Showing 1 - 10 of 1,503
A long-standing puzzle is how overconfidence can persist in settings characterized by repeated feedback. This paper studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each time. Using reduced form and structural methods we...
Persistent link: https://www.econbiz.de/10014311540
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...
Persistent link: https://www.econbiz.de/10003716522
In this paper, we take a comprehensive and multidisciplinary look at terrorism sentencing decisions over a 17-year period, between September 2001 when the ATA was first conceived of and September 2018. In so doing, we first offer an empirical analysis of the sentences for all terrorism offenses...
Persistent link: https://www.econbiz.de/10011996408
Overconfidence is a well-established bias in which someone's subjective confidence in their own judgments is … dramatic consequences. To test whether the overconfidence bias affects the decision of backcountry skiers to go on a ski trip …
Persistent link: https://www.econbiz.de/10010513329
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 …
Persistent link: https://www.econbiz.de/10011996314
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 … "gun control" and the "existence of God". Results documented a confirmation bias in both information exposure and perceived …
Persistent link: https://www.econbiz.de/10012213878
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
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 …
Persistent link: https://www.econbiz.de/10013286207
-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the …
Persistent link: https://www.econbiz.de/10012494900
aversion, decoy effect, anchoring bias, endowment effect, and identifiable-victim bias. In our experiment, DMfO is DMfO …). We conduct a laboratory experiment in which subjects make decision on behalf of themselves and others in eighteen tasks … that measure the following biases: present-bias in time preferences, reflection effect in risk preferences, ambiguity …
Persistent link: https://www.econbiz.de/10011949189