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There are many important decision problems where learning through experimentation is costly or impossible. In these situations, individuals may try to learn from observing the outcomes of others who have made similar decisions. Often, however, information about others comprises a selected...
Persistent link: https://www.econbiz.de/10011982107
external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …
Persistent link: https://www.econbiz.de/10011930663
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
stylized laboratory experiment to investigate the causal effect of an increase in confidence on two important choices made by …
Persistent link: https://www.econbiz.de/10012238957
Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities causally map into actions is, however, sparse. In this paper, we experimentally investigate the causal effect of an increase in confidence about one's own ability on two central...
Persistent link: https://www.econbiz.de/10012064447
Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities causally map into actions is, however, sparse. In this paper, we experimentally investigate the causal effect of an increase in confidence about one's own ability on two central...
Persistent link: https://www.econbiz.de/10011964220
Persistent link: https://www.econbiz.de/10009426267
Confidence is often seen as the key to success. Empirical evidence about whether such beliefs causally map into actions is, however, sparse. In this paper, we experimentally investigate the causal effect of an increase in confidence about one's own ability on two central choices made by workers...
Persistent link: https://www.econbiz.de/10011778918
subsequent charitable giving. To do so, we conduct a two-period artefactual field experiment to study repeated donation decisions …
Persistent link: https://www.econbiz.de/10012430934
How can naivete about present bias persist despite experience? To answer this question, our experiment investigates …
Persistent link: https://www.econbiz.de/10011976128