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We run an experiment on the impact of involvement and outcome favorability on the acceptance of collective decisions …
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on what others think about their thinking. Drawing on a controlled experiment, we find that a negative emotion (fear …) deepens the tendency to engage in iterative reasoning compared with a positive emotion (amusement). Moreover, neutral emotions …
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Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
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