“...According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i) reduction of uncertainty by...”

“...This paper develops a continuous variant of the theory of social custom of Akerlof (Q. J. Econom. 94 (1980) 749) to model the impact of a traditional household...”

“...Two recent papers argue that many results based on ordinal reports of happiness can be reversed with suitable monotonic increasing transformations of the...”

“...This paper develops a dynamic labor supply model based on unstable bandwagon and habit effects. It possesses multiple long-run equilibria and exhibits...”

“...This paper investigates the implications of a general model of locally unstable habit formation with respect to consumption, household time and corporate time...”