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Constant returns to scale are mostly mathematical convenience. Empirically they can occur but there is no guarantee that they will. Although you should note that Solow model can be tweaked to accommodate both increasing and decreasing returns to scale. See Neto, Claeyssen, & JĂșnior (2019) paper as an example of people doing that, so this assumption is ...


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A first, basic approach approach could be optimal foraging theory: To maximize fitness, an animal adopts a foraging strategy that provides the most benefit (energy) for the lowest cost, maximizing the net energy gained. Here is a case for studying animal behaviour to better understand human behaviour: Why we should use animals to study economic decision ...


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It seems that there is already some prior work on theory of gamification from game theory perspective. For example, Easley & Ghosh (2016), provide theory on optimal badge design even explicitly mentioning sites like StackOverflow and their paper seems to be highly cited. Hamari, Huotari & Tolvanen (2015) have article titled "Gamification and ...


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Jan Philipp Dapprich did something like this in his PhD-Thesis. For an introductory read, his blog might be a little more accessible, this article is a good start. His research, in short, is based on the assumption that the drastic increase in computational power during the last decades can be harnessed to fix some of the flaws of the planning performed in ...


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I know a bunch of people who teach behavioral economics using Erik Angner's book. I love Rani Spiegler's book on behavioral economics in IO called "Bounded Rationality and Industrial Organization." Both books will introduce models that can be applied to poker. Perhaps a little lighter but still scientific readings would be Kahneman's "Thinking,...


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Is this legit and what is the rational behind this? Yes you will find this even as a recommendation in many textbooks (e.g. see Romer Advanced Macroeconomics pp 376) so it is legit although with a caveat. A good instrument should be correlated with the endogenous variable and be able to through it exert an effect on dependent variable. Well lags are more ...


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Economics is a science and hence the objective of economics is the same as of any science just applied to the specific discipline. Thus this objective depends on how you want to define what an objective of science is and on the demarcation of what economics is. On the objective of science: There are many different approaches to the philosophy of science and ...


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Optimal transport methods are very much still in use in economics. The show up in two-sided matching with side-payments, contract theory, hedonic pricing, partial identification in econometrics, and a couple of other areas. You can find an excellent overview of economic applications in the 2016 book Optimal Transport Methods in Economics by Alfred Galichon.


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As rightly pointed out by @1muflon1@ "Panel data is nowadays quite a big field - usually you will have separate chapters for panel IV, panel logit/probit, panel time series etc". But if you are "looking for a briefer introduction/overview", I would recommend: Econometrics Training: Module Three Panel Data (with William Greene and John ...


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