Showing 1 - 10 of 297
We compare different designs that have been used to test for an impact of time horizon on discounting, using real …
Persistent link: https://www.econbiz.de/10013109751
Recent studies investigate policies motivating consumers to make an active choice as a way to protect unsophisticated consumers. We analyse the optimal timing of such choice-enhancing policies when a firm can strategically react to them. In our model, a firm provides an automatic enrollment or...
Persistent link: https://www.econbiz.de/10012985793
We experimentally investigate the effect of time pressure in a rich-context, unstructured bargaining game with earned … very similar across different levels of time pressure. Nevertheless, as predicted, time pressure systematically influenced … with time pressure, and the likelihood of reaching the implicit reference point (equal division) in agreements decreases …
Persistent link: https://www.econbiz.de/10012999773
-based questionnaire before the experiment and participants' preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …
Persistent link: https://www.econbiz.de/10013146983
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality - such as the Big Five and locus...
Persistent link: https://www.econbiz.de/10013107552
assigned among high-school students and choices were measured using an incentivized experiment. Students who participated in … the program make more time-consistent choices; are more likely to allocate payments to a single payment date, as opposed …
Persistent link: https://www.econbiz.de/10012937819
future by using present tense (like German). We complement Chen's approach with experimentally elicited time preference data … than Italian-speaking children to delay gratification in an intertemporal choice experiment. This result is robust when …
Persistent link: https://www.econbiz.de/10013013093
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward … risk and typically need to assume stability of these characteristics over time and across decision domains. We test the … these characteristics over time and across situations. We find high reliability and that individual characteristics are …
Persistent link: https://www.econbiz.de/10013078528
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10013133607
experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition …Time is a crucial determinant of deception, since some misreporting opportunities come as a surprise and require an … intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a …
Persistent link: https://www.econbiz.de/10012945055