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-commerce platform. Our research design is based on a field experiment which randomizes the salience of ad disclosure to consumers, and a … natural experiment which eradicates a listing-level quality certificate for all listings because of a system glitch. Results …
Persistent link: https://www.econbiz.de/10014078201
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance …
Persistent link: https://www.econbiz.de/10012845685
We examine framing effects in nudging honesty, in the spirit of the growing norm-nudge literature, by utilizing a high … message) and varied in the framing (positive or negative) in which it was presented. Subsequently, participants repeatedly …-nudge interventions worked. A follow-up experiment reveals the reason for these convincing null-effects: the information norm-nudges did …
Persistent link: https://www.econbiz.de/10012838243
Several empirical studies provide evidence that their actual health state affects people's attitudes towards health and medical care in hypothetical health states. In the tradition of behavioural economics this paper considers the actual health state as a point of reference and builds a model...
Persistent link: https://www.econbiz.de/10010261396
In the seminal rational inattention model of Matĕjka and McKay (2015), logit demand arises from the discrete choice of agents who are uncertain about choice payoffs and who have access to a flexible, costly information acquisition technology (RI-logit). A notable limitation of this powerful...
Persistent link: https://www.econbiz.de/10014358846
This paper argues that the Economics of Crime concentrates too much on punishment as a policy to fight crime, which is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible alternatives to punishment exist, such as offering...
Persistent link: https://www.econbiz.de/10010266023
This paper presents the results of an experiment that completely measures the utility function and probability …
Persistent link: https://www.econbiz.de/10010276981
Risk aversion (a 2nd order risk preference) is a time-proven concept in economic models of choice under risk. More …-averse behaviors might be generated by a simple type of basic lottery preference for either (1) combining good outcomes with bad ones … dichotomy. Our own experiment is the first to look beyond 4th order risk preferences and we examine risk attitudes at even …
Persistent link: https://www.econbiz.de/10010291518
experiment, reduces evasion, as predicted by our theory. Loss aversion, risk aversion, and their interaction, are critical …
Persistent link: https://www.econbiz.de/10013315211
We experimentally study the impact of framing effects in a repeated sequential social dilemma game. Our between … Street game than when it is called the Community game. However, the social framing effect disappears when we control for …
Persistent link: https://www.econbiz.de/10013315235