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when individuals derive anticipatory utility from holding motivated, overly optimistic beliefs about the workload they need … for motivated reasoning allows workers to hold substantially more optimistic beliefs and identify a causal link between … the exogenous variation in beliefs and the deferral of work to the future. This systematic belief-based delay of work …
Persistent link: https://www.econbiz.de/10014487122
anticipatory utility from holding optimistic beliefs about their future effort costs. This study provides a rigorous empirical test … beliefs among workers, which causally increase the deferral of work to the future. The roots for biased beliefs stem from …
Persistent link: https://www.econbiz.de/10014517966
Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals' inclination to trust others?...
Persistent link: https://www.econbiz.de/10011987073
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011557745
expectations. We examine the predictions of Kőszegi and Rabin (2006) in the context of market experiments with probabilistic forced … these theoretical predictions. In a series of experiments with a total of 930 subjects, sellers' valuations exceed buyers …' valuations under all probabilities of forced exchange. In robustness tests where attention is drawn specifically to the forced …
Persistent link: https://www.econbiz.de/10010436164
Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities …
Persistent link: https://www.econbiz.de/10012064447
about how such beliefs about one's own abilities causally influence choices is, however, sparse. In this paper, we use a …
Persistent link: https://www.econbiz.de/10012238957
Confidence is often seen as the key to success. Empirical evidence about whether such beliefs causally map into actions … shift beliefs, we find that beliefs can be shifted, which in turn shifts decisions. In our setting, the beliefs of low … and women react similarly to the treatment. However, men hold higher baseline beliefs, implying that women make better …
Persistent link: https://www.econbiz.de/10011778918
Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities …
Persistent link: https://www.econbiz.de/10011964220
In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we use a method of manipulating conscious and...
Persistent link: https://www.econbiz.de/10011580853