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 …

The confirmation bias is a well-known form of motivated reasoning that serves to protect an individual from cognitive …. Because there is often systematic thought involved in generating the confirmation bias, deliberation tends to promote this … behavioral bias. Nevertheless, the importance of negative emotion in triggering the need for this bias is underappreciated. This …

). We conduct a laboratory experiment in which subjects make decision on behalf of themselves and others in eighteen tasks … aversion, decoy effect, anchoring bias, endowment effect, and identifiable-victim bias. In our experiment, DMfO is DMfO …We examine whether biases identified in the behavioral-economics literature apply in decision-making for others (DMfO …

suggesting the confirmation bias may be unlike other decision biases - this bias may thrive when the decision maker is more is …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 …

When making judgments, individuals often utilize heuristics to interpret information. We report on a series of … experiments designed to test the ways in which incentive mechanisms influence the use of a particular heuristic in decision …

dramatic consequences. To test whether the overconfidence bias affects the decision of backcountry skiers to go on a ski trip …Overconfidence is a well-established bias in which someone's subjective confidence in their own judgments is …

cities. We dwell into concepts of bounded rationality to describe the cognitive biases and heuristics affecting decision …

endogeneity and attrition/non-response bias, using two instrumental variables. Making use of a discrete instrument for the … as the total population and suggest non- and semiparametric estimators. We apply the latter to a randomized experiment at …

Viewed through the lens of the prominent two-system model of decision making, behavioral economics is seen as studying … improved the welfare of behavioral agents. We advance the notion of counter-biasing by demonstrating that one bias (present … bias) can be pit against another (choking at high stakes) to counteract the ill effects of the second. Our results …