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We extend the discrete-choice rational inattention model to the case in which the decision maker can influence the payoff distribution across states. By reducing the gap between payoffs in different states, the decision maker is able to affect her own incentives to pay attention. The smaller the...
Persistent link: https://www.econbiz.de/10012865896
We examine how leader selection is affected by individual qualifications and willingness to lead. Groups were composed of male and female members. They earned income by answering questions individually and then in groups through group leaders. Group members voted for a leader on the basis of...
Persistent link: https://www.econbiz.de/10013213555
We perform an experiment where subjects pay for the right to participate in a shareholder vote. We find that …
Persistent link: https://www.econbiz.de/10003635132
findings are replicated in a similar experiment with USB sticks instead of mugs. …
Persistent link: https://www.econbiz.de/10010494919
Payment for ecosystem service (PES) programs incentivize farmers to implement agricultural best management practices (BMPs) with the goal of reducing nutrient and sediment runoff and improving water quality. These programs are widespread at both the federal and state level. Because some farmers...
Persistent link: https://www.econbiz.de/10013002835
Using a choice experiment, we test whether taste-based employee discrimination against ethnic minorities is susceptible …
Persistent link: https://www.econbiz.de/10014088280
Persistent link: https://www.econbiz.de/10011850032
We use a choice experiment on gasoline consumers to investigate whether respondents exhibit limited attention to the …
Persistent link: https://www.econbiz.de/10013133111
We use an internet survey conducted among a random sample of 490 drivers in the State of Ohio to answer the question, “When are consumers more likely to search?” The internet survey affords us the opportunity to overcome endogeneity difficulties with market observation data by imposing...
Persistent link: https://www.econbiz.de/10013133112
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so-called uncertainty effect, namely, that people value a binary lottery over non-monetary outcomes less than other people value the lottery's worse outcome. While the authors implemented a verbal lottery...
Persistent link: https://www.econbiz.de/10013157185