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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
measured in the 11–20 game is biased by risk aversion. Based on a lab experiment, we confirm this hypothesis empirically. …
Persistent link: https://www.econbiz.de/10011891065
The relationship between risk in the environment, risk aversion and inequality aversion is not well understood. Theories of fairness have typically assumed that pie sizes are known ex-ante. Pie sizes are, however, rarely known ex ante. Using two simple allocation problems—the Dictator and...
Persistent link: https://www.econbiz.de/10009754742
This paper presents an incentivized experiment analyzing the role of demographic characteristics in individual decision …
Persistent link: https://www.econbiz.de/10013252717
prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … experiment using a series of relevant statistical tests. This study uses the multiple price list (MPL) method, which has been one …
Persistent link: https://www.econbiz.de/10013368182
, we have evidence that contestants are more risk-averse than risk-seeking. The omission bias, loss aversion and regret can …
Persistent link: https://www.econbiz.de/10014426288
While the ontogeny of prosociality during infancy, childhood, and adolescence has received substantial attention over the last decades, little is known about how prosocial preferences develop beyond emerging adulthood. Recent evidence suggests that the previously observed positive association...
Persistent link: https://www.econbiz.de/10012649135
Many people implicitly sell or give away their data when using online services and participating in loyalty programmes-despite growing concerns about company’s use of private data. Our paper studies potential reasons and co-variates that contribute to resolving this apparent paradox, which has...
Persistent link: https://www.econbiz.de/10011849514
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
itself under conditions of implicit bias. In doing so, I pair the Implicit Association Test (IAT), commonplace in other … meaningful difference between having an implicit bias and acting on one. As such, results can be thought of as a bound on the …
Persistent link: https://www.econbiz.de/10011905090