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When asked to delay consumption, people are impatient and discount future rewards more than when offered the chance to accelerate consumption. Three experiments provide a process-level account for this asymmetry, with implications for the design of decision environments that promote less...
Persistent link: https://www.econbiz.de/10012756404
A green growth agenda requires policy makers, from local to supranational levels, to examine and influence behavior that impacts economic, social, and environmental outcomes on multiple scales. Behavioral and social change, in addition or conjunction with technological change, is thus a crucial...
Persistent link: https://www.econbiz.de/10011395523
Persistent link: https://www.econbiz.de/10010071042
Expectations about how long one will live are essential for making informed choices about many important personal decisions. We propose that beliefs (expectations) about longevity are a response constructed at the time of judgment, subject to irrelevant task and context factors, and leading to...
Persistent link: https://www.econbiz.de/10014041764
Persistent link: https://www.econbiz.de/10003768816
We explored the effect of attribute framing on choice, labeling charges for environmental costs as either an earmarked tax or an offset. 898 Americans chose between otherwise identical products or services, where one option included a surcharge for emitted CO2. The cost framing changed...
Persistent link: https://www.econbiz.de/10013134471
Fluid intelligence decreases with age, yet evidence about age declines in decision-making quality is mixed: Depending on the study, older adults make worse, equally good, or even better decisions than younger adults. We propose a potential explanation for this puzzle, namely that age differences...
Persistent link: https://www.econbiz.de/10013075632
A green growth agenda requires policy makers, from local to supranational levels, to examine and influence behavior that impacts economic, social, and environmental outcomes on multiple scales. Behavioral and social change, in addition or conjunction with technological change, is thus a crucial...
Persistent link: https://www.econbiz.de/10012974875
Our memories define who we are and what we do. Aside from a few preferences hardwired by evolution, they also define what we like and how we choose. In this chapter, we argue that our view of preference changes if conceptualized explicitly as the product of memory representations and memory...
Persistent link: https://www.econbiz.de/10012714017
A full range of psychological processes has been put into play to explain judgment and choice phenomena. Complementing work on attention, information integration, and learning, decision research over the past 10 years has also examined the effects of goals, mental representation, and memory...
Persistent link: https://www.econbiz.de/10012756396