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Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...
Persistent link: https://www.econbiz.de/10003845575
We study how website defaults affect consumer behavior in the domain of charitable giving. In a field experiment that was conducted on a large platform for making charitable donations over the web, we exogenously vary the default options in two distinct choice dimensions. The first pertains to...
Persistent link: https://www.econbiz.de/10010441688
We investigate whether two crucial determinants of economic decision making willingness to take risks and willingness to trust other people are transmitted from parents to children. Our evidence is based on survey questions that ask about these attitudes directly, and are good measures in the...
Persistent link: https://www.econbiz.de/10003481849
A central assumption of the canonical cheap talk literature is that people misreport their private information if this is to their material benefit. Recent evidence from laboratory experiments with student subjects suggests, however, that while many people do report the payoff-maximizing...
Persistent link: https://www.econbiz.de/10009629592
Persistent link: https://www.econbiz.de/10002071958
Persistent link: https://www.econbiz.de/10002043960
We document individual willingness to fight climate change and its behavioral determinants in a large representative sample of US adults. Willingness to fight climate change - as measured through an incentivized donation decision - is highly heterogeneous across the population. Individual...
Persistent link: https://www.econbiz.de/10012583671
inputs inside their boundaries. This observation is difficult to reconcile with the property rights approach of the firm … this paper we introduce economies of scope into a property rights model where a producer contracts with two suppliers. The … decides whether to offshore inputs. -- multinational firms ; outsourcing ; intra-firm trade ; property rights approach …
Persistent link: https://www.econbiz.de/10009539235
Promotion tournaments play an important role for the provision of incentives in firms. In this paper, we extend research on single-stage rank-order tournaments and analyze behavior in multi-stage elimination tournaments. The main treatment of our laboratory experiment is a two-stage tournament...
Persistent link: https://www.econbiz.de/10003777950
"Prominent economic theories have emphasized the role of commonly held perceptions and expectations for determining macroeconomic outcomes. A key empirical question is how such collectively held beliefs are formed. We use the FIFA World Cup 2006 as a natural experiment. We provide direct...
Persistent link: https://www.econbiz.de/10003359287