Showing 1 - 10 of 12
discover compared to equally-relevant information they discover themselves. In a series of incentivized lab experiments, we ask …
Persistent link: https://www.econbiz.de/10013362032
only $66 per recipient. Therapy changed people's beliefs about themselves in three ways. First, it reduced their likelihood …
Persistent link: https://www.econbiz.de/10013210039
Prior research, primarily based on lab experiments, suggests that females might be more averse to competition than …
Persistent link: https://www.econbiz.de/10013210090
We use a longitudinal dataset measuring beliefs and behaviors to study the dynamics of model - or narrative - adoption … during the Covid-19 pandemic. We show that individuals switch beliefs about the effectiveness of preventive behaviors … competing narratives in which agents exhibit motivated beliefs. Adopting misspecified narratives increases infection rates …
Persistent link: https://www.econbiz.de/10014512096
market, auction and committee experiments using 15 classic cognitive bias tasks. We document that some cognitive errors are …
Persistent link: https://www.econbiz.de/10013334479
How quickly does marginal utility fall with increasing consumption? It depends on the dimension along which we consider concavity of the utility function. This paper estimates the distribution of heterogeneous curvature parameters in individuals' utility functions from hypothetical choice data,...
Persistent link: https://www.econbiz.de/10014468277
This article reviews the growing economics literature that studies the politico-economic impacts of heterogeneity in moral boundaries across individuals and cultures. The so-called universalism-versus-particularism cleavage has emerged as a main organizing principle behind various salient...
Persistent link: https://www.econbiz.de/10014372458
Rational agents must perform backwards induction by thinking contingently about future states and actions, but failures of backwards induction and contingent reasoning are ubiquitous. How do boundedly-rational agents make decisions when they fail to correctly forecast actions in the future? We...
Persistent link: https://www.econbiz.de/10013361987
We conduct a novel lab experiment in which pairs of subjects make separable decisions about allocative efficiency and equity in different agency structures. In terms of equity, subjects appropriate all surplus when they can, and share equally when they have to negotiate. They achieve high...
Persistent link: https://www.econbiz.de/10013362003
This paper studies how and why households adjust their spending, saving, and borrowing in response to transitory income shocks. We leverage new large-scale survey data to first quantitatively assess households' intertemporal marginal propensities to consume (MPCs) and deleverage (MPDs) (the...
Persistent link: https://www.econbiz.de/10014512045