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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 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
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Search Costs and Diminishing Sensitivity
Karle, Heiko; Kerzenmacher, Florian; Schumacher, Heiner; … - 2022
Empirical search cost estimates tend to increase in the size of the transaction, even if search can be done conveniently online. To assess this pattern systematically, we conduct an online search experiment in which we manipulate the price scale while keeping the physical search effort for each...
Persistent link: https://www.econbiz.de/10014078200
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Robust Information Aggregation Through Voting
Midjord, Rune - 2019
option the committee chooses, and whether the committee decision is correct …
Persistent link: https://www.econbiz.de/10012866804
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Market for Information and Selling Mechanisms
Bounie, David - 2020
We investigate the strategies of a data intermediary selling consumer information to firms for price discrimination purpose. We analyze how the mechanism through which the data intermediary sells information influences how much consumer information she will collect and sell to firms, and how it...
Persistent link: https://www.econbiz.de/10012832202
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Distribution and Use of Knowledge Under the 'Laws of the Web'
Falkinger, Josef - 2021
Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...
Persistent link: https://www.econbiz.de/10013316668
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Are Groups More Rational than Individuals? A Review of Interactive Decision Making in Groups
Kugler, Tamar - 2012
also on the decisions of others. In the present article, we review the literature on decision making made by groups of the …
Persistent link: https://www.econbiz.de/10013111990
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Search costs and corporate income tax competition
Konrad, Kai A. - 2010
This paper studies corporate tax competition if it is costly to learn some of the elements that determine the effective tax burden. Search cost may, but need not, eliminate the tax competition pressure. The outcome depends on the boundaries of tax rate and tax base choices. Search cost can...
Persistent link: https://www.econbiz.de/10010274937
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Consumer search and oligopolistic pricing : an empirical investigation
Janssen, Maarten C. W.; Moraga-González, José Luis; … - 2004
This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...
Persistent link: https://www.econbiz.de/10010261272
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Ideological Motives and Group Decision-Making
Engl, Florian - 2021
This paper studies experimentally when and how ideological motives shape group decision-making outcomes. Groups …
Persistent link: https://www.econbiz.de/10013243248
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Speed, Quality, and the Optimal Timing of Complex Decisions : Field Evidence
Sunde, Uwe; Zegners, Dainis; Strittmatter, Anthony - 2022
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …
Persistent link: https://www.econbiz.de/10013306854