Showing 1 - 10 of 4,833
by 8 - 15% compared to only offering a pay-per-use contract. -- access services ; pricing contracts ; decision biases … ; experiment …
Persistent link: https://www.econbiz.de/10009489036
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
The paper reports laboratory experiments on a day-to-day route choice game with two routes. Subjects had to choose between a main road M and a side road S. The capacity was greater for the main road. 18 subjects participated in each session. In equilibrium the number of subjects is 12 on M and 6...
Persistent link: https://www.econbiz.de/10011506494
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
to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …. Third, we find that once people have made a decision, they tend to repeat it, demonstrating a strong preference for the …
Persistent link: https://www.econbiz.de/10012694052
Firms often discourage certain categories of individuals from buying their products, seemingly at odds with typical assumptions about profit maximization. This paper provides a potential rationale for such firm behavior: Consumers seek to signal that they have "desirable" ideological values to...
Persistent link: https://www.econbiz.de/10013285514
Most large-scale economic experiments use a between-subjects random incentive system-BRIS-which selects a subset of the participants at random and offers real payment only to the selected participants. We evaluate the relative impact of nominal payoffs and the selection probability on the...
Persistent link: https://www.econbiz.de/10011500169
the public good and leisure is valuable. Existing experiments start with a given number of "tokens" for each decision … to (or simultaneously with) the decision of how to allocate that income between private and public goods. -- decision …
Persistent link: https://www.econbiz.de/10008697050
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
Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks … exploration and exploitation, which can be highly dependent on individual preferences. In an online experiment, we study whether … rather than exploitation, and model the participants' decision-making processes using a learning model comparable to the …
Persistent link: https://www.econbiz.de/10013482224