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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
about future price developments. At a previously unknown date, the bubble will endogenously burst. Households' decision to …
Persistent link: https://www.econbiz.de/10012899999
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
This paper explores the determinants of survival in a life-and-death situation created by an external and unpredictable shock. We are interested in seeing whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...
Persistent link: https://www.econbiz.de/10012769705
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10012924978
institutions compared to situations of individual decision-making. Intelligence, female gender, and the existence of siblings …
Persistent link: https://www.econbiz.de/10012994702
According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We complement...
Persistent link: https://www.econbiz.de/10013013093