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One theory for why there is an education gradient in health outcomes is that more educated individuals more quickly … absorb new health-related information. The measles, mumps, and rubella (MMR) controversy provides a case where, for a short …
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which an agent's decision to engage in health risk denial balances the psychological benefits of reduced anxiety with the …People deny health risks, invest too little in disease prevention, and are highly sensitive to the price of … preventative health care, especially in developing countries. Moreover, private sector R and D spending on developing …
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We analyze both theoretically and empirically how monetary incentives and information about others’ behavior affect dishonesty. We run a laboratory experiment with 560 participants, each of whom observes a number from one to six with there being a payoff associated with each number. They can...
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I derive a social planner's optimal information design in an environment with quasi-hyperbolic discounting consumers without commitment. Consumption induces instantaneous utility, but unknown delayed cost. Consumers may or may not acquire additional costless information on the cost parameter....
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There are many important decision problems where learning through experimentation is costly or impossible. In these situations, individuals may try to learn from observing the outcomes of others who have made similar decisions. Often, however, information about others comprises a selected...
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Digitalization has changed existing business models and enabled new ones. This development has been accompanied by the emergence of new pricing options and the possibility of applying established pricing models in new domains. Today, consumers can, for example, pay for accessing a product...
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