Showing 1 - 10 of 13
over 22 million wholesale used-car transactions, we find substantial evidence of this left-digit bias; there are large and …. We obtain estimates for the inattention parameter in a simple model of this left-digit bias. We also investigate whether … thinking may be important. Our results suggest that information-processing heuristics may be important even in markets with …
Persistent link: https://www.econbiz.de/10012461629
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
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
fairness. We corroborate the interpretation of our findings with a choice experiment of a costly decision to donate money to a …
Persistent link: https://www.econbiz.de/10012479534
experiment, face-to-face communication with a randomly assigned peer significantly improves the quality of private decisions … transmits financial decision-making skills most effectively when peers are equally uninformed, rather than when an informed … decision maker teaches an uninformed peer. Qualitative analysis of subjects' discussions supports this interpretation. The …
Persistent link: https://www.econbiz.de/10012480687
versus equal outcomes). In a laboratory experiment, the most common behavioral pattern is for subjects to select the ex ante …
Persistent link: https://www.econbiz.de/10012480908
conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors …
Persistent link: https://www.econbiz.de/10012456048
large-scale, natural field experiment in Argentina testing the effectiveness of information, social and economic incentives …
Persistent link: https://www.econbiz.de/10012460030