000			01112nam a22001577a 4500
999			_c517631 _d517631
008			210722b ||||| |||| 00| 0 eng d
100			_aOprea, Ryan _927562
245			_aWhat makes a rule complex?
260			_aThe American Economic Review
300			_a110(12), Dec, 2020: p.3913-3951
520			_aWe 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. – Reproduced
650			_aEmpirical analysis _927563
773			_aThe American Economic Review
906			_aCONSUMER ECONOMICS
942			_cAR