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Overconfidence increases productivity
Kinari, Yusuke; Mizutani, Noriko; Ohtake, Fumio; … - 2011
structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant … factor in increasing productivity. Specifically, subjects exhibiting progressively higher degrees of overconfidence solve … more mazes. This result shows a positive aspect of overconfidence, which usually has been examined in its negative aspect …
Persistent link: https://www.econbiz.de/10010332484
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Older sisters and younger brothers: The impact of siblings on preference for competition
Okudaira, Hiroko; Kinari, Yusuke; Mizutani, Noriko; … - 2014
Studies in psychology have long argued the possibility that sibling structure, such as birth order and the gender of siblings, shapes one's feminine and masculine personality traits, such as a preference for competition. In light of recent developments in the economics literature on the gender...
Persistent link: https://www.econbiz.de/10011421470
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Passive or active? Behavioral changes in different designs of search experiments
Kittaka, Yuta; Mikami, Ryo; Shimada, Natsumi - 2021
While search experiments are available in several designs, accumulating ex- perimental evidence suggests that individual search behavior depends on design details. This paper reports the first classification and comparison of several search experiment designs widely accepted in search studies....
Persistent link: https://www.econbiz.de/10012793788
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Consumer search and stock-out: A laboratory experiment
Kittaka, Yuta; Mikami, Ryo - 2020
We investigate the overall impact of stock-out on individual consumers' information search behavior through both search-theoretic and experimental approaches. As the probability of stock-out increases, search intensity decreases, while the expected number of searches may increase. Such increases...
Persistent link: https://www.econbiz.de/10012543996
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Market concentration and incentives to collude in Cournot oligopoly experiments
Hanaki, Nobuyuki; Masiliūnas, Aidas - 2021
Multiple Cournot oligopoly experiments found more collusive behavior in markets with fewer firms (Huck et al., 2004; Horstmann et al., 2018). This result could be explained by a higher difficulty to coordinate or by lower incentives to collude in markets with more firms. We show that the Quantal...
Persistent link: https://www.econbiz.de/10012544022
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Paying to avoid the spotlight
Te, Bao; Duffy, John; Hanaki, Nobuyuki - 2024
In the digital age, privacy in economic activities is increasingly threatened. In considering policies to address this threat, it is useful to consider what value, if any, that people attach to privacy in economic activities. We study this question by eliciting individuals' willingness to pay...
Persistent link: https://www.econbiz.de/10015054280
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Smooth diagnostic expectations
Bianchi, Francesco; Ilut, Cosmin; Saijo, Hikaru - 2024
) overconfidence in subjective uncertainty. An analytical RBC model featuring Smooth DE accounts for overreaction and overconfidence in …
Persistent link: https://www.econbiz.de/10015054164
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Hierarchies versus committees: Communication and information acquisition in organizations
Ishida, Junichiro - 2014
In most firms, if not all, workers are divided asymmetrically in terms of authority and responsibility. In this paper, we view the asymmetric allocations of authority and responsibility as essential features of hierarchy and examine why hierarchies often prevail in organizations from that...
Persistent link: https://www.econbiz.de/10011421489
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Vision and flexibility in a model of cognitive dissonance
Ishida, Junichiro - 2010
This paper explores the consequences of cognitive dissonance, coupled with timeinconsistent preferences, in an intertemporal decision problem with two distinct goals: acting decisively on early information (vision) and adjusting flexibly to late information (flexibility). The decision maker...
Persistent link: https://www.econbiz.de/10010332234
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The Easterlin paradox and another anatomy of income comparisons: Evidence from hypothetical choice experiments
Yamada, Katsunori; Sato, Masayuki - 2010
This paper provides evidence from Internet-based, large-scale survey data of hypothetical choice experiment on the relative utility hypothesis. The methodology exploited here complements previous empirical results from happiness studies, incentivized choice experiment studies, and neuroscience...
Persistent link: https://www.econbiz.de/10010332265