Browsing FAS Scholarly Articles by Author "Gabaix, Xavier"
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The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation Agarwal, Sumit; Driscoll, John C.; Gabaix, Xavier; Laibson, David I. (Brookings Institution Press, 2009)Many consumers make poor financial choices and older adults are particularly vulnerable to such errors. About half of the population between ages 80 and 89 either has dementia or a medical diagnosis of “cognitive impairment ...
Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets Gabaix, Xavier; Laibson, David I. (MIT Press, 2006)Bayesian consumers infer that hidden add-on prices (e.g., the cost of ink for a printer) are likely to be high prices. If consumers are Bayesian, firms will not shroud information in equilibrium. However, shrouding may ...
The 6D Bias and the Equity-Premium Puzzle Gabaix, Xavier; Laibson, David (University of Chicago Press, 2001)