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Overconfidence and the political and financial behavior of a representative sample
Bosch-Rosa, Ciril; Kassner, Bernhard; Ahrens, Steffen - 2024
representative sample. Consistent with theoretical predictions, our findings indicate that excessive confidence in one's judgment is …
Persistent link: https://www.econbiz.de/10015075012
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It's not my fault! : self-confidence and experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2018 - Current draft: October 8, 2018
variable environments and revise their self-confidence over time. In contrast, underconfident decision-makers might be trapped …
Persistent link: https://www.econbiz.de/10011930663
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Decomposing the disposition effect
Maier, Johannes K.; Fischer, Dominik Simon - 2021
We theoretically show that there is a fundamental disconnect be- tween the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses re-...
Persistent link: https://www.econbiz.de/10012648374
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Do robo-advisors make us better investors?
Back, Camila; Morana, Stefan; Spann, Martin - 2021
considers the impact of anthropomorphized robo-advisors on investment decisions, with a focus on their ability to mitigate …: the extent of requests for the robo-advisor’s investment advice and perceptions of its socialness. These findings resonate … with cognitive dissonance theory, which predicts that assigning responsibility to the advisor helps investors resolve a …
Persistent link: https://www.econbiz.de/10012500401
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Saving and learning : theory and evidence from saving for child’s college
Zhu, Junyi - 2012
This paper analyzes the main uncertainty of college saving - the child’s ability - in the context of the saving with learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents’ forward-looking saving behavior when they are...
Persistent link: https://www.econbiz.de/10009625571
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Climate change and individual behavior
Bernard, René; Tzamourani, Panagiota; Weber, Michael - 2022
This paper studies the causal effect of providing information about climate changeon individuals’ willingness to pay to offset carbon emissions in a randomizedcontrol trial. Receiving truthful information about ways to reduce CO2 emis-sions increases individuals’ willingness to pay for CO2...
Persistent link: https://www.econbiz.de/10012821798
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Procrastination and learning about self-control
Christensen, Else Gry Bro; Murooka, Takeshi - 2019
We study a model of task completion with the opportunity to learn about own self-control problems over time. While the agent is initially uncertain about her future self-control, in each period she can choose to learn about it by paying a non-negative learning cost and spending one period. If...
Persistent link: https://www.econbiz.de/10012118521
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2019
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
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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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Reputational concerns and advice-seeking at work
Heursen, Lea; Friess, Svenja; Chugunova, Marina - 2023
We examine the impact of reputational concerns on seeking advice. While seeking can improve performance, it may affect how others perceive the seeker's competence. In an online experiment with white-collar professionals (N=2,521), we test how individuals navigate this tradeoff and if others'...
Persistent link: https://www.econbiz.de/10014495025