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In an artefactual field experiment, we implemented a crowdfunding campaign for an institute's summer party and compared … contribution framing responded more strongly to reward thresholds and suggestions. An additional survey experiment on MTurk …
Persistent link: https://www.econbiz.de/10013193869
We discuss the literatures on behavioral economics, bounded rationality and experimental economics as they apply to firm behaviour in markets. Topics discussed include the impact of imitative and satisficing behavior by firms, outcomes when managers care about their position relative to peers,...
Persistent link: https://www.econbiz.de/10003937240
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The Occasional Paper on behavioural economics published by the Financial Conduct Authority (FCA) in April 2013 concluded that the effective regulation of retail financial markets requires a deeper and more realistic understanding of how consumers behave and what choices they find particularly...
Persistent link: https://www.econbiz.de/10012961843
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We discuss the literatures on behavioral economics, bounded rationality and experimental economics as they apply to firm behaviour in markets. Topics discussed include the impact of imitative and satisficing behavior by firms, outcomes when managers care about their position relative to peers,...
Persistent link: https://www.econbiz.de/10013147795
Persistent link: https://www.econbiz.de/10009419939
There are many important decision problems where learning through experimentation is costly or impossible. In these … degree of bias due to selection neglect increases when other decision makers become more informed, or become more rational …
Persistent link: https://www.econbiz.de/10011982107
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Persistent link: https://www.econbiz.de/10001233598