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Group identity and leading-by-example
Drouvelis, Michalis; Nosenzo, Daniele - In: Journal of Economic Psychology 39 (2013) C, pp. 414-425
contributions game experiment. A common identity between the leader and her two followers is beneficial for cooperation: average … study the effects of heterogeneous identities. We find no effect on cooperation when only one of the followers shares the … identity is an effective but fragile instrument to promote cooperation. …
Persistent link: https://www.econbiz.de/10010730001
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The behavioral validity of the strategy method in public good experiments
Fischbacher, Urs; Gächter, Simon; Quercia, Simone - In: Journal of Economic Psychology 33 (2012) 4, pp. 897-913
We compare the strategy method and the direct response method in public good experiments in a within-subject design. This comparison is interesting because the strategy method is frequently used to investigate preference heterogeneity. We find that people identified by the strategy method as...
Persistent link: https://www.econbiz.de/10011051375
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Not all anchors are created equal
Sugden, Robert; Zheng, Jiwei; Zizzo, Daniel John - In: Journal of Economic Psychology 39 (2013) C, pp. 21-31
We investigate the effects of a range of different types of anchor on WTP and WTA valuations of familiar consumer products, elicited through individuals’ buying or selling decisions at given prices. We find anchoring effects only when the anchor value is framed as a plausible price for the...
Persistent link: https://www.econbiz.de/10010730005
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So when are you loss averse? Testing the S-shaped function in pricing and allocation tasks
Malul, Miki; Rosenboim, Mosi; Shavit, Tal - In: Journal of Economic Psychology 39 (2013) C, pp. 101-112
In this paper, we describe three different experiments that explore participants’ risk attitude. When we analyzed the average results, we found that participants behave as the S-shape value function predicts. However, breaking the data down on the individual level reveals that the S-shape is...
Persistent link: https://www.econbiz.de/10010730009
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Reference dependent preferences, hedonic adaptation and tax evasion: Does the tax burden matter?
Bernasconi, Michele; Corazzini, Luca; Seri, Raffaello - In: Journal of Economic Psychology 40 (2014) C, pp. 103-118
We study the effects of the tax burden on tax evasion both theoretically and experimentally. We develop a theoretical framework of tax evasion decisions that is based on two behavioral assumptions: (1) taxpayers are endowed with reference dependent preferences that are subject to hedonic...
Persistent link: https://www.econbiz.de/10010738067
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Giving to whom? Altruism in different types of relationships
DeScioli, Peter; Krishna, Siddhi - In: Journal of Economic Psychology 34 (2013) C, pp. 218-228
Experiments show that people give money away to other people, even when contributions are anonymous. These findings contradict the common economic assumption that people maximize their own payoffs. Here we take the approach that human altruism is shaped by a set of cognitive models for distinct...
Persistent link: https://www.econbiz.de/10010870863
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Price lower and then higher or price higher and then lower?
Sitzia, Stefania; Zizzo, Daniel John - In: Journal of Economic Psychology 33 (2012) 6, pp. 1084-1099
The paper presents an experiment testing the hypothesis that, if consumers’ valuation of a product is shaped by past experiences of prices, it may be more profitable for firms to follow the opposite strategy of pricing higher and then lower. We ran an individual choice experiment with a posted...
Persistent link: https://www.econbiz.de/10010870871
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Distributive and reciprocal fairness: What can we learn from the heterogeneity of social preferences?
Kamas, Linda; Preston, Anne - In: Journal of Economic Psychology 33 (2012) 3, pp. 538-553
This study evaluates people’s concerns for distributive fairness (equality of outcomes and payoffs to those worse-off) and reciprocal fairness (receiving what one is due based on one’s past actions) using dictator, ultimatum, and trust games. In the dictator games we classify individuals’...
Persistent link: https://www.econbiz.de/10010870874
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Judgmental overconfidence: Three measures, one bias?
Fellner, Gerlinde; Krügel, Sebastian - In: Journal of Economic Psychology 33 (2012) 1, pp. 142-154
Overconfidence is used to explain various instances of detrimental decision making. In behavioral economic and finance models, it is usually captured by misperceiving the reliability of signals and results in overweighting private information. Empirical tests of these models often fail to find...
Persistent link: https://www.econbiz.de/10011051333
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Are the unskilled doomed to remain unaware?
Ryvkin, Dmitry; Krajč, Marian; Ortmann, Andreas - In: Journal of Economic Psychology 33 (2012) 5, pp. 1012-1031
The unskilled-and-unaware problem describes a negative relationship between one’s skill level and self-assessment bias: the less skilled are, on average, more unaware of the absolute and relative quality of their performance. In this paper, we study whether, and to what extent, the...
Persistent link: https://www.econbiz.de/10011051337