Narrow search
Showing 1 - 10 of 2,522
Cover Image
Rationality is not consistency
Caliari, Daniele - 2023
We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … evidence raises doubts about the choice of language that equates consistency with rationality in economics. … between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by …
Persistent link: https://www.econbiz.de/10014323610
Cover Image
Nudging: an experiment on transparency, controlling for reactance and decision time
Schütze, Tobias; Spitzer, Carsten; Wichardt, Philipp C. - 2023
Is being informed about nudging detrimental to the effect of the nudge? This paper reports results from an experimental study (n = 623) testing the effects of transparency on the effectiveness of a default nudge while controlling for reactance and decision time. Overall, the data show that more...
Persistent link: https://www.econbiz.de/10014323254
Cover Image
Preference dynamics : a procedurally rational model of time and effort allocation
Krecik, Markus - 2024
Current time allocation and household production models face three major weaknesses: First, they only describe the average time allocation. Thus, information about the order of activities is lost. Therefore, it is impossible to describe the influence of activities on later ones. Such...
Persistent link: https://www.econbiz.de/10014480143
Cover Image
Psychological pressure and the right to determine the moves in dynamic tournaments : evidence from a natural field experiment
Kassis, Mark; Schmidt, Sascha Leonard; Schreyer, Dominik; … - 2020
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly...
Persistent link: https://www.econbiz.de/10012269663
Cover Image
Psychological pressure and the right to determine the moves in dynamic tournaments - evidence from a natural field experiment
Kassis, Mark; Schmidt, Sascha Leonard; Schreyer, Dominik; … - 2020 - This version: 23 August 2020
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly...
Persistent link: https://www.econbiz.de/10012270658
Cover Image
Psychological pressure and the right to determine the moves in dynamic tournaments : evidence from a natural field experiment
Kassis, Mark; Schmidt, Sascha Leonard; Schreyer, Dominik; … - 2020 - This version: 23 August 2020
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly...
Persistent link: https://www.econbiz.de/10012271460
Cover Image
Psychological pressure and the right to determine the moves in dynamic tournaments: evidence from a natural field experiment
Kassis, Mark; Schmidt, Sascha Leonard; Schreyer, Dominik; … - 2020
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly...
Persistent link: https://www.econbiz.de/10012271547
Cover Image
Imagine-self perspective-taking and rational self-interested behavior in a simple experimental normal-form game
Karbowski, Adam; Ramsza, Michał - 2017
be played due to not full rationality of the opponents or their specific not self-interested motivation. However …
Persistent link: https://www.econbiz.de/10011761459
Cover Image
In Search of Homo Economicus : Preference Consistency, Emotions, and Cognition
Lee, Leonard; Amir, On; Ariely, Dan - 2011
emotional and cognitive systems in preference consistency (transitivity). Participants were asked to make a set of binary …
Persistent link: https://www.econbiz.de/10014026835
Cover Image
The endowment effect on entrepreneurs : a risky attachment
Echeverry Peñón, Isabela; Reyes Ortega, Santiago - In: Estudios de economía 45 (2018) 2, pp. 231-249
This paper presents evidence on the role of the endowment effect in shaping the risk-taking behavior of entrepreneurs, and how the potential of losing their firms lead them to take higher risks. This study uses an experimental design with 466 entrepreneurs in Cali, Colombia. Results show that...
Persistent link: https://www.econbiz.de/10011982570