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Does having insurance change individuals self-confidence?
Guber, Raphael; Kocher, Martin; Winter, Joachim - 2018
case. We show that in an insurance context, being insured against losses that may be incurred in a real-effort task changes … subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of … uninsured subjects are underconfident while those that obtain insurance have well-calibrated beliefs. Our results suggest that …
Persistent link: https://www.econbiz.de/10011899247
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Heterogeneous expectations among professional forecasters
Conrad, Christian; Lahiri, Kajal - 2023
Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity. In this paper, we focus on expectations heterogeneity among professional forecasters. We first present stylized facts and discuss theoretical explanations for heterogeneous...
Persistent link: https://www.econbiz.de/10014472058
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Motivated procrastination
Cordes, Charlotte A.; Friedrichsen, Jana; Schudy, Simeon - 2023
Traditionally, economic models have attributed procrastination to present bias. However, procrastination may also arise when individuals derive anticipatory utility from holding motivated, overly optimistic beliefs about the workload they need to complete. This study provides a rigorous...
Persistent link: https://www.econbiz.de/10014487122
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An economic model of the meat paradox
Hestermann, Nina; Le Yaouanq, Yves; Treich, Nicolas - 2019
Many individuals have empathetic feelings towards animals but frequently consume meat. We investigate this "meat paradox" using insights from the literature on motivated reasoning in moral dilemmata. We develop a model where individuals form self-serving beliefs about the suffering of animals...
Persistent link: https://www.econbiz.de/10012034136
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A model of ideological thinking
Le Yaouanq, Yves - 2018
This paper develops a theory in which heterogeneity in political preferences produces a partisan disagreement about objective facts. A political decision involving both idiosyncratic preferences and scientific knowledge is considered. Voters form motivated beliefs in order to improve their...
Persistent link: https://www.econbiz.de/10011899691
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Learning from unrealized versus realized prices
Ngangoue, M. Kathleen; Weizsäcker, Georg - 2018
Our experiments investigate the extent to which traders learn from the price, differentiating between situations where orders are submitted before versus after the price has realized. In simultaneous markets with bids that are conditional on the price, traders neglect the information conveyed by...
Persistent link: https://www.econbiz.de/10011897066
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Everyone likes to be liked : experimental evidence from matching markets
Opitz, Timm; Schwaiger, Christoph - 2023
Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with them. Through a pre-registered and theory-guided laboratory experiment, we provide evidence that such reciprocal preferences exist, significantly decrease stability in matching...
Persistent link: https://www.econbiz.de/10014476792
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Medical insurance and free choice of physician shape patient overtreatment : a laboratory experiment
Huck, Steffen; Lünser, Gabriele; Spitzer, Florian; … - 2016 - October 2014 (revised June 2016)
the effects of medical insurance and competition in the guise of free choice of physician, including observability of … whether he was perhaps overtreated. We find that with insurance, moral hazard looms on both sides of the market: patients … found to partially offset the adverse effects of insurance: most patients seek treatment, but overtreatment is moderated. …
Persistent link: https://www.econbiz.de/10011490343
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Medical insurance and free choice of physician shape patient overtreatment : a laboratory experiment
Huck, Steffen; Lünser, Gabriele; Spitzer, Florian; … - 2014
stylized way, we study the effects of medical insurance and competition in the guise of free choice of physician. Medical … overtreated. We find that with insurance, moral hazard looms on both sides of the market: patients consult more often and … adverse effects of insurance: most patients seek treatment, but overtreatment is moderated. …
Persistent link: https://www.econbiz.de/10010413597
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Households' probabilistic inflation expectations in high-inflation regimes
Becker, Christoph; Dürsch, Peter; Eife, Thomas A.; … - 2023
Central bank surveys frequently elicit households’ probabilistic beliefs about future inflation. However, most household surveys use a response scale that is tailored towards low-inflation regimes. Using data from a randomized controlled trial included in the Bundesbank Online Panel...
Persistent link: https://www.econbiz.de/10014472800