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Viewed through the lens of the prominent two-system model of decision making, behavioral economics is seen as studying the tension between impulses (System 1) and rationality (System 2). In this context, two strategies, "de-biasing" informing agents of their biases and "counter-biasing" using...
Persistent link: https://www.econbiz.de/10011996314
In this paper we present a counterfactual evaluation of the effect of ICT resources at school on student achievements conducted in Italy. In 2009 156 classes at 6th grade were endowed with additional resources earmarked for purchasing ICT equipments only. By selecting an equivalent number of...
Persistent link: https://www.econbiz.de/10010510702
of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment … understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
Persistent link: https://www.econbiz.de/10010364492
confirmed in a real effort experiment. -- Team ; transparency ; peer pressure ; free-riding ; incentives ; inequity aversion … ; real effort ; experiment …
Persistent link: https://www.econbiz.de/10003652683
natural disasters. This paper provides some of the first experimental evidence on strategies to minimize learning loss when … support their child. The combined treatment cost-effectively improves learning by 0.12 standard deviations. We develop remote … assessment innovations, which show robust learning outcomes. Our findings have immediate policy relevance and long …
Persistent link: https://www.econbiz.de/10012390793
financial incentives can increase the saving rate of individuals with low and irregular income. Our experiment lasted for six …
Persistent link: https://www.econbiz.de/10011497226
This paper analyzes 12,596 wagering decisions of 6,064 contestants in the US game show Jeopardy!, focusing on the anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue in their wagering decision, even though there exists...
Persistent link: https://www.econbiz.de/10011526727
We present a framework that incorporates both moral motivations and fairness considerations into utility. The main idea is that individuals face a preference trade-off between their material individual interest and their desire to follow moral norms. In our model, we assume that moral motivation...
Persistent link: https://www.econbiz.de/10012138532
In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we use a method of manipulating conscious and...
Persistent link: https://www.econbiz.de/10011580853
Existing research has documented the confirmation bias in the domain of politics, but relatively little research has examined the confirmation bias in religion. I developed a novel task in the religious domain and compare confirmation bias evidence to that observed in the political domain. Using...
Persistent link: https://www.econbiz.de/10012213878