Showing 1 - 10 of 11
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
explanatory power of a few current models of social and moral preferences. We find clear differences in explanatory power between …
Persistent link: https://www.econbiz.de/10012854501
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
Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal – at least partly – from an assumed positive...
Persistent link: https://www.econbiz.de/10013315775
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices …
Persistent link: https://www.econbiz.de/10013316068
experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …
Persistent link: https://www.econbiz.de/10009228620
preferences while still being able to predict behavior over time and across situations. We tackle this task with an experiment and … a structural model of preferences that allows us to simultaneously estimate outcome-based and reciprocity-based social … preferences. We find that non-selfish preferences are the rule rather than the exception. Neither at the level of the …
Persistent link: https://www.econbiz.de/10012997075
Throughout human history, informal sanctions by peers were ubiquitous and played a key role in the enforcement of social norms and the provision of public goods. However, a considerable body of experimental evidence suggests that informal peer sanctions cause large collateral damage and...
Persistent link: https://www.econbiz.de/10012916559
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