Showing 61 - 70 of 3,244
their content effectively to update their beliefs. To answer these questions, I set up an online experiment informed by a … number of available sources increases. Also, ceteris paribus, their performance in updating their beliefs using the selected …
Persistent link: https://www.econbiz.de/10014416234
The paper develops a committee search model with ex-ante heterogeneous agents and designs laboratory experiments to …
Persistent link: https://www.econbiz.de/10011647670
decision. We report results from lab experiments focused on such information-collection processes. We consider decisions …
Persistent link: https://www.econbiz.de/10012697146
Do people anticipate the conditions that enable them to manipulate their beliefs when confronted with unpleasant … information? We investigate whether individuals seek out the "cognitive flexibility" needed to distort beliefs in self …-serving ways, or instead attempt to constrain it, committing to unbiased judgment. Experiments with 6500 participants, including …
Persistent link: https://www.econbiz.de/10012271757
of bargaining failures. Unlike previous behavioural research, that is mostly based on motivated beliefs and actions, this …
Persistent link: https://www.econbiz.de/10012129125
of bargaining failures. Unlike previous behavioural research, that is mostly based on motivated beliefs and actions, this …
Persistent link: https://www.econbiz.de/10012104838
Overconfidence is one of the most ubiquitous cognitive bias. There is copious evidence of overconfidence being relevant in a diverse set of economic domains. In this paper, we relate the recent concept of cognitive uncertainty with overconfidence. Cognitive uncertainty represents a decision...
Persistent link: https://www.econbiz.de/10013257953
Energy labels have been introduced in many countries to increase consumers’ attention to energy use in purchase … indicate that displaying operating cost affects choices through two distinct channels: it increases the attention to operating …
Persistent link: https://www.econbiz.de/10011592688
knowledge of the retail electricity market, their beliefs, preferences, and intentions to switch providers. Crucially, I can … rates of on average 1.2% per month cannot be explained by biased beliefs or high switching costs. Demographics do not …
Persistent link: https://www.econbiz.de/10014550939
, their beliefs, preferences, and intentions to switch providers. Crucially, I can link their intentions with actual switching … consumers leaves money on the table by not switching. The low switching rates cannot be explained by biased beliefs or high … procrastinate and quickly forget to switch. Based on these findings, I suggest that simply drawing attention to information or …
Persistent link: https://www.econbiz.de/10014463078