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We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision …
Persistent link: https://www.econbiz.de/10012118611
Existing theoretical and experimental studies have established that unanimity is a poor decision rule for promoting … responsibility for the committee's decision is equally distributed across all agents. We test our predictions in a controlled … laboratory experiment. As predicted, if unanimity is required, subjects are more truthful, respond more to others' messages, and …
Persistent link: https://www.econbiz.de/10011696383
objective facts. A political decision involving both idiosyncratic preferences and scientific knowledge is considered. Voters …
Persistent link: https://www.econbiz.de/10011899691
This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of …
Persistent link: https://www.econbiz.de/10012499843
In many economic contexts, an elusive variable of interest is the agent's belief about relevant events, e.g. about other agents' behavior. A growing number of surveys and experiments ask participants to state beliefs explicitly but little is known about the causal relation between beliefs and...
Persistent link: https://www.econbiz.de/10009583740
Informal exchange of information among competitors has been well-documented in a variety of industries, and one's expectation of reciprocity shown to be a key determinant. We use an indeterminate horizon centipede game to establish a feedback loop in the laboratory and show that an individual's...
Persistent link: https://www.econbiz.de/10012055632
Persistent link: https://www.econbiz.de/10015055869
of the decision mode), the trait level (using individual difference measures of the decision mode), and their interaction … on cooperative behavior. In a survey experiment with a representative sample of the Swedish population (N = 1,828), we … elicited the individuals’ primary decision mode and experimentally varied whether individuals could rely on their preferred …
Persistent link: https://www.econbiz.de/10012237149
sense-making explanation (or narrative). Using a theory-driven experiment, we investigate the mechanics of such narrative …
Persistent link: https://www.econbiz.de/10014532535
sense-making explanation (or narrative). Using a theory-driven experiment, we investigate the mechanics of such narrative …
Persistent link: https://www.econbiz.de/10014537296