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Revealed Preferences in a Sequential Prisoners' Dilemma: A Horse-Race Between Five Utility Functions
Miettinen, Topi; Kosfeld, Michael; Fehr, Ernst; … - 2017
We experimentally investigate behavior and beliefs in a sequential prisoner’s dilemma. Each subject had to choose an action as first-mover and a conditional action as second-mover. All subjects also had to state their beliefs about others’ second-mover choices. We find that subjects’...
Persistent link: https://www.econbiz.de/10011615913
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Social Distancing during a Pandemic: The Role of Friends
Bailey, Michael; Johnston, Drew; Koenen, Martin; … - 2020
We explore how social network exposure to COVID-19 cases shapes individuals’ social distancing behavior during the early months of the ongoing pandemic. We work with de-identified data from Facebook to show that U.S. users whose friends live in areas with worse coronavirus outbreaks reduce...
Persistent link: https://www.econbiz.de/10012425677
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Social Distancing During a Pandemic : The Role of Friends
Bailey, Michael; Johnston, Drew; Koenen, Martin; … - 2021
We explore how social network exposure to COVID-19 cases shapes individuals’ social distancing behavior during the early months of the ongoing pandemic. We work with de-identified data from Facebook to show that U.S. users whose friends live in areas with worse coronavirus outbreaks reduce...
Persistent link: https://www.econbiz.de/10013314770
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The Impact of Losing in a Competition on the Willingness to Seek Further Challenges
Buser, Thomas - 2014
How do people react to setbacks and successes? I introduce a new measure of challenge-seeking to determine the effect of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment compete in two-person tournaments and are then informed of...
Persistent link: https://www.econbiz.de/10010398552
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Consumer Sentiment during the Covid-19 Pandemic: The Role of Others' Beliefs
Bui, Dzung; Dräger, Lena; Hayo, Bernd; Nghiem, Giang - 2021
This paper investigates the direct and indirect effects of others’ beliefs on respondents’ own beliefs and consumer sentiment. Conducting consumer surveys with randomized control trials (RCTs) in Thailand and Vietnam during the COVID-19 pandemic, we implement two information treatments. Both...
Persistent link: https://www.econbiz.de/10012582073
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Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations
Hanspal, Tobin - 2020
expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations about retirement age …
Persistent link: https://www.econbiz.de/10012835653
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Consumer Sentiment During the COVID-19 Pandemic : The Role of Others' Beliefs
Bui, Dzung; Hayo, Bernd; Nghiem, Giang; Dräger, Lena - 2021
This paper investigates the direct and indirect effects of others’ beliefs on respondents’ own beliefs and consumer sentiment. Conducting consumer surveys with randomized control trials (RCTs) in Thailand and Vietnam during the COVID-19 pandemic, we implement two information treatments. Both...
Persistent link: https://www.econbiz.de/10013232412
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Correlation Neglect in Belief Formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010328793
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A Model of Reference-Dependent Belief Updating
Maier, Johannes; König, Clemens - 2016
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011584855
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Gender Norms and Labor-Supply Expectations : Experimental Evidence from Adolescents
Grewenig, Elisabeth; Lergetporer, Philipp; Werner, Katharina - 2021
Gender gaps in labor-market outcomes often emerge with the arrival of the first child. We investigate a causal link … between gender norms and labor-supply expectations within a survey experiment among 2,000 German adolescents. Using a … norm towards mothers significantly reduce girls’ self-expected labor supply and thereby increase the expected gender …
Persistent link: https://www.econbiz.de/10013315205