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Models of reference-dependent preferences propose that individuals evaluate outcomes as gains or losses relative to a neutral reference point. We test for reference dependence in a large dataset of marathon finishing times (n = 9,524,071). Models of reference-dependent preferences such as...
Persistent link: https://www.econbiz.de/10012458324
's efficacy. This paper combines theory with a large-scale natural field experiment to connect CSR to an important but often …
Persistent link: https://www.econbiz.de/10012453544
We explore how examiner behavior is altered by the time allocated for reviewing patent applications. Insufficient examination time may hamper examiner search and rejection efforts, leaving examiners more inclined to grant invalid applications. To test this prediction, we use application-level...
Persistent link: https://www.econbiz.de/10012458330
The rapid increase in online instruction in higher education has heightened concerns about cheating. We use a randomized control design to test whether informing students that we can detect plagiarism reduces cheating. We further test whether informing students they have been caught cheating...
Persistent link: https://www.econbiz.de/10012938724
People often estimate probabilities, such as the likelihood that an insurable risk will materialize or that an Irish person has red hair, by retrieving experiences from memory. We present a model of this process based on two established regularities of selective recall: similarity and...
Persistent link: https://www.econbiz.de/10012629493
evidence of these concerns in a nationwide field experiment among 294 car dealers. Dealers randomized into loss-framed (but …
Persistent link: https://www.econbiz.de/10012479143
Economic agents face many different types of economic incentives when making financial and moral decisions. We provide experimental data from a population that uniquely responds to incentives to lie compared to previously studied populations. We conduct a standard 6-sided die rolling lying study...
Persistent link: https://www.econbiz.de/10012479697
attentive and develop quantitative tests of rational inattention that we deploy in two experiments. The first is an experiment … and incentives to make plans to complete the modules. The second is an online survey-completion experiment (n=944), in … rationality, indicating that people underuse attention-increasing tools. In our second experiment, we estimate that individuals …
Persistent link: https://www.econbiz.de/10012481638
' behavior and subjective well-being in the context of restaurant dining from a randomized natural field experiment. Our …
Persistent link: https://www.econbiz.de/10012465130
There has been a dramatic increase in the use of experimental methods in the past two decades. An oft-cited reason for this rise in popularity is that experimental methods provide the necessary control to estimate treatment effects in isolation of other confounding factors. We examine the...
Persistent link: https://www.econbiz.de/10012465582