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In Search of Homo Economicus : Preference Consistency, Emotions, and Cognition
Lee, Leonard; Amir, On; Ariely, Dan - 2011
emotional and cognitive systems in preference consistency (transitivity). Participants were asked to make a set of binary …
Persistent link: https://www.econbiz.de/10014026835
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Rationality, Irrationality and Economic Cognition
Whalley, John - 2021
This paper contrasts the modern use of the assumption that rationality guides individual economic behaviour, as … notions of rationality based on the availability of information, ability to reason (cognitive skills), and even morality …. Learning played a major role in individuals achieving what was referred to as complete rationality. I draw on these ideas, and …
Persistent link: https://www.econbiz.de/10013318577
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The endowment effect on entrepreneurs : a risky attachment
Echeverry Peñón, Isabela; Reyes Ortega, Santiago - In: Estudios de economía 45 (2018) 2, pp. 231-249
This paper presents evidence on the role of the endowment effect in shaping the risk-taking behavior of entrepreneurs, and how the potential of losing their firms lead them to take higher risks. This study uses an experimental design with 466 entrepreneurs in Cali, Colombia. Results show that...
Persistent link: https://www.econbiz.de/10011982570
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Changing male perceptions of gender equality : evidence from an experimental study
Cuong Viet Nguyen; Tarp, Finn - 2018
Reducing gender inequality is a critically important development challenge, especially in countries with widespread and deep-rooted prejudices against women. In this study, we use a randomized control trial to examine whether facilitating Vietnamese men to reflect about gender equality can...
Persistent link: https://www.econbiz.de/10011947116
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Anticipations and endogenous present bias
Galperti, Simone; Strulovici, Bruno - 2015 - Preliminary and incomplete
Persistent link: https://www.econbiz.de/10010498522
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Economic Condition and Financial Cognition
Delis, Manthos D. - 2020
Are poor individuals trapped by being unable to make good financial decisions? We use a randomized controlled survey experiment to examine how prompting individuals to think about their personal economic condition (priming) affects their scores on a subsequent financial literacy quiz. We find...
Persistent link: https://www.econbiz.de/10012848895
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Still in search of the sunk cost bias
Negrini, Marcello; Riedl, Arno; Wibral, Matthias - 2020
Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good money after bad money.’ However, the few studies using incentives are inconclusive. In addition, evidence on potential psychological channels underlying such a bias is...
Persistent link: https://www.econbiz.de/10012299784
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Motivated procrastination
Cordes, Charlotte A.; Friedrichsen, Jana; Schudy, Simeon - 2023
Traditionally, economic models have attributed procrastination to present bias. However, procrastination may also arise when individuals derive anticipatory utility from holding motivated, overly optimistic beliefs about the workload they need to complete. This study provides a rigorous...
Persistent link: https://www.econbiz.de/10014487122
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College Readiness, Student Expectations and Success : The Role of Non-Cognitive Skills
Nichols, Malachi; Trivitt, Julie R.; Zamarro, Gema - 2018
Attending college is a significant human capital investment but only about 56% of those who start college will have a completed degree 6 years later. This makes identifying which skills are associated with college success an important policy concern. We surveyed over 1,100 entering college...
Persistent link: https://www.econbiz.de/10014113990
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Motivated procrastination
Cordes, Charlotte A.; Friedrichsen, Jana; Schudy, Simeon - 2024
Procrastination is often attributed to time-inconsistent preferences but may also arise when individuals derive anticipatory utility from holding optimistic beliefs about their future effort costs. This study provides a rigorous empirical test for this notion of ‘motivated procrastination’....
Persistent link: https://www.econbiz.de/10014517966