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This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...
Persistent link: https://www.econbiz.de/10013191595
revealed. In a field experiment in secondary schools, students received information about their absolute rank in the last math …
Persistent link: https://www.econbiz.de/10012033544
Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time … pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure …. In the context of risky decisions, we ask whether a person's performance under time pressure can be predicted by …
Persistent link: https://www.econbiz.de/10011899690
We demonstrate in a laboratory experiment in which subjects play a two-player Cournot-Tullock game over hundreds of … periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and … 'physical time.' …
Persistent link: https://www.econbiz.de/10013326949
run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are …
Persistent link: https://www.econbiz.de/10012390729
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We outline a procedure for combining six cross-sections of the German Sample Survey of Income and Expenditure, and discuss potential pitfalls of such a venture. Particularly, we investigate the consequences of a major break in the survey design for inter-temporal comparisons of expenditure...
Persistent link: https://www.econbiz.de/10003952561
This paper updates and extends Friedman's (1972) evidence on the lag between monetary policy actions and the response of inflation. Our evidence is based on UK and US data for the period 1953 2001 on money growth rates, inflation, and interest rates, as well as annual data on money growth and...
Persistent link: https://www.econbiz.de/10011518018