Showing 1 - 10 of 12
neural responses to the pertinent prospects when they are not engaged in actual decision making. The ability to make such …
Persistent link: https://www.econbiz.de/10012459390
observable exogenous causes. We explore an alternative approach that generates predictions based on relationships across decision … experiment, we find that this method yields accurate estimates of price sensitivities for a collection of products under …
Persistent link: https://www.econbiz.de/10012459391
experiment, face-to-face communication with a randomly assigned peer significantly improves the quality of private decisions … transmits financial decision-making skills most effectively when peers are equally uninformed, rather than when an informed … decision maker teaches an uninformed peer. Qualitative analysis of subjects' discussions supports this interpretation. The …
Persistent link: https://www.econbiz.de/10012480687
versus equal outcomes). In a laboratory experiment, the most common behavioral pattern is for subjects to select the ex ante …
Persistent link: https://www.econbiz.de/10012480908
To understand the "pure" incentives of altruism, economic laboratory research on humans almost always forbids communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which clearly must influence choices. Charities, for example,...
Persistent link: https://www.econbiz.de/10012462283
prevent safe inferences about differences in social preferences. We present new evidence from a natural field experiment in …
Persistent link: https://www.econbiz.de/10012455452
If social institutions, like fundraising, create incentives that generate utility from deciding to give, then some donors would decline a request to give to charity now while agreeing now to give later. This meets the classic definition of time-inconsistent choices. This is not because of a...
Persistent link: https://www.econbiz.de/10012455856
We report experimental results for a twice-played prisoners' dilemma in which the players can choose the allocation of the stakes across the two periods. Our point of departure is the assumption that some (but not all) people are principled to "do the right thing," or cooperate, as long as their...
Persistent link: https://www.econbiz.de/10012456738
. In our experiment, subjects participate in a trust game, after which they have an opportunity to state their beliefs …
Persistent link: https://www.econbiz.de/10012458016
This paper provides evidence concerning the extent to which consumers of liquor employ commitment devices. One widely recommended commitment strategy is to regulate alcohol consumption by deliberately manipulating availability. The paper assesses the prevalence of the "availability strategy" by...
Persistent link: https://www.econbiz.de/10012460897