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We study the causal relationship between moral values ("ought" statements) and factual beliefs ("is" statements) and show that, contrary to predictions of orthodox Bayesian models, values exert an influence on beliefs. This effect is mediated by prior political leanings and, thus, contributes to...
Persistent link: https://www.econbiz.de/10012793076
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
We examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank Household Panel survey for Germany. Employing an interdisciplinary approach that integrates insights from political science and psychology, we offer a fresh perspective on the factors...
Persistent link: https://www.econbiz.de/10014632327
social preferences. In a single-period setting, only moderately altruistic leaders use praise as a motivation tool, whereas …
Persistent link: https://www.econbiz.de/10012500507
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...
Persistent link: https://www.econbiz.de/10012438251
Es ist das theoretische Ziel des Forschungsvorhabens, die Bestimmungsfaktoren der "monetäre Stabilität unter Unsicherheit" aus einer Vermögensmarktperspektive und aus einer handlungstheoretischen Perspektive zu erklären. Die im Vermögensmarktansatz bislang nicht explizierten...
Persistent link: https://www.econbiz.de/10010194638
We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...
Persistent link: https://www.econbiz.de/10011993589
Persistent link: https://www.econbiz.de/10013364415
difficultly of selecting workers whose motivation is aligned with the mission of the institution -- in direct contrast to evidence …-wage argument, empirical evidence from developing countries suggests that motivation is weakly increasing in wages. This paper …-wage equilibrium. Importantly, the comparative statics of motivation and wage differ between the equilibria: starting from low …
Persistent link: https://www.econbiz.de/10011281179
State capacity is optimized when public institutions are staffed by individuals with public-service motivation. However … and low aggregate motivation (reputation) in the mission-oriented sector exist. Reforming a low-motivation institution … requires a non-monotonic wage path: since the effect of higher wages on motivation is negative for a highreputation institution …
Persistent link: https://www.econbiz.de/10011552475