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Large effects of small cues : priming selfish economic decisions
Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng; … - 2024 - Revised: April 21, 2024
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014531967
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Homo oeconomicus as the homo moralis' party pooper : heterogenous morality in public good games
Eichner, Thomas; Runkel, Marco - 2024
The main insight of this paper is that moral behavior does not necessarily alleviate coordination problems or may even worsen them, if individuals possess different degrees of morality. We characterize heterogenous Alger-Weibull morality preferences in a canonical model of voluntary...
Persistent link: https://www.econbiz.de/10014632345
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Rational Inattention in Games : Experimental Evidence
Martin, Daniel - 2016
In this paper, I test the predictions of rational inattention theory using a laboratory experiment where one role in a two-player game faces cognitive costs to process information about a payoff-relevant state. I find that subjects who face these unobservable cognitive costs have state-dependent...
Persistent link: https://www.econbiz.de/10014132627
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Motivated belief updating and rationalization of information
Drobner, Christoph; Goerg, Sebastian J. - 2022
We study belief updating about relative performance in an ego-relevant task. Manipulating the perceived ego-relevance of the task, we show that subjects update their beliefs optimistically because they derive direct utility flows from holding positive beliefs. This finding provides a behavioral...
Persistent link: https://www.econbiz.de/10013433247
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A Note on the Risk Behavior and Death of Homo Economicus
Johansson-Stenman, Olof - 2006
Recent papers by Cox and Sadiraj (2006) and Rubinstein (2006) have pointed out that expected utility theory is more general than has sometimes been acknowledged, and can hence not be refuted as easily by means of experiments. While acknowledging this fact, this note nevertheless demonstrates...
Persistent link: https://www.econbiz.de/10014055918
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Mind, Rationality, and Cognition : An Interdisciplinary Debate
Chater, Nick - 2017
This article features an interdisciplinary debate and dialogue about the nature of mind, perception, and rationality … biology — offer critiques and commentaries of a target article by Felin, Koenderink, and Krueger: “Rationality, Perception … concerning rationality and the all-seeing-eye argument, including the nature of judgment and reasoning, biases versus heuristics …
Persistent link: https://www.econbiz.de/10012945787
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Persuasion with Rational Inattention
Bloedel, Alexander W. - 2018
We study a model of Bayesian persuasion in which Receiver has limited information-processing capacity, or attention, and must exert costly effort to process Sender's signals. Receiver is rationally inattentive (Sims (2003)): attention costs are proportional to the mutual information (expected...
Persistent link: https://www.econbiz.de/10012921409
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The dynamics of inattention in the (baseball) field
Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...
Persistent link: https://www.econbiz.de/10012549756
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Habit formation and rational addiction : a field experiment in handwashing
Hussam, Reshmaan; Rabbani, Atonu; Reggiani, Giovanni; … - 2017
We test the main predictions of the rational addiction model, reconceptualized as rational habit formation, in the context of handwashing. To track habit formation, we design soap dispensers with timed sensors. We test for rational habit formation by informing some households about a future...
Persistent link: https://www.econbiz.de/10011901842
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Rational Inattention Via Ignorance Equivalence
Armenter, Roc - 2020
We present a novel approach to finite Rational Inattention (RI) models based on the ignorance equivalent, a fictitious action with state-dependent payoffs that effectively summarizes the optimal learning and conditional choices. The ignorance equivalent allows us to recast the RI problem as a...
Persistent link: https://www.econbiz.de/10012843760