Showing 1 - 10 of 267
explained by avoiding cognitive dissonance as in Konow (2000). Our experiment’s choice data is in line with this approach. In …
Persistent link: https://www.econbiz.de/10009752432
cognition literatures, and provides a taxonomy of RPS strategy. RPS strategies are discussed in terms of (a) whether the …
Persistent link: https://www.econbiz.de/10012062319
We experimentally investigate the memory recall bias of overconfident (underconfident) individuals after receiving …). Second, awareness of one's overconfidence or underconfidence does not eliminate memory recall bias. Third, the primacy effect … is stronger than the recency effect. Overall, our results suggest that memory recall bias is mainly due to motivated …
Persistent link: https://www.econbiz.de/10013252749
The confirmation bias, unlike other decision biases, has been shown both empirically and in theory to be enhanced with … this bias. We aimed to test this hypothesis using a validated confirmation bias task in conjunction with a protocol that … confirmation bias would be stronger for WR participants and those higher in cognitive reflection on a sample of 197 young adults …
Persistent link: https://www.econbiz.de/10012432420
-minded players. This is best viewed as a heuristic or bias relative to the standard approach. We provide a formal theoretical …
Persistent link: https://www.econbiz.de/10011384070
Many real-world mechanisms are “noisy” or “fuzzy”, that is the institutions in place to implement them operate with non-negligible degrees of imprecision and error. This observation raises the more general question of whether mechanisms that work in theory are also robust to more...
Persistent link: https://www.econbiz.de/10011771262
By way of a field experiment conducted at a university cafeteria this paper finds that placing a vegetarian option …
Persistent link: https://www.econbiz.de/10012432523
The literature on social norms has often stressed that social disapproval is crucial to foster compliance with norms and promote fair and cooperative behavior. With this in mind, we explore the disapproval of allocation decisions using experimental data from five dictator games with a feedback...
Persistent link: https://www.econbiz.de/10009752852
We investigate gender differences in lying behavior when the opportunity to tell lies is repeated. In specific, we distinguish the situations in which such an opportunity can be planned versus when it comes as a surprise. We utilize data from an existing published research and show that when the...
Persistent link: https://www.econbiz.de/10012547730
In this paper, we claim that agents confronting with new interactive situations apply behavioral heuristics that drastically reduce the problem complexity either by neglecting the other players’ incentives, or by restricting attention to subsets of “salient” outcomes. We postulate that...
Persistent link: https://www.econbiz.de/10010240816