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Demand shifts due to salience effects : experimental evidence
Dertwinkel-Kalt, Markus; Köhler, Katrin; Lange, Mirjam; … - 2016
We conduct a laboratory experiment that tests two fundamental predictions unique to salience theory. If an agent … purchases one of two vertically differentiated products, salience theory makes the following two distinct predictions. First, it … unexpectedly high. In our experiment, subjects purchased fast or slow internet access at different price levels. Our results …
Persistent link: https://www.econbiz.de/10011445057
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Comparing behavior under risk and under ambiguity in a lifecycle experiment
Carbone, Enrica; Infante, Gerardo - In: Theory and decision : an international journal for … 77 (2014) 3, pp. 313-322
Persistent link: https://www.econbiz.de/10010481167
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Does personalized information improve health plan choices when individuals are distracted?
Kaumann, Cornel; Müller, Tobias; Hefti, Andreas; Boes, … - 2018
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
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Behavioral Patterns and Reduction of Sub-Optimality : An Experimental Choice Analysis
Di Cagno, Daniela - 2017
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
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Serving consumers in an uncertain world : a credence goods experiment
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 3 October 2023
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
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Serving consumers in an uncertain world : a credence goods experiment
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 30 September 2023
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
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Serving consumers in an uncertain world : a credence goods experiment
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 3 October 2023
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/10014382489
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Variety aversion and information overload : an experimental approach
Kaiser, Karen - 2011
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
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Sadder but wiser : the effects of affective states and weather on ambiguity attitudes
Baillon, Aurélien; Koellinger, Philipp; Treffers, Theresa - 2014
Many important decisions are made without precise information about the probabilities of the outcomes. In such situations, individual ambiguity attitudes influence decision making. The present study identifies affective states as a transient cause of ambiguity attitudes. We conducted two...
Persistent link: https://www.econbiz.de/10010337020
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A model of reference-dependent belief updating
Maier, Johannes K.; König, Clemens - 2016
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011557745