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times of stress. To test this hypothesis, we pharmacologically increase levels of the stress hormone cortisol, after which …
Persistent link: https://www.econbiz.de/10013362017
laboratory experiment to cleanly fix beliefs about the person's likelihood of being pivotal in reaching a donation threshold that …
Persistent link: https://www.econbiz.de/10014247963
We randomly vary religious identity salience in laboratory subjects to test how identity salience contributes to six hypothesized links from prior literature between religious identity and economic behavior. We find that religious identity salience makes Protestants increase contributions to...
Persistent link: https://www.econbiz.de/10012462726
We study the implications of a particular form of irrationality on the pricing behavior of firms in a monopolistic-competitive market with incomplete information. We assume that firms are overconfident, meaning that they over-estimate their abilities to understand the correct model of the...
Persistent link: https://www.econbiz.de/10012466749
This paper considers nonparametric identification and estimation of a generalized Roy model that includes a non-pecuniary component of utility associated with each choice alternative. Previous work has found that, without parametric restrictions or the availability of covariates, all of the...
Persistent link: https://www.econbiz.de/10012464700
This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their consumption-based utility. Emotionally, prices can induce regret and anger among consumers. The...
Persistent link: https://www.econbiz.de/10012464893
Why do security analysts issue overly positive recommendations? We propose a novel approach to distinguish strategic motives (e.g., generating small-investor purchases and pleasing management) from nonstrategic motives (genuine overoptimism). We argue that nonstrategic distorters tend to issue...
Persistent link: https://www.econbiz.de/10012465530
, can affect outcomes. We explore the economics of revealing type in a simple laboratory experiment to learn about the …
Persistent link: https://www.econbiz.de/10012456720
one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that …Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate … individuals extrapolate from their own type when forming trust beliefs about the same pool of potential partners - i.e., more …
Persistent link: https://www.econbiz.de/10012460200
Sparked by the killing of George Floyd in police custody, the 2020 Black Lives Matter protests have brought a new wave of attention to the issue of inequality within criminal justice. However, many public health officials have warned that mass protests could lead to a reduction in social...
Persistent link: https://www.econbiz.de/10012481603