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Bribery : Behavioral Drivers of Distorted Decisions
Gneezy, Uri; Saccardo, Silvia; van Veldhuizen, Roel - 2018
judgment. When the referee keeps the bribes regardless of the winner, bribes no longer influence her decision. A field …
Persistent link: https://www.econbiz.de/10014126521
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Choice, deferral, and consistency
Costa‐Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1297-1318
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
Persistent link: https://www.econbiz.de/10013382078
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Fast then slow : a choice process explanation for the attraction effect
Gaudeul, Alexia; Crosetto, Paolo - 2019
In this paper we provide choice-process experimental evidence that the attraction effect is a short-term phenomenon, that disappears when individuals are given time and incentives to revise their choices. The attraction (or decoy) effect is the most prominent example of context effects, and it...
Persistent link: https://www.econbiz.de/10012135537
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Algorithmic advice as a credence good
Biermann, Jan; Horton, John J.; Walter, Johannes - 2022
Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much … - decision-makers cannot verify the quality of such goods, even after "consuming" them. Based on this finding, we test two … algorithm, it remarkably decreases human decision-making performance. In the second treatment, we reveal the task's correct …
Persistent link: https://www.econbiz.de/10013499021
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The Streetlight Effect in Data-Driven Exploration
Hoelzemann, Johannes; Manso, Gustavo; Nagaraj, Abhishek; … - National Bureau of Economic Research - 2024
We examine innovative contexts like scientific research or technical R&D where agents must search across many potential projects of varying and uncertain returns. Is it better to possess incomplete but accurate data on the value of some projects, or might there be cases where it is better to...
Persistent link: https://www.econbiz.de/10014544680
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Luce arbitrates : stochastic resolution of inner conflicts
Heydari, Pedram - In: Games and economic behavior 126 (2021), pp. 33-74
Persistent link: https://www.econbiz.de/10012616685
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You must have a preference : the impact of no-preference communication on joint decision making
Kim, Nicole You Jeung; Zwebner, Yonat; Barasch, Alixandra; … - In: Journal of marketing research 60 (2023) 1, pp. 52-71
Persistent link: https://www.econbiz.de/10013474547
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Social influences towards conformism in economic experiments
Heap, Shaun Hargreaves - 2014
This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...
Persistent link: https://www.econbiz.de/10010230894
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'Sentiments,' Conduct, and Trust in the Laboratory
Smith, Vernon L. - 2017
In this article we provide a brief account and interpretation of The Theory of Moral Sentiments showing that it departs fundamentally from contemporary patterns of thought in economics that are believed to govern individual behavior in small groups, and contains strong testable propositions...
Persistent link: https://www.econbiz.de/10012971098
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Perceived Motives and Reciprocity
Orhun, A. Yesim - 2017
actions. The paper presents results from two experiments that distinguish the role of perceived motives in reciprocal decision …
Persistent link: https://www.econbiz.de/10012954733