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Some contributions of economics to the study of personality
Heckman, James J.; Jagelka, Tomáš; Kautz, Tim - 2019
This paper synthesizes recent research in economics and psychology on the measurement and empirical importance of personality skills and preferences. They predict and cause important life outcomes such as wages, health, and longevity. Skills develop over the life cycle and can be enhanced by...
Persistent link: https://www.econbiz.de/10012136850
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Beliefs and utility : experimental evidence on preferences for information
Falk, Armin; Zimmermann, Florian - 2016
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011528156
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Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012
-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …
Persistent link: https://www.econbiz.de/10009631456
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Internal and external validity of experimental risk and time preferences
Belzil, Christian; Sidibé, Modibo - 2016
Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable …
Persistent link: https://www.econbiz.de/10011580855
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Disappointment aversion and social comparisons in a real-effort competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition … Prowse experiment, where the latter treatment removes the scope for social comparisons. If disappointment aversion simply …
Persistent link: https://www.econbiz.de/10011647659
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Estimating coherency between survey data and incentivized experimental data
Belzil, Christian; Pernaudet, Julie; Poinas, François - 2021
distribution using a highly incentivized field experiment in which the same set of individuals participated. In the experimental … weight to a specific set of determinants in the experiment and in the survey and that the valuations of financial aid are … rank incoherent. About 66% of Biased Incoherency (defined as the tendency to have a higher valuation rank in the experiment …
Persistent link: https://www.econbiz.de/10012596232
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Advanced counter-biasing
Carpenter, Jeffrey P.; Benscheidt, Kevin - 2019
Viewed through the lens of the prominent two-system model of decision making, behavioral economics is seen as studying the tension between impulses (System 1) and rationality (System 2). In this context, two strategies, "de-biasing" informing agents of their biases and "counter-biasing" using...
Persistent link: https://www.econbiz.de/10011996314
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Testing the advantages of conscious vs. unconscious thought for complex decisions in a distraction free paradigm
McElroy, Todd; Dickinson, David L. - 2016
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
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The impact of distributional preferences on (experimental) markets for expert services
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2009
as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either … ; experiment …
Persistent link: https://www.econbiz.de/10003931304
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The economics of credence goods : on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the … higher efficiency as long as liability is violated. -- Credence goods ; experiment ; liability ; verifiability ; reputation …
Persistent link: https://www.econbiz.de/10003814341