Showing 1 - 10 of 220
in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities … earlier when pressured. Anticipated regret does not affect search length (neither with nor without time pressure), while … particularly focus on markets with inexperienced first-time buyers. …
Persistent link: https://www.econbiz.de/10012534681
In a continuous-time framework we study the technology and investment choice problem of a continuous co …
Persistent link: https://www.econbiz.de/10003872196
In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing so, we depart from the relevant literature, which focuses on fully equity-financed investment project. By letting a representative firm borrow optimally, we show that debt...
Persistent link: https://www.econbiz.de/10003965108
This article discusses the effects of taxation on the discrete choice of alternative projects. In particular, it is shown that if taxation affects the optimal timing of irreversible investment, then the discrete choice is distorted as well. This result has both methodological and political...
Persistent link: https://www.econbiz.de/10011409961
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...
Persistent link: https://www.econbiz.de/10012806643
Time is a crucial determinant of deception, since some misreporting opportunities come as a surprise and require an … intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … subject must be aware of the misreporting opportunity. This paper provides experimental evidence on the role of the time …
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
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011557745
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring …
Persistent link: https://www.econbiz.de/10012697938
We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true preferences. First, we elicit axiom and gamble preferences and then allow subjects to revise their potentially conflicting preferences. Among the behavioral patterns that allow for...
Persistent link: https://www.econbiz.de/10014556632