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An offer you can't refuse? : incentives change what we believe
Ambuehl, Sandro - 2017
Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more … costly, higher incentives also change reservation prices to further increase participation. A higher incentive makes people …. Hence, incentives change not only what people choose, but also what they believe their choices entail. This result informs …
Persistent link: https://www.econbiz.de/10011588031
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Correlation neglect in belief formation : conference paper
Enke, Benjamin; Zimmermann, Florian - 2013
occurring informational environment, in which subjects predict GDP growth on the basis of real news reports. …
Persistent link: https://www.econbiz.de/10010339934
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009748615
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009740017
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010211474
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Individual Speculative Behavior and Overpricing in Experimental Asset Markets
Janssen, Dirk-Jan - 2018
explanations, using a market environment introduced by Lei, Noussair, and Plott (2001) where speculation is impossible. Taken …
Persistent link: https://www.econbiz.de/10012937410
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Correlation Neglect in Belief Formation
Enke, Benjamin - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10013072106
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Correlation Neglect in Belief Formation
Enke, Benjamin - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10013082140
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Pro-Social Behavior, Heterogeneity and Incentives : Experimental Evidence from the Local Commons in Colombia
Polania-Reyes, Sandra - 2015
know a lot about the effect of incentives on pro-social behavior, we understand very little about how to promote pro …-social behavior efficiently. For example, we accept that monetary incentives sometimes are less effective than would be predicted for …, we compare the role of heterogeneity of preferences in social efficiency across incentives and confirm the existence of …
Persistent link: https://www.econbiz.de/10013018977
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Are Hypothetical Referenda Incentive Compatible?
Cummings, Ronald C.; Elliott, Steven; Harrison, Glenn W.; … - 1998
Hypothetical referenda have been proposed as an incentive- compatible mechanism that can be used to obtain social valuations of environmental resources. We employ experimental methods to test the hypothesis that such referenda are indeed incentive compatible. Our results lead us to reject that...
Persistent link: https://www.econbiz.de/10014221675