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by 8 - 15% compared to only offering a pay-per-use contract. -- access services ; pricing contracts ; decision biases …
Persistent link: https://www.econbiz.de/10009489036
.g. gender, race, sugar) have a stronger effect when the attribute is mixed with others, and so the decision becomes less …
Persistent link: https://www.econbiz.de/10011415271
We empirically assess whether hindsight bias has consequences on how citizens evaluate their political actors. Using an …. Exogenous variation in the extent of hindsight bias, induced through random assignment to survey structures, allows us to show … that hindsight bias causally reduces trust in government. …
Persistent link: https://www.econbiz.de/10013205089
Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …
Persistent link: https://www.econbiz.de/10012299784
reduced reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even …
Persistent link: https://www.econbiz.de/10012194225
present bias are (not) confounded by complexity. …
Persistent link: https://www.econbiz.de/10014447758
How does exposure to Islamist terrorism change perceptions of the share of Muslims and immigrants? We conduct a large-scale survey that measures misperceptions towards minority groups in four European countries. Our results show that terror attacks in the past increased misperceptions of the...
Persistent link: https://www.econbiz.de/10014288568
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …
Persistent link: https://www.econbiz.de/10012697938
dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … 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 …
Persistent link: https://www.econbiz.de/10011723505
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10011789104