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In reciprocal interactions, both genuine kindness and self-interested material gain may motivate socially beneficial actions. The paper presents results from two experiments that distinguish the role of perceived motives in reciprocal decision making from the role of outcomes or perceived...
Persistent link: https://www.econbiz.de/10012954733
We investigate whether depleting people's cognitive resources (or "willpower") affects the degree to which they are susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that can be temporarily depleted and that a depleted...
Persistent link: https://www.econbiz.de/10009793156
satisfaction and is thus responsible for sub-optimal choices. In our experiment, subjects can choose among three programs during a …
Persistent link: https://www.econbiz.de/10013092888
satisfaction and is thus responsible for sub-optimal choices. In our experiment, subjects can choose among three programs during a …
Persistent link: https://www.econbiz.de/10014183555
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
of unknown goods will find it optimal at some point to become variety averse. To test this hypothesis, an experiment is … rationality ; decision making ; laboratory experiment. …
Persistent link: https://www.econbiz.de/10008991845
Recent health policy reforms try to increase consumer choice. We use a laboratory experiment to analyze consumers …
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
implications: what is 'played out' at the end of the experiment is not influenced by subjects choosing this middle column. In other … experiment, which adopts this latter incentive mechanism, and ask the question as to why people might choose this option, that is … the choice (to the coin), shifting the ‘responsibility' to the coin, though the DM may tremble in expressing his or her …
Persistent link: https://www.econbiz.de/10012869670