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intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … opportunity and the conscious decision to misreport, reveals that more reflection time increases awareness of the misreporting …
Persistent link: https://www.econbiz.de/10012945055
A longstanding distinction in psychology is between implicit and explicit preferences. Implicit preferences are ….g. gender, race, sugar) have a stronger effect when the attribute is mixed with others, and so the decision becomes less …
Persistent link: https://www.econbiz.de/10012998711
We consider a neoclassical economy where households derive utility from holding wealth. We show that, under some conditions, there can be rational bubbles. Hence, we provide a microfoundation for bubbles that relies on a frictionless infinite-horizon economy without any heterogeneity across...
Persistent link: https://www.econbiz.de/10012912377
In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...
Persistent link: https://www.econbiz.de/10013120907
The paper develops an axiomatic framework for rational decision making. The von Neumann-Morgenstern axioms give rise to … that are imposed in the evaluation of uncertain scenarios. Imposing all rationality constraints jointly eliminates pure …) actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting …
Persistent link: https://www.econbiz.de/10013107349
about future price developments. At a previously unknown date, the bubble will endogenously burst. Households' decision to …
Persistent link: https://www.econbiz.de/10012899999
Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...
Persistent link: https://www.econbiz.de/10013106547
WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs ceilings, i.e. tariff rates that no exporter may ever actually be confronted with, generate market access? The answer to this question relates to the effects of tariff bindings on...
Persistent link: https://www.econbiz.de/10013153424
to what a traditional rational optimizing agent would choose. This model is a first step to understand decision-making in …
Persistent link: https://www.econbiz.de/10013074398
This paper examines a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the levelized product cost (LC). Per unit of output, the levelized...
Persistent link: https://www.econbiz.de/10013059057