What Makes a Rule Complex?

IF 10.5 1区 经济学 Q1 ECONOMICS
Ryan Oprea
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引用次数: 42

Abstract

We study the complexity of rules by paying experimental subjects to implement a series of algorithms and then eliciting their willingness-to-pay to avoid implementing them again in the future. The design allows us to examine hypotheses from the theoretical “automata” literature about the characteristics of rules that generate complexity costs. We find substantial aversion to complexity and a number of regularities in the characteristics of rules that make them complex and costly for subjects. Experience with a rule, the way a rule is represented, and the context in which a rule is implemented (mentally versus physically) also influence complexity. (JEL C73, D11, D12, D83, D91)
是什么让规则变得复杂?
我们研究规则的复杂性,方法是付钱给实验对象来实现一系列算法,然后激发他们的付费意愿,以避免将来再次实现这些算法。该设计使我们能够检验理论“自动机”文献中关于产生复杂性成本的规则特征的假设。我们发现,在规则的特征中,人们对复杂性和许多规律性有着强烈的厌恶,这些特征使它们对主体来说既复杂又昂贵。规则的经验、规则的表示方式以及规则的实施环境(心理上与身体上)也会影响复杂性。(JEL C73,D11,D12,D83,D91)
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来源期刊
CiteScore
18.60
自引率
2.80%
发文量
122
期刊介绍: The American Economic Review (AER) stands as a prestigious general-interest economics journal. Founded in 1911, it holds the distinction of being one of the nation's oldest and most esteemed scholarly journals in economics. With a commitment to academic excellence, the AER releases 12 issues annually, featuring articles that span a wide spectrum of economic topics.
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