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Enke, Benjamin; Zimmermann, Florian - 2013

learning. -- beliefs ; correlation neglect ; experiments ; markets ; overshooting … and treat correlated information as independent. In consequence, people's beliefs are excessively sensitive to well …-connected information sources, implying a pattern of "overshooting" beliefs. Additionally, in an experimental asset market, correlation …

Persistent link: https://www.econbiz.de/10009740017

Concern for relative standing and deception

Galanis, Spyros; Vlassopoulos, Michael - 2014

We report results from a sender-receiver deception game, which tests whether an individual's decision to deceive is influenced by a concern for relative standing in a reference group. The sender ranks six possible outcomes, each specifying a payoff for him and the receiver. A message is then...

Persistent link: https://www.econbiz.de/10010404042

Rational addiction and time consistency : an empirical test

Piccoli, Luca; Tiezzi, Silvia - 2020

This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its derived demand equation is not empirically distinguishable from models with forward looking behavior, but with time inconsistent preferences. The implication is that, even when...

Persistent link: https://www.econbiz.de/10012160910

Eggs when young, chicken when old : time consistency and addiction over the life cycle

Piccoli, Luca; Tiezzi, Silvia - 2023

This paper tests whether young and adult smokers have different time preferences, in particular with respect to time consistency. The recent introduction of Tobacco 21 law in the US were in part motivated by allegedly inconsistent time preferences of the young consumers. This research...

Persistent link: https://www.econbiz.de/10014326453

On monetary and non-monetary interventions to combat corruption

Banerjee, Ritwik; Mitra, Arnab - 2017

The paper studies the relative effectiveness of extrinsic monetary disincentives and intrinsic non-monetary disincentives to corruption. In doing so, we also test the Beckarian prediction that at the same level of expected payoff, a low probability of detection with high penalty is a stronger...

Persistent link: https://www.econbiz.de/10011625352

Locus of control and consistent investment choices

Pinger, Pia; Schäfer, Sebastian; Schumacher, Heiner - 2018

We document that an internal locus of control can be hindering in financial market situations, where short-term outcomes are determined by chance. The reason is that internally controlled individuals may tend to (over-)react to random outcomes. Our evidence is based on an experiment in which...

Persistent link: https://www.econbiz.de/10011865329

Delay of gratification and the role of defaults : an experiment with kindergarten children

Sutter, Matthias; Yilmaz, Levent; Oberauer, Manuela - 2015

The ability to delay gratification has been shown to be related to higher education and income and better health status. We study in an experiment with 336 kindergarten children, aged three to six years, whether intertemporal choice behavior is malleable. In a control condition, about 50% of...

Persistent link: https://www.econbiz.de/10011317627

Donations, risk attitudes and time preferences : a study on altruism in primary school children

Angerer, Silvia; Glätzle-Rützler, Daniela; … - 2014

We study with a sample of 1,070 primary school children, aged seven to eleven years, how altruism in a donation experiment is related to children's risk attitudes and intertemporal choices. Examining such a relationship is motivated by theories of reciprocal altruism that provide a cornerstone...

Persistent link: https://www.econbiz.de/10010257602

How do informal agreements and renegotiation shape contractual reference points?

Fehr, Ernst; Hart, Oliver D.; Zehnder, Christian - 2011

Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...

Persistent link: https://www.econbiz.de/10009517867

The effect of self-awareness and competition on dishonesty

Çıbık, Ceren Bengü; Sgroi, Daniel - 2021

We provide the first investigation of the relationship between self-awareness and dis- honesty in a multi-wave pre-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the impact on behaviour in tasks that include...

Persistent link: https://www.econbiz.de/10012494900

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