Narrow search
Showing 1 - 10 of 429
Cover Image
Cognitive Biases : Mistakes or Missing Stakes?
Enke, Benjamin - 2020
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
Cover Image
Cognitive Imprecision and Strategic Behavior
Frydman, Cary; Nunnari, Salvatore - 2021
We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when perception is precise. When adding a small amount of...
Persistent link: https://www.econbiz.de/10013310763
Cover Image
Behavioral New Keynesian Models : Learning vs. Cognitive Discounting
Meggiorini, Greta; Milani, Fabio - 2021
This paper estimates a New Keynesian model with new and old behavioral elements. Agents in the model exhibit cognitive discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model. We investigate the model under different...
Persistent link: https://www.econbiz.de/10013229788
Cover Image
Perceived Wealth, Cognitive Sophistication and Behavioral Inattention
Assenza, Tiziana - 2020
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance … large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …
Persistent link: https://www.econbiz.de/10012845685
Cover Image
Disposed to Be Overconfident
Gödker, Katrin; Odean, Terrance; Smeets, Paul - 2023
We show that the disposition effect–the tendency of investors to hold losers and sell winners–can be a source of overconfidence. We find experimental evidence that individuals update beliefs about their own investment ability based on realized gains and losses rather than the overall...
Persistent link: https://www.econbiz.de/10014358104
Cover Image
Biased Survival Expectations and Behaviours : Does Domain Specific Information Matter?
Costa-Font, Joan; Vilaplana-Prieto, Cristina - 2021
European countries for more than a decade, we estimate time-varying individual level bias in ‘survival expectations' (BSE) at …
Persistent link: https://www.econbiz.de/10013311581
Cover Image
Cross-Game Learning and Cognitive Ability in Auctions
Giebe, Thomas; Kocher, Martin G.; Schudy, Simeon; … - 2021
Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...
Persistent link: https://www.econbiz.de/10013314693
Cover Image
Cognitive Imprecision and Stake-Dependent Risk Attitudes
Khaw, Mel Win; Li, Ziang; Woodford, Michael - 2022
In an experiment that elicits subjects’ willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold … presence of cognitive noise. Moreover, the cognitive noise required by our hypothesis is consistent with patterns of bias and …
Persistent link: https://www.econbiz.de/10014077011
Cover Image
Requiem for a Nudge : Framing Effects in Nudging Honesty
Dimant, Eugen - 2020
-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
Cover Image
What You See is All There Is
Enke, Benjamin - 2020
News reports and communication are inherently constrained by space, time, and attention. As a result, news sources often condition the decision of whether to share a piece of information on the similarity between the signal and the prior belief of the audience, which generates a sample selection...
Persistent link: https://www.econbiz.de/10012840217