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People often estimate probabilities, such as the likelihood that an insurable risk will materialize or that an Irish person has red hair, by retrieving experiences from memory. We present a model of this process based on two established regularities of selective recall: similarity and...
Persistent link: https://www.econbiz.de/10012629493
evidence of these concerns in a nationwide field experiment among 294 car dealers. Dealers randomized into loss-framed (but …
Persistent link: https://www.econbiz.de/10012479143
Economic agents face many different types of economic incentives when making financial and moral decisions. We provide experimental data from a population that uniquely responds to incentives to lie compared to previously studied populations. We conduct a standard 6-sided die rolling lying study...
Persistent link: https://www.econbiz.de/10012479697
attentive and develop quantitative tests of rational inattention that we deploy in two experiments. The first is an experiment … and incentives to make plans to complete the modules. The second is an online survey-completion experiment (n=944), in … both experiments, as incentives to complete a task increase, demand for attention-improving technologies also increases …
Persistent link: https://www.econbiz.de/10012481638
' behavior and subjective well-being in the context of restaurant dining from a randomized natural field experiment. Our …
Persistent link: https://www.econbiz.de/10012465130
, as in lab experiments with student subjects, but are deliberately identified by their trading roles in the natural field …
Persistent link: https://www.econbiz.de/10012465582
's efficacy. This paper combines theory with a large-scale natural field experiment to connect CSR to an important but often …
Persistent link: https://www.econbiz.de/10012453544
model that microfounds them. Seven pre-registered experiments with eleven canonical laboratory games and around 19 …
Persistent link: https://www.econbiz.de/10012455211
substitutability. We conduct the first field experiment directly manipulating individuals' beliefs about others' protest participation …
Persistent link: https://www.econbiz.de/10012455571
Models of reference-dependent preferences propose that individuals evaluate outcomes as gains or losses relative to a neutral reference point. We test for reference dependence in a large dataset of marathon finishing times (n = 9,524,071). Models of reference-dependent preferences such as...
Persistent link: https://www.econbiz.de/10012458324