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When Does the Price Affect the Taste? Results from a Wine Experiment
Almenberg, Johan - 2010
is received, affects how the good is experienced. The good in question was wine, and the price was either high or low …. Our results suggest that hosts offering wine to guests can safely reveal the price: much is gained if the wine is … expensive, and little is lost if it is cheap. Disclosing the high price before tasting the wine produces considerably higher …
Persistent link: https://www.econbiz.de/10013152920
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009748615
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Deception and self-deception
Schwardman, Peter; Weele, Joël J. van der - 2016
We experimentally investigate the determinants of overconfidence and test the hypothesis, advanced by Robert Trivers …
Persistent link: https://www.econbiz.de/10011441641
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Correlation Neglect in Belief Formation
Enke, Benjamin - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10013082140
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Correlation Neglect in Belief Formation
Enke, Benjamin - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10013072106
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010211474
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009740017
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Correlation neglect in belief formation : conference paper
Enke, Benjamin; Zimmermann, Florian - 2013
A frequent feature of information structures is that they generate signals which are not mutually independent, but rather rely on a common set of underlying information. Using a simple experimental design, we show that in such contexts many people neglect correlations in the updating process,...
Persistent link: https://www.econbiz.de/10010339934
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Not all price endings are created equal : price points and asymmetric price rigidity
Levy, Daniel C.; Snir, Avichai; Gotler, Alex; Chen, Haipeng - 2014 - Rev.: Nov. 5, 2014
Using data from three sources (a laboratory experiment, a field study, and a large US supermarket chain), we document a surprising asymmetric behavior of 9-ending prices: they are more rigid upward, but not downward, in comparison to non 9-ending prices. The data from the lab experiment and the...
Persistent link: https://www.econbiz.de/10010434674
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Social anchor effects in decision-making under ambiguity
Lahno, Amrei M. - 2014
I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity. In a between-subjects design I vary whether subjects learn choices made individually by a "peer" in a first part when facing the same task a second time, and whether prospects...
Persistent link: https://www.econbiz.de/10010364762