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longitudinal experiment over four weeks, individuals have to complete a cumbersome task of unknown length. They are exposed to … (motivated procrastination) turns out to be robust to accounting for decision-makers' time preferences and emotional responses …, and looms largest for decision makers who tend to not acquire information that may include negative news. …
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for this notion of ‘motivated procrastination’. In a longitudinal experiment over four weeks, individuals must complete a …
Persistent link: https://www.econbiz.de/10014517966
To address the impact of regulation on ethical concerns of consumers, we study the example of minimum wages. In our experimental market, consumers have monopsony power, firms set prices and wages, and workers are passive recipients of a wage payment. We find that the majority of consumers...
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Although it is generally accepted that consumer confidence measures are informative signals about the state of the economy, theoretical macroeconomic models designed for the analysis of monetary policy typically do not provide a role for them. I develop a framework with asymmetric information in...
Persistent link: https://www.econbiz.de/10012269096
. We find that the firm encourages social learning for a greater range of beliefs and has greater expected revenue when it … faces consumers that can delay their purchase decision versus when they can't …
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are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …
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psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is …
Persistent link: https://www.econbiz.de/10010230894
-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 …), the procrastination of learning can occur even when the learning cost is zero. The procrastination also leads to a non …
Persistent link: https://www.econbiz.de/10012118521