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This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that …
Persistent link: https://www.econbiz.de/10013073810
). We conduct a laboratory experiment in which subjects make decision on behalf of themselves and others in eighteen tasks …We examine whether biases identified in the behavioral-economics literature apply in decision-making for others (DMfO … aversion, decoy effect, anchoring bias, endowment effect, and identifiable-victim bias. In our experiment, DMfO is DMfO …
Persistent link: https://www.econbiz.de/10012906522
than Italian-speaking children to delay gratification in an intertemporal choice experiment. The difference remains …
Persistent link: https://www.econbiz.de/10013014019
regional accents? This paper reports a laboratory experiment where we address this question. Participants in our experiment …
Persistent link: https://www.econbiz.de/10013043672
problem as well as in a real payoff money-burning experiment that can inform our understanding of moral preferences and … antisocial behavior. Choices in both environments respond to incentives (i.e., the relative price of the ethical decision …
Persistent link: https://www.econbiz.de/10012915721
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
experiment in a large retail chain. In a 2 × 2 factorial design, we vary: (i) whether store managers obtain access to decision …The core role of managerial accounting is to provide information to facilitate managers' decisions and influence their … different behavioral channels. In particular, managers make use of the information provided by placing higher-margin products …
Persistent link: https://www.econbiz.de/10013238644
incentivized decision task involves Bayesian assessments where participants may use existing (base rate) as well as new information … diet improved decision making relative to those who reported following No Diet. Our data fail to support these hypotheses …. In fact, we found some evidence that adherence to a No Sugar Diet predicted a reduced decision accuracy and was connected …
Persistent link: https://www.econbiz.de/10013249119
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10013080151
mitigated by pay-for-performance incentives for managers who decide upon promotion. Second, we analyze matched employer … indeed substantially higher when managers receive performance-related pay or participate in gain sharing plans …
Persistent link: https://www.econbiz.de/10013128837