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This article studies how a taste for consistency affects decision making. Our application is response behavior in surveys. In particular, we show that the inclusion of questions can affect answers to subsequent related questions. The reason is that participants want to respond in a consistent...
Persistent link: https://www.econbiz.de/10009757342
interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …
Persistent link: https://www.econbiz.de/10010262127
We present an economic experiment on network formation, in which subjects can decide to form links to one another …. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and …
Persistent link: https://www.econbiz.de/10010262760
strength. We then presentthree experiments that study main predictions and implications of the model. The first is asimple … principal-agent experiment that shows that consistency is valued by others and thatthis value is anticipated. The second … experiment underlines the crucial role of earlycommitment for consistency preferences. Finally we show how preferences for …
Persistent link: https://www.econbiz.de/10009347594
social interaction effects. Testing for such effects raises severe identification problems. We conduct an experiment that …
Persistent link: https://www.econbiz.de/10011507945
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utilityconsequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011523747
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011528156
pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10011398786
complementarities between controlled lab and representative panel data. In a simple principal-agent experiment agents produce revenue by … experiment we record agents' heart rate variability, which is an indicator of stress-related impaired cardiac autonomic control …
Persistent link: https://www.econbiz.de/10011557349
complementarities between controlled lab and representative field data. In a simple principal-agent experiment agents produce revenue by … experiment we record agents' heart rate variability, which is an indicator of stress-related impaired cardiac autonomic control …
Persistent link: https://www.econbiz.de/10010462044