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Whether monetary incentives to change behavior work and how they should be structured are fundamental economic … questions. We overcome typical data limitations in a large-scale field experiment on vaccination (N = 5, 324) with a unique combi …-nation of administrative and survey data. We find that guaranteed incentives of $20 increase uptake by 13 percentage points in …
Persistent link: https://www.econbiz.de/10015074579
Artificial intelligence (AI) is starting to pervade the economic and social life rendering strategic interactions with artificial agents more and more common. At the same time, experimental economic research has increasingly employed computer players to advance our understanding of strategic...
Persistent link: https://www.econbiz.de/10012120215
In a model where consumers have quasi-hyperbolic preferences, we compare immediate subsidies paid for health-conscious consumption and future subsidies rewarding good health outcome. We characterize the subsidy rates which implement the unbiased choice. These rates differ because of two...
Persistent link: https://www.econbiz.de/10011420788
During the last two decades economists have made much progress in understanding incentives, contracts and organisations … effects of incentives. Economists may fail to understand the levels and the changes in behaviour if they neglect motives like … the desire to reciprocate or the desire to avoid social disapproval. We show that monetary incentives may backfire and …
Persistent link: https://www.econbiz.de/10011409795
be influenced by behavioral interventions and by economic incentives. Despite their effectiveness in other domains, we …
Persistent link: https://www.econbiz.de/10012299541
Both theory and recent empirical evidence on nudging suggest that observability of behavior acts as an instrument for promoting (discouraging) pro-social (anti-social) behavior. We connect three streams of literature (nudging, social preferences, and social norms) to investigate the universality...
Persistent link: https://www.econbiz.de/10012158705
Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. In a number of incentivized laboratory experiments we show that a large majority of participants either strongly underestimate skewness or ignore it completely. Participants...
Persistent link: https://www.econbiz.de/10010345197
We investigate the effect of an EU-wide consumer protection regulation on consumer trust as well as consumer behavior. The Unfair Commercial Practice Directive (UCPD) was implemented by EU member states between 2007 and 2010. We utilize data from the Special and Flash Eurobarometer for the years...
Persistent link: https://www.econbiz.de/10012157233
and merchants that allow the collection of profiling information which drives innovation and welfare. Private incentives … competition between two platforms to study private and social incentives to share information. Sharing information can be welfare … price regulation over information sharing like the one applied in the EU jurisdiction increases the incentives of big …
Persistent link: https://www.econbiz.de/10014365917
-enhancing innovation incentives by a monopolist-who derives revenues solely from disclosing user data to third parties-and consumer surplus …
Persistent link: https://www.econbiz.de/10014310059