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Don't aim too high: the potential costs of high aspirations
Matthey, Astrid; Dwenger, Nadja - 2008
evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …
Persistent link: https://www.econbiz.de/10010263715
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Don't aim too high: the potential costs of high aspirations
Matthey, Astrid; Dwenger, Nadja - 2007
evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …
Persistent link: https://www.econbiz.de/10010263846
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Yesterday's expectation of tomorrow determines what you do today: the role of reference-dependent utility from expectations
Matthey, Astrid - 2008
The paper introduces the concept of adjustment utility, that is, referencedependent utility from expectations. It offers an explanation for observed preferences that cannot be explained with existing models, and yields new predictions for individual decision making. The model gives a simple...
Persistent link: https://www.econbiz.de/10010263858
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Choice, deferral, and consistency
Costa-Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative Economics 13 (2022) 3, pp. 1297-1318
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is … the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice … by rational choice. Our results suggest that nonforced-choice experiments and models can be helpful in separating people …
Persistent link: https://www.econbiz.de/10014536896
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Stochastic income and conditional generosity
Kellner, Christian; Reinstein, David; Riener, Gerhard - 2015
; theories of affect predict the reverse. In field and lab experiments, we allow people to donate from lottery winnings, varying …
Persistent link: https://www.econbiz.de/10011345573
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Individual Expectations and Aggregate Macro Behavior
Assenza, Tiziana; Heemeijer, Peter; Hommes, Cars; … - 2013
, within a standard New Keynesian model, by means of laboratory experiments with human subjects. Three aggregate outcomes are …
Persistent link: https://www.econbiz.de/10010326142
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Correlation Neglect in Belief Formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010328793
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'I'll do it by myself as I knew it all along': On the failure of hindsight-biased principals to delegate optimally
Danz, David; Hüber, Frank; Kübler, Dorothea; … - 2013
prediction is tested experimentally. In an online experiment that was conducted during the FIFA World Cup 2010 participants were …
Persistent link: https://www.econbiz.de/10010331091
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Determinants of in-group bias: group affiliation or guilt-aversion?
Güth, Werner; Ploner, Matteo; Regner, Tobias - 2008
In-group favoritism in social dilemma situations is one of the main findings of studies in Social Identity Theory. We investigate what causes the in-group bias: is it due to mere group affiliation or, alternatively, is guilt-aversion a possible explanation? We induce group membership in a...
Persistent link: https://www.econbiz.de/10010263886
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The curse of knowledge increases self-selection into competition: Experimental evidence
Danz, David - 2014
others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …
Persistent link: https://www.econbiz.de/10010396967