Showing 1 - 9 of 9
experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …
Persistent link: https://www.econbiz.de/10013121870
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/10013072106
Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals’ inclination to trust...
Persistent link: https://www.econbiz.de/10013315368
experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …
Persistent link: https://www.econbiz.de/10009228620
consumption have direct utility consequences. This gives rise to informational preferences, i.e., preferences over the timing and … structure of information. Using a novel and purposefully simple set-up, we experimentally analyze preferences for information …. Variations in prior distributions do not seem to affect information preferences …
Persistent link: https://www.econbiz.de/10012981291
This paper argues that the consumption value of education is an important motivation for the educational choice. While controlling for ability, we document that individuals are willing to forego substantial future wage returns in order to acquire a particular type of higher education. We...
Persistent link: https://www.econbiz.de/10013155936
The consumption value of higher education is an important factor behind the individual’s educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for...
Persistent link: https://www.econbiz.de/10013316279
This paper argues that the consumption value of education is an important motivation for the educational choice. While controlling for ability, we document that individuals are willing to forego substantial future wage returns in order to acquire a particular type of higher education. We...
Persistent link: https://www.econbiz.de/10008533984
The consumption value of higher education is an important factor behind the individual’s educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for...
Persistent link: https://www.econbiz.de/10008534058