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Essays on the Economics and Psycholo...

Alipour, Payam.

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Essays on the Economics and Psychology of Correlated Multidimensional Heterogeneity in Agents' Preferences and Abilities.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Essays on the Economics and Psychology of Correlated Multidimensional Heterogeneity in Agents' Preferences and Abilities./
作者:	Alipour, Payam.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2020,
面頁冊數:	75 p.
附註:	Source: Dissertations Abstracts International, Volume: 82-04, Section: B.
Contained By:	Dissertations Abstracts International82-04B.
標題:	Psychology. -
電子資源:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28086084
ISBN:	9798672150390

Essays on the Economics and Psychology of Correlated Multidimensional Heterogeneity in Agents' Preferences and Abilities.
Alipour, Payam.

Essays on the Economics and Psychology of Correlated Multidimensional Heterogeneity in Agents' Preferences and Abilities. - Ann Arbor : ProQuest Dissertations & Theses, 2020 - 75 p.

Source: Dissertations Abstracts International, Volume: 82-04, Section: B.

Thesis (Ph.D.)--University of Minnesota, 2020.

This item must not be sold to any third party vendors.

Research in economics and psychology has shown that individuals are heterogeneous in their (economically relevant) innate preferences and abilities, and also that heterogeneity along different dimensions is correlated in systematic ways. In the present thesis, I focus on various aspects of a concept in multi-dimensional heterogeneity that may be called the 'Positive Manifold': The fact that many of the different factors contributing to earnings inequality between individuals (e.g. cognitive ability, risk tolerance, industriousness, patience, etc.) are observed to be positively correlated in the population. In Chapter 1, I attempt to build a bridge between the sometimes-disconnected economics and psychology literatures and conclude by arguing that some dimensions of the Positive Manifold have not received sufficient attention in economic models. In Chapter 2, I explore the implications of the Positive Manifold for one important class of those models in more detail: I show that the positive correlation between cognitive ability and risk tolerance limits the capacity of the labor income tax to mitigate inequality/raise revenue in a Mirrleesian framework, even in deterministic settings. I conclude the thesis by proposing, in Chapter 3, a novel evolutionary-economic model that can explain how the aforementioned correlation might have evolved as a result of natural selection in our ancestral environment.

ISBN: 9798672150390Subjects--Topical Terms:

519075
Psychology.
Subjects--Index Terms:

Multidimensional heterogeneity

Essays on the Economics and Psychology of Correlated Multidimensional Heterogeneity in Agents' Preferences and Abilities.
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300 $a 75 p.
500 $a Source: Dissertations Abstracts International, Volume: 82-04, Section: B.
500 $a Advisor: Rustichini, Aldo.
502 $a Thesis (Ph.D.)--University of Minnesota, 2020.
506 $a This item must not be sold to any third party vendors.
520 $a Research in economics and psychology has shown that individuals are heterogeneous in their (economically relevant) innate preferences and abilities, and also that heterogeneity along different dimensions is correlated in systematic ways. In the present thesis, I focus on various aspects of a concept in multi-dimensional heterogeneity that may be called the 'Positive Manifold': The fact that many of the different factors contributing to earnings inequality between individuals (e.g. cognitive ability, risk tolerance, industriousness, patience, etc.) are observed to be positively correlated in the population. In Chapter 1, I attempt to build a bridge between the sometimes-disconnected economics and psychology literatures and conclude by arguing that some dimensions of the Positive Manifold have not received sufficient attention in economic models. In Chapter 2, I explore the implications of the Positive Manifold for one important class of those models in more detail: I show that the positive correlation between cognitive ability and risk tolerance limits the capacity of the labor income tax to mitigate inequality/raise revenue in a Mirrleesian framework, even in deterministic settings. I conclude the thesis by proposing, in Chapter 3, a novel evolutionary-economic model that can explain how the aforementioned correlation might have evolved as a result of natural selection in our ancestral environment.
590 $a School code: 0130.
650 4 $a Psychology. $3 519075
650 4 $a Evolution & development. $3 3172418
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653 $a Positive Manifold
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690 $a 0412
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