Showing 1 - 10 of 2,514
We compare different designs that have been used to test for an impact of time horizon on discounting, using real …
Persistent link: https://www.econbiz.de/10010281038
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...
Persistent link: https://www.econbiz.de/10013306854
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …
Persistent link: https://www.econbiz.de/10013118350
in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities … interaction on search behavior in a pre-registered, theory-based, and well-powered experiment. We find that urgency reduces … earlier when pressured. Anticipated regret does not affect search length (neither with nor without time pressure), while …
Persistent link: https://www.econbiz.de/10013224079
Most economic models assume that time preferences are stable over time, but the evidence on their long-term stability … is lacking. We study whether and how time preferences change over the life cycle, exploiting representative long …
Persistent link: https://www.econbiz.de/10013239561
human players deviate from a rational benchmark. In particular, the results show deviations related to loss aversion, time …
Persistent link: https://www.econbiz.de/10012831655
Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good money after bad money.’ However, the few studies using incentives are inconclusive. In addition, evidence on potential psychological channels underlying such a bias is...
Persistent link: https://www.econbiz.de/10013315181
We consider technology choices between green and brown technologies by firms. We use insights from complexity theory …
Persistent link: https://www.econbiz.de/10014358071
future by using present tense (like German). We complement Chen’s approach with experimentally elicited time preference data …
Persistent link: https://www.econbiz.de/10011388218
Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision...
Persistent link: https://www.econbiz.de/10012866616