidence
We test the relation between ambiguity aversion and five household portfolio choice puzzles: nonparticipation in equities, low allocations to equity, home-bias, own-company stock ownership, and portfolio under-diversification. ...
Slowing down in the good old days : the effect of nostalgia on consumer patience
Nostalgia, which is induced by reminiscing about a positive past experience, can counteract loneliness and promote prosocial behavior. However, the process of recalling and thinking about a nostalgic experience can have ...