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The city as a self-help book : the psychology of urban promises
Cardoso, Rodrigo V.; Meijers, Evert J.; Ham, Maarten van; … - 2017
cities. We dwell into concepts of bounded rationality to describe the cognitive biases and heuristics affecting decision …
Persistent link: https://www.econbiz.de/10011641466
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The effect of language on economic behavior : experimental evidence from children's intertemporal choices
Sutter, Matthias; Angerer, Silvia; Glätzle-Rützler, … - 2015
than Italian-speaking children to delay gratification in an intertemporal choice experiment. The difference remains …
Persistent link: https://www.econbiz.de/10011346563
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Collective intertemporal decisions and heterogeneity in groups
Glätzle-Rützler, Daniela; Lergetporer, Philipp; … - 2021
Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...
Persistent link: https://www.econbiz.de/10012415076
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Does decentralization of decisions increase the stability of large groups?
Bjedov, Tjaša; Lapointe, Simon; Madiès, Thierry; … - 2018
Using a laboratory experiment with nested local and global public goods, we analyze the stability of global groups when … individuals have the option to separate, according to the degree of decentralization of decision-making. We show that increasing …
Persistent link: https://www.econbiz.de/10011803271
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How cognitive skills affect strategic behavior : cognitive ability, fluid intelligence and judgment
Gill, David; Knepper, Zachary; Prowse, Victoria; Zhou, Junya - 2024
We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
Persistent link: https://www.econbiz.de/10014584425
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Cognitive abilities and behavioral biases
Oechssler, Joerg (contributor); Roider, Andreas (contributor) - 2008
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
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Gender, affect and intertemporal consistency : an experimental approach
McLeish, Kendra N. (contributor);  … - 2007
"We conduct experiments in which participants made multiple intertemporal decisions throughout a seven week period. In addition to exploring dynamic consistency and the stability of single period discount rates, our experiments introduce a manipulation to identify the role of positive and...
Persistent link: https://www.econbiz.de/10003479622
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Can anyone be "The" one? : Evidence on mate selection from speed dating
Belot, Michèle (contributor);  … - 2006
Marriage data show a strong degree of positive assortative mating along a variety of attributes. But since marriage is an equilibrium outcome, it is unclear whether positive sorting is the result of preferences rather than opportunities. We assess the relative importance of preferences and...
Persistent link: https://www.econbiz.de/10003480144
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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
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Strategic sophistication of individuals and teams in experimental normal-form games
Sutter, Matthias; Czermak, Simon; Feri, Francesco - 2010
only 40% for individuals. -- Strategic sophistication ; beliefs ; experiment ; team decision making ; individual decision …We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash …
Persistent link: https://www.econbiz.de/10003938152