Showing 1 - 10 of 1,149
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010211474
We use the trust and the dictator games to explore the effects of religious identity on trust, trustworthiness, prosociality, and conditional reciprocity within a beliefs-based model. We provide a novel and rigorous theoretical model to derive the relevant predictions, which are then tested in...
Persistent link: https://www.econbiz.de/10013472415
Large, macroeconomic shocks in the past have been shown to influence economic decisions in the present. We study in an experiment with 743 subjects whether small-scale, seemingly negligible, events also affect the formation of risk preferences. In line with a reinforcement learning model, we...
Persistent link: https://www.econbiz.de/10012607585
Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using a sample of managers and employees from a...
Persistent link: https://www.econbiz.de/10014227737
The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate that those more affected by the drought more often...
Persistent link: https://www.econbiz.de/10014227758
Good decision-making requires understanding the causal impact of our actions. Often, we only have access to correlational data that could stem from multiple causal mechanisms with divergent implications for choice. Our experiments comprehensively characterize choice when subjects face...
Persistent link: https://www.econbiz.de/10014529153
It has been argued that guilt aversion (the aversion to violate others' expectations) and the compliance to descriptive …
Persistent link: https://www.econbiz.de/10011825251
anticipatory utility from holding optimistic beliefs about their future effort costs. This study provides a rigorous empirical test …
Persistent link: https://www.econbiz.de/10014517966
are more likely to adjust inflation expectations during the shock, have higher confidence in their beliefs, and hold … smaller misperceptions about realized inflation, yet their expectations about future inflation deviate more strongly from …
Persistent link: https://www.econbiz.de/10014447716
Expectations about macro-finance variables, such as inflation, vary significantly across genders, even within the same …, which in turn produce systematic variation in expectations. Using unique data on the contributions of men and women to … household grocery chores, their resulting exposure to price signals, and their inflation expectations, we show that the gender …
Persistent link: https://www.econbiz.de/10012176858