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outcomes. We proxy occupational knowledge with mandatory visits to job information centers (JICs) in Germany while still … the comprehensive information service when they were young. The results suggest that individuals, who went to school in …
Persistent link: https://www.econbiz.de/10010761636
We study and test a class of boundedly rational models of decision making which rely on sequential eliminative heuristics. We formalize two sequential decision procedures, both inspired by plausible models popular among several psychologists and marketing scientists. However we follow a standard...
Persistent link: https://www.econbiz.de/10005822673
Using modern methods for analyzing multi-level data, we find that, by and large, citizens of OECD countries are more satisfied with the way democracy works in their country if more environmental policies are in place and if environmental quality is higher. We also document that parents care...
Persistent link: https://www.econbiz.de/10005703653
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … productivity. Information on the opponent is a promising nudge to raise individuals' awareness towards the complexity of the …
Persistent link: https://www.econbiz.de/10011279246
We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...
Persistent link: https://www.econbiz.de/10011279343
under imperfect information, these findings are consistent with Indonesia citizens over-estimating the net gains from …
Persistent link: https://www.econbiz.de/10009325431
and use. Our evidence points to the role of imperfect information. The introduction of IRS may have made the problem of …
Persistent link: https://www.econbiz.de/10010839294
biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to … affect how people picture the future. This paper studies the role of public information dissemination, or publicity, in a …
Persistent link: https://www.econbiz.de/10004969323
This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers’ work. …
Persistent link: https://www.econbiz.de/10005703358
repeated negative institutional shocks and how such shocks influence the development of an information matrix as well as the … transmission of information across time and generations. We show that African-Americans who were less likely to be influenced by … negative institutional shocks and the information stock created from these experiences, have similar self-employment rates to …
Persistent link: https://www.econbiz.de/10005822895