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time and in treatment II on travel time for M and S. Money payoffs increase with decreasing time. The main results are as …
Persistent link: https://www.econbiz.de/10011506494
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …
Persistent link: https://www.econbiz.de/10012806643
intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition … opportunity and the conscious decision to misreport, reveals that more reflection time increases awareness of the misreporting …
Persistent link: https://www.econbiz.de/10011723505
and decision time. Overall, the data show that more people follow the default if the nudge is made transparent. More … data also show an interaction of reactance and decision time in that more reactant subjects making slower decisions respond … of reactance can be established in the data if decision time is accounted for. …
Persistent link: https://www.econbiz.de/10014323254
Theory of mind and individual preferences are important determinants in social decision making. The current study … examined in a large sample whether being a cooperative preference type is related with better theory of mind skills …. Furthermore, by testing adolescents and adults, we examined the impact of age on this relation. Theory of mind is measured in a …
Persistent link: https://www.econbiz.de/10009689352
decision-making in the context of initial play in two-player matrix games, analyzing over 90,000 human decisions across more …
Persistent link: https://www.econbiz.de/10015051641
interaction on search behavior in a pre-registered, theory-based, and well-powered experiment. We find that urgency reduces … in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities … thereby distort optimal search. In addition, urgency may alter decision-making processes and thereby the salience of regret …
Persistent link: https://www.econbiz.de/10012534681
In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right … likelihood of receiving her preferred task if she rather than another participant makes the decision. Participants pay more to …
Persistent link: https://www.econbiz.de/10010347041
-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in …
Persistent link: https://www.econbiz.de/10011789104
irrespective of whether the experience is social or not. Our findings are in line with recent evidence on decision making under … various forms of social decision making. Our results suggest that the overall valence of an experience (gain or loss) matters …
Persistent link: https://www.econbiz.de/10012520860