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Incentives and information as driving forces of default effects
Altmann, Steffen; Falk, Armin; Grunewald, Andreas - 2013
The behavioral relevance of non-binding default options is well established. While most research has focused on decision makers' responses to a given default, we argue that this individual decision making perspective is incomplete. Instead, a comprehensive understanding of the foundation of...
Persistent link: https://www.econbiz.de/10010128312
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Psychological foundations of incentives
Fehr, Ernst; Falk, Armin - 2002
During the last two decades economists have made much progress in understanding incentives, contracts and organisations … effects of incentives. Economists may fail to understand the levels and the changes in behaviour if they neglect motives like … the desire to reciprocate or the desire to avoid social disapproval. We show that monetary incentives may backfire and …
Persistent link: https://www.econbiz.de/10011409795
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Nominal or real? The impact of regional price levels on satisfaction with life
Deckers, Thomas; Falk, Armin; Schildberg-Hörisch, Hannah - 2013
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use...
Persistent link: https://www.econbiz.de/10010314763
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Nominal or real? The impact of regional price levels on satisfaction with life
Deckers, Thomas; Falk, Armin; Schildberg-Hörisch, Hannah - 2013
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use...
Persistent link: https://www.econbiz.de/10010293152
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Nominal or Real?: The Impact of Regional Price Levels on Satisfaction with Life
Deckers, Thomas; Falk, Armin; Schildberg-Hörisch, Hannah - Forschungsbasierte Infrastruktureinrichtung … - 2013
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use...
Persistent link: https://www.econbiz.de/10011129006
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Nominal or Real? The Impact of Regional Price Levels on Satisfaction with Life
Deckers, Thomas; Falk, Armin; Schildberg-Hörisch, Hannah - Institute for the Study of Labor (IZA) - 2013
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use...
Persistent link: https://www.econbiz.de/10010638877
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Nominal or real? : the impact of regional price levels on satisfaction with life
Deckers, Thomas; Falk, Armin; Schildberg-Hörisch, Hannah - 2013
We study the effect of real versus nominal income on life satisfaction. According to economic theory real income, i.e., nominal income adjusted for purchasing power, should be the relevant source of life satisfaction. Previous work, however, has only studied the impact of nominal income. We use...
Persistent link: https://www.econbiz.de/10009751701
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Psychological Foundations of Incentives
Fehr, Ernst; Falk, Armin - 2002
During the last two decades economists have made much progress in understanding incentives, contracts and organisations … effects of incentives. Economists may fail to understand the levels and the changes in behaviour if they neglect motives like … the desire to reciprocate or the desire to avoid social disapproval. We show that monetary incentives may backfire and …
Persistent link: https://www.econbiz.de/10010315339
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Clean Evidence on Peer Pressure
Falk, Armin; Ichino, Andrea - 2003
While confounding factors typically jeopardize the possibility to use observational data to measure peer effects, field experiments offer the possibility to obtain clean evidence. In this paper we measure the output of four randomly selected groups of individuals who were asked to fill letters...
Persistent link: https://www.econbiz.de/10010261951
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Distrust : The Hidden Cost of Control
Falk, Armin; Kosfeld, Michael - 2004
incentives as well as the puzzling incompleteness of many economic contracts. …
Persistent link: https://www.econbiz.de/10010261958