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than Italian-speaking children to delay gratification in an intertemporal choice experiment. The difference remains …
Persistent link: https://www.econbiz.de/10011346563
Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...
Persistent link: https://www.econbiz.de/10012415076
Using a laboratory experiment with nested local and global public goods, we analyze the stability of global groups when …
Persistent link: https://www.econbiz.de/10011803271
We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
Persistent link: https://www.econbiz.de/10014584425
., 1988). We tested this assumption in three experiments. In the first experiment, information was openly presented, whereas … in the second experiment the standard Mouselab program was used under different time limits. The results indicate that … the experimental procedure. In a third experiment, these results were replicated using more complex decision tasks, and …
Persistent link: https://www.econbiz.de/10003730760
It has been shown that in decision making evaluations of evidence and attributes are modified. In three studies it was investigated if this finding of coherence shifts generalizes to real-world probabilistic inference decisions which are made from given probabilistic cues. Using a...
Persistent link: https://www.econbiz.de/10003731154
Socio-economic decisions are commonly explained by rational cost vs. benefit considerations, whereas person variables have not usually been considered. The present study aims at investigating the degree to which dispositional power motivation and affective states predict socio-economic...
Persistent link: https://www.econbiz.de/10003731164
Common research on decision-making investigates non-interdependent situations, i.e., games against natureʺ. However, humans are social beings and many decisions are made in social settings, where they mutually influence each other, i.e., strategic gamesʺ. Mathematical game theory gives a...
Persistent link: https://www.econbiz.de/10003861848
In recent years, numerous studies comparing intuition and deliberation have been published. However, until now relatively little is known about the cognitive processes underlying the two decision modes. Therefore, we analyzed processes of information search and integration using eye-tracking...
Persistent link: https://www.econbiz.de/10003862304
Three studies sought to investigate decision strategies in memory-based decisions and to test the predictions of the parallel constraint satisfaction (PCS) model for decision making (Glöckner & Betsch, 2008). Time pressure was manipulated and the model was compared against simple heuristics...
Persistent link: https://www.econbiz.de/10003862388