Narrow search
Showing 1 - 10 of 2,235
Cover Image
Testing the advantages of conscious vs. unconscious thought for complex decisions in a distraction free paradigm
McElroy, Todd; Dickinson, David L. - 2016
decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we … processing in complex decision making. …
Persistent link: https://www.econbiz.de/10011580853
Cover Image
Economic consequences of mispredicting utility
Frey, Bruno S.; Stutzer, Alois - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009753717
Cover Image
Incentives and the allocation of effort over time : the joint role of affective and cognitive decision making
Goette, Lorenz (contributor); Huffman, David (contributor) - 2006
We use natural experiments plausibly exogenous, anticipated increases in the piece rate to study how effort responds to incentives. Our first finding, like some previous studies, lends little support to the view that incentives increase effort: raising the piece rate has zero effect on total...
Persistent link: https://www.econbiz.de/10003489059
Cover Image
Cognitive skills explain economic preferences, strategic behavior, and job attachment
Burks, Stephen V.; Carpenter, Jeffrey P.; Götte, Lorenz; … - 2008
Economic analysis has said little about how an individual's cognitive skills (CS's) are related to the individual's preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to each other. Using a sample of 1,000 trainee truckers...
Persistent link: https://www.econbiz.de/10003739951
Cover Image
Equality, equity and incentives : an experiment
Balafoutas, Loukas; Kocher, Martin; Putterman, Louis G.; … - 2010
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects eithervote on or exogenously...
Persistent link: https://www.econbiz.de/10009011596
Cover Image
Cognitive ability and paternalism
Saint-Paul, Gilles - 2002
This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...
Persistent link: https://www.econbiz.de/10011414080
Cover Image
Cognition, economic decision-making, and physiological response to indoor carbon dioxide : does it really matter?
Flagner, Stefan; Meissner, Thomas; Künn, Steffen; … - 2024
This study provides novel evidence on the isolated effect of carbon dioxide on cognition, economic decision-making, and … without suffering significant cognitive decline, changes in decision-making or showing any physiological response. …
Persistent link: https://www.econbiz.de/10014535303
Cover Image
Deadlines and cognitive limitations
Altmann, Steffen; Traxler, Christian; Weinschenk, Philipp - 2017
This paper studies the interplay between deadlines and cognitive limitations. We analyze an agent's decision to …
Persistent link: https://www.econbiz.de/10011760092
Cover Image
The dynamics of inattention in the (baseball) field
Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically … performance later. In this paper, we exploit high-frequency data on decision-making by Major League Baseball umpires to examine …
Persistent link: https://www.econbiz.de/10012549756
Cover Image
Anchoring in financial decision-making : evidence from the field
Jetter, Michael; Walker, Jay K. - 2016
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 no rational reason to do so. More than half of all wagers occur … manifests itself among college students. Overall, our findings suggest anchoring plays a substantial role in financial decision …
Persistent link: https://www.econbiz.de/10011526727