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Payments and discounts incentivize participation in many transactions about which people know little, but can learn more --- payments for medical trial participation, signing bonuses for job applicants, or price rebates on consumer durables. Who opts into the transaction when given such...
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We study experimentally when, why, and how people intervene in others' choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...
Persistent link: https://www.econbiz.de/10012038987
. We conduct a behavioral experiment that confirms these predictions, both for experimental variation in the costs of …
Persistent link: https://www.econbiz.de/10011863553
We study experimentally when, why, and how people intervene in others’ choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...
Persistent link: https://www.econbiz.de/10012052868
. We conduct a behavioral experiment that confirms these predictions, both for experimental variation in the costs of …
Persistent link: https://www.econbiz.de/10011872148
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In experimental bargaining with incomplete information, we vary the information distribution (symmetric and asymmetric), the direction of electronic prepaycommunication (no, one-way, and two way), and the electronic communication medium (email and video) Bargainig outcomes are influenced by the...
Persistent link: https://www.econbiz.de/10005866968
close until ten minutes have passed without a bid. This paper reports an experiment that allows us to examine the effect of …
Persistent link: https://www.econbiz.de/10005866984