Showing 1 - 10 of 13
Despite decades of research on heuristics and biases, empirical evidence on the effect of large incentives – as present … reduced reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even …
Persistent link: https://www.econbiz.de/10012838245
Despite decades of research on heuristics and biases, empirical evidence on the effect of large incentives - as present … reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even close to …
Persistent link: https://www.econbiz.de/10012510529
neural responses to the pertinent prospects when they are not engaged in actual decision making. The ability to make such …
Persistent link: https://www.econbiz.de/10012459390
observable exogenous causes. We explore an alternative approach that generates predictions based on relationships across decision … experiment, we find that this method yields accurate estimates of price sensitivities for a collection of products under …
Persistent link: https://www.econbiz.de/10012459391
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …
Persistent link: https://www.econbiz.de/10012794605
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …
Persistent link: https://www.econbiz.de/10013311701
We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems that can be computed for any standard dataset. These indices capture the predicted error rate in identifying the lottery with the highest expected value, where the predictions are...
Persistent link: https://www.econbiz.de/10014372434
We study experimentally when, why, and how people intervene in others’ choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...
Persistent link: https://www.econbiz.de/10012052868
"the will of the people." In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify …
Persistent link: https://www.econbiz.de/10012658023
often condition the decision of whether to share a piece of information on the similarity between the signal and the prior … computational complexity of the decision problem. These results point to the context-dependence of what comes to mind and the …
Persistent link: https://www.econbiz.de/10012840217