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We test the main predictions of the rational addiction model, reconceptualized as rational habit formation, in the context of handwashing. To track habit formation, we design soap dispensers with timed sensors. We test for rational habit formation by informing some households about a future...
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We analyze the BBC TV game show 'The Weakest Link', using data from 77 episodes, covering 13,380 questions. We focus on the banking decision, where a contestant chooses to secure an amount of money for the eventual winner, or to risk it on a general knowledge question. In the latter case, should...
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decisions in the context of gourmet cuisine. We then test our predictions in a field experiment involving more than 500 gourmet …
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to the generalized axiom of revealed preference (a proxy for rationality) increases. Our results are taken from a field …
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