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Control, cost, and confidence : perseverance and procrastination in the face of failure
Deimen, Inga; Wirtz, Julia - 2020
Persistent link: https://www.econbiz.de/10012820406
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Laplace and cognitive illusions
Kahneman, Daniel; Bar-Hillel, Maya - 2020
Persistent link: https://www.econbiz.de/10013364388
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Common information-processing irrationality as trade creator
Klishchuk, Bogdan - 2020
We show that a common (identical across investors) irrationality in information processing can be enough to create nontrivial trade, using one of standard partial-equilibrium environments. We can attribute this trade to their common irrationality because we strip the investors and their...
Persistent link: https://www.econbiz.de/10012266529
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Persuasion against self-control problems
Wangenheim, Jonas von - 2018
I derive a social planner's optimal information design in an environment with quasi-hyperbolic discounting consumers without commitment. Consumption induces instantaneous utility, but unknown delayed cost. Consumers may or may not acquire additional costless information on the cost parameter....
Persistent link: https://www.econbiz.de/10011902726
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Preference dynamics : a procedurally rational model of time and effort allocation
Krecik, Markus - 2024
Current time allocation and household production models face three major weaknesses: First, they only describe the average time allocation. Thus, information about the order of activities is lost. Therefore, it is impossible to describe the influence of activities on later ones. Such...
Persistent link: https://www.econbiz.de/10014480143
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Rationality is not consistency
Caliari, Daniele - 2023
We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … incorrect identification strategies. We conduct an experiment to investigate the factors that drive violations of consistency …
Persistent link: https://www.econbiz.de/10014323610
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Ever since Allais
Dembo, Aluma; Kariv, Shachar; Polisson, Matthew; Quah, … - 2021
Persistent link: https://www.econbiz.de/10012821448
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An experimental analysis of overconfidence in tarif choice
Dowling, Katharina; Spann, Martin; Stich, Lucas - 2019
Digitalization has changed existing business models and enabled new ones. This development has been accompanied by the emergence of new pricing options and the possibility of applying established pricing models in new domains. Today, consumers can, for example, pay for accessing a product...
Persistent link: https://www.econbiz.de/10012033570
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Social norms and market behavior : evidence from a large population sample
Riehm, Tobias; Fugger, Nicolas; Gillen, Philippe; … - 2021
large-scale experiment with a heterogeneous population sample from Germany. The majority of experimental participants …
Persistent link: https://www.econbiz.de/10012431941
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On the causes and consequences of deviations from rational behavior
Zēgners, Dainis; Sunde, Uwe; Strittmatter, Anthony - 2020
This paper presents novel evidence for the prevalence of deviations from rational behavior in human decision making - and for the corresponding causes and consequences. The analysis is based on move-by-move data from chess tournaments and an identification strategy that compares behavior of...
Persistent link: https://www.econbiz.de/10012237567