Showing 1 - 10 of 2,179
We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N=3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...
Persistent link: https://www.econbiz.de/10013334460
In the past decade, researchers in psychology and neuroscience studying human decision-making have increasingly adopted …
Persistent link: https://www.econbiz.de/10014247999
A growing literature uses now widely-available data on beliefs and expectations in the estimation of structural models. In this chapter, we review this literature, with an emphasis on models of individual and household behavior. We first show how expectations data have been used to relax strong...
Persistent link: https://www.econbiz.de/10013210122
We demonstrate the pitfalls when extrapolating behavioral findings across different contexts and decision environments …. We focus on regret theory and the use of "regret lotteries" for motivating behavior change. Here, findings from one …-shot settings have been used to promote regret as a tool to boost incentives in recurrent decisions across many settings. Using …
Persistent link: https://www.econbiz.de/10014635722
exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …
Persistent link: https://www.econbiz.de/10014544680
rolled out with a long-run experiment, which allows us to measure its short-run and long-run effects. We find that, although …
Persistent link: https://www.econbiz.de/10014486191
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013388842
experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are …
Persistent link: https://www.econbiz.de/10014372429
Economic interactions, such as crowdfunding, often involve sequential actions, observational learning, and contingent project implementation. We incorporate all-or-nothing thresholds in a canonical model of information cascades. Early supporters effectively delegate their decisions to a...
Persistent link: https://www.econbiz.de/10013537714
We study how investors respond to inflation combining a customized survey experiment with trading data at a time of …
Persistent link: https://www.econbiz.de/10014544748