This paper presents the results from a 2.3 million person field experiment that varies whether or not a job seeker sees the number of applicants for a job posting on a large job posting website, LinkedIn. This intervention increases the likelihood that a person will finish an application by...

On a homogeneous oligopoly market informed sellers are fully aware of market demand whereas uninformed sellers only know the distribution. We first derive the market results when sellers are risk averse, similarly to Ponssard (1979) who assumed risk neutrality throughout. With the help of these...

This paper shows how travellers that are faced with a series of risky choices become behaviourally inert due to a combination of risk aversion and learning. Our theoretical analyses complement other studies that conceive inertia as resulting from the wish to save cognitive resources. We first...

Der Konsument von Lebensmitteln ist, so scheint es oft, ein verunsicherter Verbraucher, dem über eine verstärkte und verbesserte Information geholfen werden muss. Der Arbeitsbericht leistet einen Beitrag zur Beantwortung der Frage: Welcher Bedarf besteht tatsächlich aus Verbrauchersicht an...