psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …

-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in …

acting on them. We implement the first experiment that is able to address a potential causal relationship between self …

the implementation of high-quality defaults. Based on a laboratory experiment featuring a dual-task paradigm, we …

reduced reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even …

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. …

disadvantages are dispersed over numerous periods. We provide novel experimental evidence for "concentration bias", the tendency to … days in exchange for a bonus that is concentrated in time: concentration bias increases subjects' willingness to work by 22 ….4% beyond what standard discounting models could account for. In additional conditions and a complementary experiment involving …