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Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more people's reservation price. This paper shows theoretically and experimentally that when information about the consequences is costly, higher incentives also change reservation...
Persistent link: https://www.econbiz.de/10011588031
experiment that varies freelance professionals’ incentives to attract attention about scientific findings, with several online …
Persistent link: https://www.econbiz.de/10015402019
We report the results of an experiment on selective exposure to information. A decision maker interested in learning …. In line with the theory, subjects are more likely to seek confirmatory information when sources are symmetrically … source even when prior beliefs are strongly unbalanced and this source is less informative. Our experiment suggests that base …
Persistent link: https://www.econbiz.de/10014383694
. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has …’ reviews on social media platforms in search for trustworthy sellers. We present a natural field experiment that examines the …
Persistent link: https://www.econbiz.de/10012120255
How does group identity affect belief formation? To address this question, we conduct a series of online experiments with a representative sample of individuals in the US. Using the setting of the 2020 US presidential election, we find evidence of intergroup preference across three distinct...
Persistent link: https://www.econbiz.de/10014447732
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …
Persistent link: https://www.econbiz.de/10014247561
reservation wages and that a difference in plans about "boldness" during prospective wage negotiations pertains to gender …
Persistent link: https://www.econbiz.de/10014444193
Since objective news coverage is vital to democracy, captured media can seriously distort collective decisions. The current paper develops a voting model where citizens are uncertain about the welfare effects induced by alternative policy options and derive information about those effects from...
Persistent link: https://www.econbiz.de/10002578084
Adding a stage of signal acquisition to the expected utility model shows that Bayesian updating results in a well defined law of demand for financial information when asset return distributions are conjugate priors to signals such as in the gamma-Poisson case. Signals have a positive marginal...
Persistent link: https://www.econbiz.de/10002756259
A firm actively manages its rival’s beliefs by disclosing and concealing information on the size of its process innovation. The firm’s disclosure strategy results from the trade-off between two effects on product market incentives. First, the firm’s competitor learns that the firm is...
Persistent link: https://www.econbiz.de/10002757864