Showing 1 - 10 of 968
We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted … and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price …'s reputation) by another available advert. To explain the transactions observed on the platform, we derive and estimate a …
Persistent link: https://www.econbiz.de/10010436160
the economics literature. The underlying assumption of this model is that agents have a "present bias" toward current … discounting for the length of delay). We report a meta-analytic dataset of estimates of the present bias parameter β based on … publication bias in the direction of overestimating the strength of present-bias (making β estimates smaller), but present bias …
Persistent link: https://www.econbiz.de/10012603224
bias for money. In this paper, we compare estimates of present bias for money with estimates for healthy and unhealthy … bias for both money and food, and that individual measures of present bias are moderately correlated across reward types …
Persistent link: https://www.econbiz.de/10012242348
The formation of expectations is a fundamental part of the process when people decide about engaging in an entrepreneurial venture. We evaluate the accuracy of newly self-employed people's predictions of their overall future wellbeing. Based on individual panel data for Germany, we find that...
Persistent link: https://www.econbiz.de/10011738890
The belief that home ownership makes people happy is probably one of the most widespread intuitive theories of happiness. However, whether it is accurate is an open question. Based on individual panel data, we explore whether home buyers systematically overestimate the life satisfaction...
Persistent link: https://www.econbiz.de/10012254078
We propose a broadly applicable empirical approach to classify individuals as time-consistent versus naïve or sophisticated regarding their self-control limitations. Operationalizing our approach based on nationally representative data reveals that self-control problems are pervasive and that...
Persistent link: https://www.econbiz.de/10012600894
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
This paper investigates the role of biased health perceptions as driving forces of risky health behavior. We define absolute and relative health perception biases, illustrate their measurement in surveys and provide evidence on their relevance. Next, we decompose the theoretical effect into its...
Persistent link: https://www.econbiz.de/10012228534
Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to...
Persistent link: https://www.econbiz.de/10003859319
This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...
Persistent link: https://www.econbiz.de/10010409785