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Focusing theory hypothesizes a bias toward concentration according to which consumers prefer goods with one outstanding … feature over those with several smaller sized upsides. In contrast to models of present-biased behavior, focusing theory … focusing theory. …
Persistent link: https://www.econbiz.de/10011433396
Focusing theory hypothesizes a bias toward concentration according to which consumers prefer goods with one outstanding … feature over those with several smaller sized upsides. In contrast to models of present-biased behavior, focusing theory … focusing theory. …
Persistent link: https://www.econbiz.de/10011492200
Persistent link: https://www.econbiz.de/10013253994
Many intertemporal trade-offs are unbalanced: while the advantages of options are concen- trated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for “concentration bias”, the tendency to overweight advantages that are...
Persistent link: https://www.econbiz.de/10012499569
Many intertemporal trade-offs are unbalanced: while the advantages of options are concentrated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for "concentration bias", the tendency to overweight advantages that are concentrated in...
Persistent link: https://www.econbiz.de/10012500576
visual frame. Results are in line with the distracted attention mechanism and suggest that disclosure policies should take …
Persistent link: https://www.econbiz.de/10011416914
Economists have become increasingly interested in using attention to explain behavioral patterns both on the micro and …-down" model of executive optimization. Others, like salience theory, assume a "bottom-up" influence where attention is driven by … contextual factors. This distinction is fundamental for the economic implications of attention, but so far there is little …
Persistent link: https://www.econbiz.de/10012510861
Does attention have a causal impact on risky decisions? We address this question in a preregistered experiment in which … causal role of attention on the decision process, we manipulate for how long each outcome is presented before showing the … strongest driver of this effect. Jointly, these results support the notion that attention has a causal impact on risky choice …
Persistent link: https://www.econbiz.de/10013332731
computer game in which decision makers have to pay attention to and perform multiple actions within a short period of time. The …
Persistent link: https://www.econbiz.de/10014279732
, depending on the presented visual stimuli. Using eye-tracking data, we investigated the effects of arousal, attention, and … disengagement on individual payoffs using linear and nonlinear approaches. By estimating a nonlinear model using attention as a … attention exceeds a certain threshold, whereas disengagement has a higher negative impact on reduced attention levels and …
Persistent link: https://www.econbiz.de/10014288934