Similar Search Results

Reuben, Ernesto - 2011

We use a combination of lab and field evidence to study whether preferences for immediacy and the tendency to procrastinate are connected as in O'Donoghue and Rabin (1999a). To measure immediacy, we have participants choose between smaller-sooner and larger-later rewards. Both rewards are paid...

Persistent link: https://www.econbiz.de/10013121215

Behavioral design : a new approach to development policy

Datta, Saugato; Mullainathan, Sendhil - 2014

Successful development programs rely on people to behave and choose in certain ways, and behavioral economics helps us … understand why people behave and choose as they do. Approaching problems in development using behavioral economics thus leads to … better diagnosis and to better-designed solutions. This paper sketches how to use behavioral insights to design development …

Persistent link: https://www.econbiz.de/10010393281

Deciding fast and slow

Pennesi, Daniele - 2016

Empirical evidence suggests that choices are affected by the amount of time available to the decision maker. Time pressure or a cooling-off period (mandatory delay of choice) changes how choices are determined. Yet, few models are able to account for the role of available time on decisions. This...

Persistent link: https://www.econbiz.de/10011703384

What's Psychology Worth? A Field Experiment in the Consumer Credit Market

Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - 2005

experiences? We report on a field experiment designed to address this question. Incumbent clients of a lender in South Africa were …

Persistent link: https://www.econbiz.de/10010369232

What's Psychology Worth? A Field Experiment in the Consumer Credit Market

Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - Economic Growth Center, Economics Department - 2005

experiences? We report on a field experiment designed to address this question. Incumbent clients of a lender in South Africa were …

Persistent link: https://www.econbiz.de/10005558488

Social Preferences and Agricultural Innovation : An Experimental Case Study from Ethiopia

Kebede, Bereket; Zizzo, Daniel John - 2015

We run an experiment in Ethiopia where farmers can use their own money to decrease the money of others (money burning …

Persistent link: https://www.econbiz.de/10014131778

What can I get for it? : a theoretical and empirical re-analysis of the endowment effect

Lunn, Pete; Lunn, Mary - 2011

We hypothesise and confirm a previously unnoticed pattern within pre-existing data on the endowment effect, collected via seven experiments employing the original design. Subjects with low valuations in binary choice relative to other subjects set a proportionally higher willingness to accept....

Persistent link: https://www.econbiz.de/10008990543

The Illusion of Irrationality

Kontek, Krzysztof - 2009

This short paper shows that the Allais Paradox and the Common Ratio Effect - regarded as classic examples of the violation of the Expected Utility Theory Axioms - may be easily explained by assuming that changes in wealth (i.e. gains and losses) are perceived in relative terms. The preference...

Persistent link: https://www.econbiz.de/10013153294

Risk Aversion : The Need for Behavioral Explanation(s)

Yan, Jubo - 2018

laboratory experiment to show that EUT of income cannot explain risk aversion either. The experimental data suggests that the …

Persistent link: https://www.econbiz.de/10012935355

Looming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample

Chapman, Jonathan; Snowberg, Erik; Wang, Stephanie; … - National Bureau of Economic Research - 2022

We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N=3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...

Persistent link: https://www.econbiz.de/10013334460