Showing 1 - 10 of 12,620
implications for the nature and formation of preferences. We study the tariff experiment conducted by South Central Bell where … local telephone tariffs were introduced for the first time in Louisville, KY. Households were given the choice to remain in …
Persistent link: https://www.econbiz.de/10014107895
We study a model of task completion with the opportunity to learn about own self-control problems over time. While the …-negative learning cost and spending one period. If the agent has time-consistent preferences, she always chooses to learn whenever the … learning is beneficial. If the agent has time-inconsistent preferences, however, she may procrastinate such a learning …
Persistent link: https://www.econbiz.de/10012118521
for certain range of beliefs prices increase over the period of time. Per period profits increase over the period of time …
Persistent link: https://www.econbiz.de/10013065803
People often conform to others either pro-socially or self-interestedly. By conducting modified dictator game experiments where subjects observe others’ behaviors, this study analyzes how observational learning influences subjects’ conforming/non-conforming and pro-social/self-interested...
Persistent link: https://www.econbiz.de/10014147057
Consumers’ purchase decisions can be influenced by others’ opinions, i.e., word-of-mouth (WOM), and/or others’ actions, i.e., observational learning. While information technologies are creating increasing opportunities for firms to facilitate/manage these two types of social interaction,...
Persistent link: https://www.econbiz.de/10014046003
this paper, we study the impact of providing personalized information on health plan choices in a laboratory experiment. We …
Persistent link: https://www.econbiz.de/10011857122
laboratory experiment, we show that consumers are generally reluctant to accept expensive treatment recommendations, which is …
Persistent link: https://www.econbiz.de/10011496820
Our study proposes a novel mechanism to reduce information asymmetry about product quality between buyers and sellers. Product testing organizations like Consumer Reports (US) and Stiftung Warentest (Germany) seek to reduce this asymmetry by providing credible information. However, limited...
Persistent link: https://www.econbiz.de/10012405619
Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...
Persistent link: https://www.econbiz.de/10014391609
Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...
Persistent link: https://www.econbiz.de/10014373468