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We randomly assigned consumer loan requests (of random amount and length) to gender-balanced prospective-borrowers who … submitted by women are 18.3% less likely to be approved, with most of the gender effect coming from gender-biased officers … repayment rates than men and find that gender-biased officers in the treatment-group discriminated more against women relative …
Persistent link: https://www.econbiz.de/10012256490
of unknown goods will find it optimal at some point to become variety averse. To test this hypothesis, an experiment is …
Persistent link: https://www.econbiz.de/10008991845
depletion should increase framing effects. To test this we designed two experiments in which we depleted participants' willpower …
Persistent link: https://www.econbiz.de/10009793156
Recent health policy reforms try to increase consumer choice. We use a laboratory experiment to analyze consumers’ tastes in typical contract attributes of health insurances and to investigate their relationship with individual risk preferences. First, subjects make consecutive insurance...
Persistent link: https://www.econbiz.de/10010461931
A continuing goal of experiments is to understand risky decisions when the decisions are important. Often a decision's importance relates to the magnitude of the associated monetary stake. Khaneman and Tversky (1979) argue that risky decisions in high stakes environments can be informed using...
Persistent link: https://www.econbiz.de/10013159348
This paper attempts to identify behavioral patterns and compare their average success considering several criteria of bounded rationality. Experimentally observed choice behavior in various decision tasks is used to assess heterogeneity in how individual participants respond to 15 randomly...
Persistent link: https://www.econbiz.de/10012945510
The standard assumption in economics is that people have well-defined preferences and are able to specify their preferred choice. This is usually adopted by experimenters, when eliciting preferences, by asking subjects to choose between two options: "I choose option A" or "I choose option B"....
Persistent link: https://www.econbiz.de/10012869670
Recent health policy reforms try to increase consumer choice. We use a laboratory experiment to analyze consumers' tastes in typical contract attributes of health insurances and to investigate their relationship with individual risk preferences. First, subjects make consecutive insurance choices...
Persistent link: https://www.econbiz.de/10013026166
This paper tests how subjects behave in an intertemporal consumption/saving experiment when borrowing is allowed and whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is required for optimal consumption. Since both...
Persistent link: https://www.econbiz.de/10010190271
test standard decision theoretic predictions concerning purchasing behavior in a rebate and a discount scheme. We …
Persistent link: https://www.econbiz.de/10014224223