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Cross-Game Learning and Cognitive Ability in Auctions
Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin G. - 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/10012799696
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Still in Search of the Sunk Cost Bias
Negrini, Marcello; Riedl, Arno; Wibral, Matthias - 2021
Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …
Persistent link: https://www.econbiz.de/10013315181
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Contracts, Biases and Consumption of Access Services
Leider, Stephen - 2012
We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face while using access services. Typical examples of such services include telecommunication services, extended warranties for consumer electronics, and club memberships. We demonstrate...
Persistent link: https://www.econbiz.de/10013111994
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Booms and busts: New Keynesian and behavioral explanations
De Grauwe, Paul - 2010
Capitalism is characterized by booms and busts. Periods of strong growth in output alternate with periods of declines in economic growth. Every macro-economic theory should attempt to explain these endemic business cycle movements. In this paper I present two paradigms that attempt to explain...
Persistent link: https://www.econbiz.de/10010274846
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Are income and consumption taxes ever really equivalent?: evidence from a real-effort experiment with real goods
Blumkin, Tomer; Ruffle, Bradley J.; Ganun, Yosef - 2008
The public finance literature demonstrates the equivalence between consumption and labor income (wage) taxes. We construct an environment in which individuals make real labor-leisure choices and spend their earned income on real goods. We use this experimental framework to test whether a labor...
Persistent link: https://www.econbiz.de/10010264286
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When a Nudge Backfires : Combining (Im)Plausible Deniability with Social and Economic Incentives to Promote Behavioral Change
Bolton, Gary - 2020
Both theory and recent empirical evidence on nudging suggest that observability of behavior acts as an instrument for promoting (discouraging) pro-social (anti-social) behavior. We connect three streams of literature (nudging, social preferences, and social norms) to investigate the universality...
Persistent link: https://www.econbiz.de/10012842390
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Complexity and Distributive Fairness Interact in Affecting Compliance Behavior
Bellemare, Charles - 2019
Filing income tax returns or insurance claims often requires that individuals comply with complex rules to meet their obligations. We present evidence from a laboratory tax experiment suggesting that the effects of complexity on compliance are intrinsically linked to distributive fairness. We...
Persistent link: https://www.econbiz.de/10012860571
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Gender Differences in Face-to-Face Deceptive Behavior
Lohse, Tim - 2020
We study the role of face-to-face interaction for gender differences in deceptive behavior and perceived honesty. In the first part, we compare women's to men's deceptive behavior using data from an incentivized income reporting experiment in which lies can be detected in the course of an audit....
Persistent link: https://www.econbiz.de/10012845682
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Perceived Wealth, Cognitive Sophistication and Behavioral Inattention
Assenza, Tiziana - 2020
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
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Behavioural Responses to Unfair Institutions : Experimental Evidence on Rule Compliance, Norm Polarisation and Trust
Columbus, Simon; Kasper, Matthias; Feld, Lars P.; … - 2023
This study investigates the effects of unfair enforcement of institutional rules on public good contributions, personal and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce rule compliance compared to fair institutions. However,...
Persistent link: https://www.econbiz.de/10014345629