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Does bounded rationality make paternalism more attractive? This Essay argues that errors will be larger when suppliers have stronger incentives or lower costs of persuasion and when consumers have weaker incentives to learn the truth. These comparative statics suggest that bounded rationality...
Persistent link: https://www.econbiz.de/10013239179
This paper uses laboratory experiments to directly test a central prediction of disclosure theory: that strategic …
Persistent link: https://www.econbiz.de/10013024157
We develop a theory that rationalizes the use of a dominant unit of account in an economy. Agents enter into non …
Persistent link: https://www.econbiz.de/10013074294
We propose a technique for assessing robustness of behavioral measures and treatment effects to experimenter demand effects. The premise is that by deliberately inducing demand in a structured way we can measure its influence and construct plausible bounds on demand-free behavior. We provide...
Persistent link: https://www.econbiz.de/10012954926
-in-the-field experiment to study information sharing through mobile phone messages. Subjects are rural households in Mozambique who have …
Persistent link: https://www.econbiz.de/10012912531
simple cases, tests confirm that subjects adjust their attention in response to incentives as the theory dictates …
Persistent link: https://www.econbiz.de/10013059691
important features of the data they possess. We conduct a field experiment with seaweed farmers to test a model of "learning …
Persistent link: https://www.econbiz.de/10013036458
Information frictions play an important role in many theories of expectation formation. We use a survey experiment to …
Persistent link: https://www.econbiz.de/10012915647
individual decision maker%u2019s thinking process as a thought-experiment that takes time and let the decision maker %u201Cthink … ahead%u201D about future decision problems in yet unrealized states of nature. By formulating an intertemporal, state …-contingent, planning problem, which may involve costly deliberation in every state of nature, and by letting the decision-maker deliberate …
Persistent link: https://www.econbiz.de/10013224897
This paper provides an answer to an important empirical puzzle in the retirement literature: while most people know little about their own pension plans, retirement behavior is strongly affected by pension incentives. We combine administrative and self-reported pension data to measure the...
Persistent link: https://www.econbiz.de/10013230394