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regional accents? This paper reports a laboratory experiment where we address this question. Participants in our experiment …
Persistent link: https://www.econbiz.de/10013043672
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...
Persistent link: https://www.econbiz.de/10013324818
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...
Persistent link: https://www.econbiz.de/10013158056
and epidemiologic evidence linking air pollution, cognition performance and real-world decision making, we first … have to be made. The decision-making process can be vulnerable to environmental stressors. Summarizing the growing economic … illustrate key physiological and psychological pathways between air pollution and cognition. We then document the main patterns …
Persistent link: https://www.econbiz.de/10012907831
decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we … processing in complex decision making …
Persistent link: https://www.econbiz.de/10012979447
We investigate one possible explanation for observed rates of corrupt behavior namely that individual decision makers … abstract from confounding effects of reciprocal behavior, we design an experiment where a public official decides upon … early periods. Risk attitudes measured with a subsequent lottery-choice experiment do not correlate with the behavior …
Persistent link: https://www.econbiz.de/10013081828
about the invested amount. The low frequency treatment stimulates decision makers to frame a sequence of risky decisions …
Persistent link: https://www.econbiz.de/10013089008
vary. The experiment implements two marginal return types, low and high, and uses the information that members have about …
Persistent link: https://www.econbiz.de/10013128231
We investigate the potential of transparency to influence committee decision-making. We present a model in which career …'s key predictions in a laboratory experiment. The model's predictions are largely borne out – transparency negatively …
Persistent link: https://www.econbiz.de/10013023008
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10013148347