Narrow search
Showing 1 - 10 of 1,306
Cover Image
Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
and treat correlated information as independent. In consequence, people s beliefs are excessively sensitive to well …-conncected information sources, implying a pattern of overshooting beliefs. Additionally, in an experimental asset market, correlation …
Persistent link: https://www.econbiz.de/10009748615
Cover Image
Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
and treat correlated information as independent. In consequence, people's beliefs are excessively sensitive to well …-connected information sources, implying a pattern of "overshooting" beliefs. Additionally, in an experimental asset market, correlation …
Persistent link: https://www.econbiz.de/10010211474
Cover Image
Correlation neglect in belief formation : conference paper
Enke, Benjamin; Zimmermann, Florian - 2013
people neglect correlations in the updating process, leading to systematically "overshooting" beliefs. This finding lends …
Persistent link: https://www.econbiz.de/10010339934
Cover Image
Anticipatory anxiety and wishful thinking
Engelmann, Jan; Lebreton, Maël; Schwardmann, Peter; … - 2019
It is widely hypothesized that anxiety and worry about an uncertain future lead to the adoption of comforting beliefs …
Persistent link: https://www.econbiz.de/10012026094
Cover Image
The curse of knowledge increases self-selection into competition : experimental evidence
Danz, David - 2014 - Rev.
The psychology literature provides ample evidence that people have difficulties taking the perspective of less-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative overconfidence and overentry into competition. In a broader...
Persistent link: https://www.econbiz.de/10010403249
Cover Image
A model of reference-dependent belief updating
Maier, Johannes K.; König, Clemens - 2016
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
Cover Image
Randomizing endowments : an experimental study of rational expectations and reference-dependent preferences
Götte, Lorenz; Harms, Annette; Sprenger, Charles - 2014
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
Cover Image
Contract compliance under biased expectations : evidence from an experiment in Ghana
Fischer, Sabine; Grosch, Kerstin - 2020
Contract compliance is key for economic growth. However, determinants affecting contract breach are not yet well understood. In this paper, we focus on contract situations with a potential hold-up problem, such as contract farming agreements which are prevalent in many developing countries. We...
Persistent link: https://www.econbiz.de/10012200093
Cover Image
Disappointment aversion and social comparisons in a real-effort competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition. Specifically, we study the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and...
Persistent link: https://www.econbiz.de/10011647659
Cover Image
Disappointment aversion and social comparisons in a real-effort competition
Gächter, Simon; Huang, Lingbo; Sefton, Martin - 2017
This paper investigates the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and Prowse, 2012). "Social" and "asocial" versions of the Gill and Prowse experiment are compared, where the latter treatment...
Persistent link: https://www.econbiz.de/10011660754