Showing 1 - 10 of 14
Solar technologies have been associated with private and social returns, but their technological potential often remains unachieved because of persistently low demand for high-quality products. In a randomized field experiment in Senegal, we assess the potential of three types of quality...
Persistent link: https://www.econbiz.de/10014544676
One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose repeatedly between varying sure outcomes and a lottery in...
Persistent link: https://www.econbiz.de/10011478981
One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose repeatedly between varying sure outcomes and a lottery in...
Persistent link: https://www.econbiz.de/10011764847
We develop awareness-dependent subjective expected utility by taking unawareness structures introduced in Heifetz, Meier, and Schipper (2006, 2008, 2011a) as primitives in the Anscombe-Aumann approach to subjective expected utility. We observe that a decision maker is unaware of an event if and...
Persistent link: https://www.econbiz.de/10009542461
sampling outcomes from the relevant distribution sequentially (e.g., experiencing a series of stock returns). Limited attention … outperforming assets when learning the same information sequentially, and this is reflected in beliefs. The entire 40-percentage … point preference reversal appears to be driven by limited attention and memory; manipulating these factors completely …
Persistent link: https://www.econbiz.de/10014486240
We provide experimental evidence that core intertemporal choice anomalies -- including extreme short-run impatience, structural estimates of present bias, hyperbolicity and transitivity violations -- are driven by complexity rather than time or risk preferences. First, all anomalies also arise...
Persistent link: https://www.econbiz.de/10014247968
Prior research, primarily based on lab experiments, suggests that females might be more averse to competition than …
Persistent link: https://www.econbiz.de/10013210090
We compare the behavior and welfare effects of two popular interventions for resource conservation. The first intervention is social comparison reports (SC), which primarily provide consumers with information motivating behavioral change. The second intervention is real-time feedback (RTF),...
Persistent link: https://www.econbiz.de/10014436976
We develop a new approach to identify different categories of depositors during periods of uncertainty and quantify their compensation to remain in the bank. We isolate withdrawals due to liquidity needs, deterioration of fundamentals, and expectation about withdrawal behavior of other...
Persistent link: https://www.econbiz.de/10013362023
employed in field experiments. Second, we show how our theory allows researchers to robustly incorporate machine learning …
Persistent link: https://www.econbiz.de/10013477248