Similar Search Results

Concentration bias in intertemporal choice

Dertwinkel-Kalt, Markus; Gerhardt, Holger; Riener, Gerhard - 2021

Many intertemporal trade-offs are unbalanced: while the advantages of options are concen- trated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for “concentration bias”, the tendency to overweight advantages that are...

Persistent link: https://www.econbiz.de/10012499569

Attention to the macroeconomy

Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2023

We provide evidence on the dynamics, drivers, and consequences of attention to the macroeconomy using tailored panel … surveys of German firms and households. Draw-ing on novel measures of attention based on open-ended questions collected before … and during a historic shock to inflation, we document three sets of results: First, at-tention to the macroeconomy is …

Persistent link: https://www.econbiz.de/10014382474

Subjective models of the macroeconomy: evidence from experts and representative samples

Andre, Peter; Pizzinelli, Carlo; Roth, Christopher; … - 2021

households’ attention to ei-ther supply-side or demand-side channels. Moreover, households with diﬀerent personal experiences …

Persistent link: https://www.econbiz.de/10012663050

Identity and economic incentives

Donkor, Kwabena; Götte, Lorenz; Müller, Maximilian; … - 2023

This paper examines how beliefs and preferences drive identity-conforming consumption or investments. We introduce a theory that explains how identity distorts individuals' beliefs about potential outcomes and imposes psychic costs on benefiting from identity-incongruent sources. We substantiate...

Persistent link: https://www.econbiz.de/10014452591

When product markets become collective traps : the case of social media

Bursztyn, Leonardo; Handel, Benjamin; Jiménez Durán, … - 2023

Individuals might experience negative utility from not consuming a popular product. For example, being inactive on social media can lead to social exclusion or not owning luxury brands can be associated with having a low social status. We show that, in the presence of such spillovers to...

Persistent link: https://www.econbiz.de/10014382550

Contingent belief updating

Aina, Chiara; Amelio, Andrea; Brütt, Katharina - 2023

We study how contingent thinking - that is, reasoning through all possible contingencies without knowing which is realized - affects belief updating. According to the Bayesian benchmark, beliefs updated after exposure to new information should be equivalent to beliefs assessed for the...

Persistent link: https://www.econbiz.de/10014416232

Can information be too much? : information source selection and beliefs

Amelio, Andrea - 2023

Agents undertaking economic decisions are exposed to an ever-increasing amount of information sources. This paper investigates how the number of available information sources impacts agents' ability to (i) select reliable sources and (ii) use their content effectively to update their beliefs. To...

Persistent link: https://www.econbiz.de/10014416234

Egocentric norm adoption

Neuber, Thomas Erik - 2021

Social norms pervade human interaction, but their demands are often in conflict. To understand behavior, it is thus crucial to know how individuals resolve normative tradeoffs. This paper proposes that sincere judgments about the relative importance of conflicting norms are shaped by personal...

Persistent link: https://www.econbiz.de/10012663008

The cost of worrying about an epidemic: Ebola concern and cognitive function in the US

Apenbrink, Christian - 2021

Do emotional responses to the spread of an infectious disease affect the quality of economic decision-making? In the context of an episode of heightened public concern about Ebola in the US in October 2014, I document that worrying about the possibility of an epidemic can impair cognitive...

Persistent link: https://www.econbiz.de/10012663052

Do people demand fact-checked news? : evidence from U.S. Democrats

Anand Chopra, Felix; Haaland, Ingar; Roth, Christopher - 2021

In a large-scale online experiment with U.S. Democrats, we examine how the demand for a newsletter about an economic relief plan changes when the newsletter content is fact-checked. We first document an overall muted demand for factchecking when the newsletter features stories from an...

Persistent link: https://www.econbiz.de/10012663061