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We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision making, with the agent's choices determined by three psychological variables, we imagine that a subset of these variables can be selected by a manipulator. To what extent does this...
Persistent link: https://www.econbiz.de/10010278596
We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision making, with the agent's choices determined by three "psychological variables," we imagine that a subset of these variables can be selected by a "manipulator." To what extent does...
Persistent link: https://www.econbiz.de/10009225770
Persistent link: https://www.econbiz.de/10012650142
Many intertemporal trade-offs are unbalanced: while the advantages of options are concentrated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for “concentration bias”, the tendency to overweight advantages that are concentrated...
Persistent link: https://www.econbiz.de/10012582074
Many intertemporal trade-offs are unbalanced: while the advantages of options are concentrated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for "concentration bias", the tendency to overweight advantages that are concentrated in...
Persistent link: https://www.econbiz.de/10012500576
In corporate practice, incentive schemes are often complicated even for simple tasks. Hence, the way they are communicated might matter. In a controlled field experiment, we study a minimally invasive change in the communication of a well-established incentive scheme - a reminder regarding the...
Persistent link: https://www.econbiz.de/10011350823
kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events …
Persistent link: https://www.econbiz.de/10011414226
, however, is not uniform but depends on context. When the environment allows subjects to not focus attention on (negative …
Persistent link: https://www.econbiz.de/10011555503
, however, is not uniform but depends on context. When the environment allows subjects to not focus attention on (negative …
Persistent link: https://www.econbiz.de/10011559600
argue that guessing draws attention to the norm and therefore increases its effectiveness. Our results suggest that the …
Persistent link: https://www.econbiz.de/10011560619