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Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one's life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or chance....
Persistent link: https://www.econbiz.de/10010266644
Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one’s life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or...
Persistent link: https://www.econbiz.de/10005051053
Both the European Community, its member countries and the United States have stimulated schools to implement entrepreneurship programs into schooling curricula on a large scale, based on the idea that entrepreneurial competencies and mindsets must be developed at school. The leading and...
Persistent link: https://www.econbiz.de/10010276974
Both the European Community, its member countries and the United States have stimulated schools to implement entrepreneurship programs into schooling curricula on a large scale, based on the idea that entrepreneurial competencies and mindsets must be developed at school. The leading and...
Persistent link: https://www.econbiz.de/10005032002
realistic expectations later on. This paper shows that the costs induced by high aspirations are not trivial. We first develop a … evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …
Persistent link: https://www.econbiz.de/10010263846
The paper introduces the concept of adjustment utility, that is, referencedependent utility from expectations. It …
Persistent link: https://www.econbiz.de/10010263858
Deviations from equilibrium bids in auctions can be related to inconsistent expectations with correct best replies (see … Eyster and Rabin, 2005; Crawford and Iriberri, 2007) or correct expectations but small (perhaps quantal-response) mistakes in … and study expectations together with best replies. We extensively test the internal validity of this setup. We find that …
Persistent link: https://www.econbiz.de/10010263873
effect algorithmic traders have we use a clean design where we can manipulate only the expectations of human traders. We find …
Persistent link: https://www.econbiz.de/10010500166
Recent research has cast some doubt on the general validity of outcome-based models of social preferences. We develop a model based on cognitive dissonance that focuses on the importance of self-image. An experiment (a dictator game variant) tests the model. First, we find that subjects whose...
Persistent link: https://www.econbiz.de/10010281679
realistic expectations later on. This paper shows that the costs induced by high aspirations are not trivial. We ?rst develop a … evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …
Persistent link: https://www.econbiz.de/10005090462