Showing 1 - 10 of 53
We build a model of online behavioral manipulation driven by AI advances. A platform dynamically offers one of n products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures attributes that make products appear more attractive than they...
Persistent link: https://www.econbiz.de/10014437003
Healthy food choices are a canonical example used to illustrate the importance of time preferences in behavioral economics. However, the literature lacks a direct demonstration that they are well-predicted by incentivized time preference measures. We offer direct evidence by combining a novel,...
Persistent link: https://www.econbiz.de/10014372483
Happiness data--survey respondents' self-reported well-being (SWB)--have become increasingly common in economics research, with recent calls to use them in policymaking. Researchers have used SWB data in novel ways, for example to learn about welfare or preferences when choice data are...
Persistent link: https://www.econbiz.de/10014372484
Firms frequently fail to adopt profitable business opportunities even when they do not face informational or liquidity constraints. We explore three behavioral frictions that explain inertia among individuals--present bias, limited memory, and distrust--in a managerial setting. In partnership...
Persistent link: https://www.econbiz.de/10015195033
We designed and conducted three randomized control trials in partnership with a large biopharmaceutical company operating over 160 plasma donation centers, with the aim of promoting sustainable behaviors in a workplace setting. Specifically, we focused on reducing operational errors that led to...
Persistent link: https://www.econbiz.de/10015145071
We study how people think others update their beliefs upon encountering new evidence. We find that when two individuals share the same prior, one believes that new evidence cannot systematically shift the other's beliefs in either direction (Martingale property). When the two have different...
Persistent link: https://www.econbiz.de/10015171664
We document two new facts about the distributions of answers in famous statistical problems: they are i) multi-modal and ii) unstable with respect to irrelevant changes in the problem. We offer a model in which, when solving a problem, people represent each hypothesis by attending "bottom up" to...
Persistent link: https://www.econbiz.de/10014337863
We propose that a person's desire to consume an object or possess an attribute increases in how much others want but cannot have it. We term this motive superiority-seeking, and show that it generates preferences for exclusion that help explain a host of market anomalies and make novel...
Persistent link: https://www.econbiz.de/10013361988
We study the generation, transmission, and effects of causal narratives - narratives which describe a (potentially incorrect) causal relationship between variables. In a controlled experiment, we show that exogenously generated causal narratives manipulate the beliefs and actions of subjects in...
Persistent link: https://www.econbiz.de/10013362000
We conduct a novel lab experiment in which pairs of subjects make separable decisions about allocative efficiency and equity in different agency structures. In terms of equity, subjects appropriate all surplus when they can, and share equally when they have to negotiate. They achieve high...
Persistent link: https://www.econbiz.de/10013362003