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An offer you can't refuse? : incentives change what we believe
Ambuehl, Sandro - 2017
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
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Credence goods markets and the informational value of new media : a natural field experiment
Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias - 2019
. 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
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Group identity and belief formation : a decomposition of political polarization
Bauer, Kevin; Chen, Yan; Hett, Florian; Kosfeld, Michael - 2023
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
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Audi alteram partem : an experiment on selective exposure to information
Montanari, Giovanni; Nunnari, Salvatore - 2023
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
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Do consumers acquire information optimally? : experimental evidence from energy efficiency
La Nauze, Andrea; Myers, Erica - 2023
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
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Gender differences in wage expectations and negotiation
Kiessling, Lukas; Pinger, Pia; Seegers, Philipp; … - 2023
reservation wages and that a difference in plans about "boldness" during prospective wage negotiations pertains to gender …
Persistent link: https://www.econbiz.de/10014444193
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Markets for information : of inefficient firewalls and efficient monopolies
Cabrales, Antonio (contributor); Gottardi, Piero (contributor) - 2008
, efficiency can be attained with a monopolist selling differentiated information, provided entry is blocked. The above findings …
Persistent link: https://www.econbiz.de/10003720829
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Dynamic rational inattention and the Phillips curve
Afrouzi, Hassan; Yang, Choongryul - 2021
-driven theory of dynamic pricing in which the Phillips curve slope is endogenous to systematic aspects of monetary policy. In our …
Persistent link: https://www.econbiz.de/10012417763
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Do people value more informative news?
Chopra, Felix; Haaland, Ingar; Roth, Christopher - 2019
We examine whether the desire for more information is people's dominant motive for reading economic and political news. Drawing on representative samples of the U.S. population with more than 15,000 respondents in total, we measure and experimentally vary people's beliefs about the...
Persistent link: https://www.econbiz.de/10012156434
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Selling strategic information in digital competitive markets
Bounie, David; Dubus, Antoine; Waelbroeck, Patrick - 2018
This paper investigates the strategies of a data broker in selling information to one or to two competing firms that can price-discriminate consumers. The data broker can strategically choose any segment of the consumer demand (information structure) to sell to firms that implement third-degree...
Persistent link: https://www.econbiz.de/10011859600