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Still in search of the sunk cost bias
Negrini, Marcello; Riedl, Arno; Wibral, Matthias - 2020
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
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Almost fare free : impact of a cheap public transport ticket on mobility patterns and infrastructure quality
Liebensteiner, Mario; Losert, Jakob; Necker, Sarah; … - 2024
In 2022, Germany introduced a temporary 9-euro monthly ticket for unlimited local and regional public transport. We investigate its impact on mobility patterns, including increased public transport usage, reduced car traffic, and rail network congestion. Using difference-in-difference and...
Persistent link: https://www.econbiz.de/10014632328
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Cooperating, fast and slow : testing the social heuristics hypothesis
Strømland, Eirik; Tjøtta, Sigve; Torsvik, Gaute - 2016
Heuristics Hypothesis (SHH) proposes that fast instinctive decision making promotes cooperation in social dilemmas. In this paper …
Persistent link: https://www.econbiz.de/10011458007
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Audi alteram partem : an experiment on selective exposure to information
Montanari, Giovanni; Nunnari, Salvatore - 2023
rate neglect and simple heuristics (e.g., listen to the most reliable source) are important drivers of the endogenous …
Persistent link: https://www.econbiz.de/10014383694
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Cognitive flexibility or moral commitment? : evidence of anticipated belief distortion
Saccardo, Silvia; Serra-Garcia, Marta - 2020
Do people anticipate the conditions that enable them to manipulate their beliefs when confronted with unpleasant information? We investigate whether individuals seek out the "cognitive flexibility" needed to distort beliefs in self-serving ways, or instead attempt to constrain it, committing to...
Persistent link: https://www.econbiz.de/10012271757
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Norms and guilt
Danilov, Anastasia; Khalmetski, Kiryl; Sliwka, Dirk - 2018
It has been argued that guilt aversion (the aversion to violate others' expectations) and the compliance to descriptive social norms (the aversion to act differently than others in the same situation) are important drivers of human behavior. We show in a formal model that both motives are...
Persistent link: https://www.econbiz.de/10011825251
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Motivated procrastination
Cordes, Charlotte A.; Friedrichsen, Jana; Schudy, Simeon - 2024
Procrastination is often attributed to time-inconsistent preferences but may also arise when individuals derive anticipatory utility from holding optimistic beliefs about their future effort costs. This study provides a rigorous empirical test for this notion of ‘motivated procrastination’....
Persistent link: https://www.econbiz.de/10014517966
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Cross-game learning and cognitive ability in auctions
Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021
Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...
Persistent link: https://www.econbiz.de/10012668312
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Concentration bias in intertemporal choice
Dertwinkel-Kalt, Markus; Gerhardt, Holger; Riener, Gerhard - 2021
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 … monetary payments, we study the mechanisms behind concentration bias and demonstrate the robustness of our findings. …
Persistent link: https://www.econbiz.de/10012500576
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Beliefs as a means of self-control? : evidence from a dynamic student survey
Bönisch, Felix; König, Tobias; … - 2024
We repeatedly elicit beliefs about the returns to study effort, in a large university course. A behavioral model of quasi-hyperbolic discounting and malleable beliefs predicts that the dynamics of beliefs mirrors the importance of exerting self-control, such that believed returns increase as the...
Persistent link: https://www.econbiz.de/10014490754