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Worker beliefs about outside options
Jäger, Simon; Roth, Christopher; Roussille, Nina; … - 2022
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10012799502
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Habit formation and rational addiction : a field experiment in handwashing
Hussam, Reshmaan; Rabbani, Atonu; Reggiani, Giovanni; … - 2017
We test the main predictions of the rational addiction model, reconceptualized as rational habit formation, in the context of handwashing. To track habit formation, we design soap dispensers with timed sensors. We test for rational habit formation by informing some households about a future...
Persistent link: https://www.econbiz.de/10011901842
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2019
Ignorance enables individuals to act immorally. This is well known in policy circles, where there is keen interest in lowering moral ignorance. In this paper, we demonstrate the relevance of demand elasticity to ignorance by showing that small monetary incentives can significantly reduce...
Persistent link: https://www.econbiz.de/10012060975
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2019
We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...
Persistent link: https://www.econbiz.de/10011987011
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2018 - Preliminary version
We investigate the elasticity of preferences for moral ignorance with respect to monetary incentives and social norm information. We propose a model where uncertainty differentially decreases the moral costs of unethical behavior, and benchmark the demand curve for moral ignorance against a...
Persistent link: https://www.econbiz.de/10011949455
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2019
We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...
Persistent link: https://www.econbiz.de/10011993589
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Are biases contagious? : the influence of communication on motivated beliefs
Grunewald, Andreas; Klockmann, Victor; Schenk, Alicia von; … - 2024
This paper examines the potential reinforcement of motivated beliefs when individuals with identical biases communicate. We propose a controlled online experiment that allows to manipulate belief biases and the communication environment. We find that communication, even among like-minded...
Persistent link: https://www.econbiz.de/10014467686
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Micro-dynamics of knowledge : actors, processes and territorial organization
Strambach, Simone - 2013
By applying the evolutionary economic geography approach and focusing on the organizational dimension of the knowledge-based theory of the firm the paper intends to make both a conceptual and an empirical contribution to understand the ways in which knowledge dynamics unfold in time and space...
Persistent link: https://www.econbiz.de/10011303798
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What does economics assume about people's knowledge? : who knows?
Caleiro, António - 2007 - 1st version: April 15, 2007, this version: October 16, 2007
of knowledge, to distinguish the adaptive behaviour from the rational one, as well as the full rational from the bounded … rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have … been considered as more realistic approaches to model the process by which individuals acquire knowledge, for instance from …
Persistent link: https://www.econbiz.de/10011502970
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The Effect of Learning on the Make/Buy Decision
Anderson, Edward G. - 2011
By including the effects of learning over time on both the production of components and their integration into complete products, we develop an engineering-based model of outsourcing. This model provides an alternative explanation for much of what other outsourcing theories predict, as well as...
Persistent link: https://www.econbiz.de/10013119851