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Price discontinuities in an online market for used cars
Englmaier, Florian; Schmöller, Arno Robin; Stowasser, Till - 2015
We use more than 63,000 datapoints from a German used car market website to document systematic and substantial price drops at vintage (= year of first registration) thresholds and 10,000 km odometer marks. The latter finding replicates the findings in Lacetera et al. (2012), whereas the first...
Persistent link: https://www.econbiz.de/10011285329
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Price discontinuities in an online used car market : conference paper
Englmaier, Florian; Schmöller, Arno Robin; Stowasser, Till - 2013
-processing heuristics matter also in markets with large stakes and easily observed information …
Persistent link: https://www.econbiz.de/10010338953
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A Heuristic Approach to Explore : The Value of Perfect Information
Shahrokhi Tehrani, Shervin - 2019
How do people make choices in a dynamic stochastic environment when they face uncertainty about the return of their choices? The classical approach to this problem is to assume consumers use dynamic programming to obtain the optimal decision rule. However, this approach has two drawbacks. First,...
Persistent link: https://www.econbiz.de/10012870784
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Heuristic Thinking and Limited Attention in the Car Market
Lacetera, Nicola - 2010
thinking may be important. Our results suggest that information-processing heuristics may be important even in market settings …
Persistent link: https://www.econbiz.de/10013137810
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The relationship between risk attitudes and heuristics in search tasks : a laboratory experiment
Schunk, Daniel; Winter, Joachim - 2007 - This version: February 22, 2007
optimal conditional on utility functions departing from risk neutrality, or heuristics derived from limited cognitive … standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …
Persistent link: https://www.econbiz.de/10003470506
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Attention and biases : evidence from tax-inattentive investors
Birru, Justin; Chague, Fernando; De-Losso, Rodrigo; … - 2019
We first provide evidence of some retail investors taking real trading (selling) decisions which are clearly sub-optimal even from an ex-ante perspective. We then show that these investors also exhibit stronger investment biases, namely, the disposition effect, underdiversification, preference...
Persistent link: https://www.econbiz.de/10012120317
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Facilitating healthy dietary habits : an experiment with a low income population
Belot, Michèle; James, Jonathan G.; Spiteri, Jonathan - 2019
We investigate whether short-term everyday stressors leads to unhealthier dietary choices among low socioeconomic status mothers. We propose a novel stress protocol that aims to mimic everyday stressors experienced by this population, involving time and financial pressure. We evaluate the impact...
Persistent link: https://www.econbiz.de/10012121803
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Limited attention in case-based belief formations
Bleile, Jörg - 2014
An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
Persistent link: https://www.econbiz.de/10010403098
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Anchoring in financial decision-making : evidence from the field
Jetter, Michael; Walker, Jay K. - 2016
This paper analyzes 12,596 wagering decisions of 6,064 contestants in the US game show Jeopardy!, focusing on the anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue in their wagering decision, even though there exists...
Persistent link: https://www.econbiz.de/10011526727
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Common biases and heuristics in nutritional quality judgments: a qualitative exploration
Gomez, Pierrick - Université Paris-Dauphine (Paris IX) - 2013
different kinds of heuristics used for making nutritional quality judgments. Narratives in which consumers elaborate about their … shortcuts to simplify nutrition information processing; (2) heuristics unrelated to nutrition information are commonly utilized …; and (3) these heuristics rely on semantic, sensory and visual cues. The implications of our findings are discussed from a …
Persistent link: https://www.econbiz.de/10010708142