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We conduct a laboratory experiment to explore whether loss aversion applies to social image concerns. First, subjects are ranked publicly in a social image relevant domain, an IQ test, to establish own rank as a within-subject reference point. We then induce an exogenous change in within-subject...
Persistent link: https://www.econbiz.de/10012422440
Hypocrisy is the act of claiming moral standards to which one's own behavior does conform. Instances of hypocrisy, such as supposedly green car manufacturer Volkswagen's emissions-related scandal, are frequently reported in the media. In a controlled and incentivized experiment, we find that...
Persistent link: https://www.econbiz.de/10012429606
Informed decisions are the cornerstone of a functioning democracy. The goal of this paper is twofold. First, to explore who is good at distinguishing between true and false, and, second, to learn something about mechanisms to debunk false news stories. In an experimental study, subjects were...
Persistent link: https://www.econbiz.de/10012436189
In sequential interactions, both the first mover's intention and the outcome of his choice may influence the second mover's action. While outcomes are typically observable, intentions are more likely to be hidden, leaving potential wiggle room for the second mover when deciding on a...
Persistent link: https://www.econbiz.de/10013338073
Does social identity affect how decision makers consume and digest new information? We study this question through a theoretically informed experiment, employing a variant of the sender receiver game in which receivers can purchase reports from up to two senders. Depending on senders'...
Persistent link: https://www.econbiz.de/10013341947
, there has been a tendency to increase the consumption of vegetables among Romanians, this being attributed to the increase …
Persistent link: https://www.econbiz.de/10012517811
consumption to a 'surprise' term in permanent income as well as past values of consumption growth. We can interpret this … income growth measuring the excess sensitivity of consumption with respect to income changes and thus the degree of liquidity … for the asymmetry in the income-consumption path for German regions both with respect to the long and short run adjustment …
Persistent link: https://www.econbiz.de/10011575929
corporate net lending determinants. We disentangle the effects of the profit share on corporate saving and investment and …
Persistent link: https://www.econbiz.de/10012436191
Ageing of most societies is driven by two factors: (1) birth rates are declining and (2) people are living longer. These developments have substantial effects on economies and, in particular, on the funding of our living standards in retirement. We develop an overlapping generation model in...
Persistent link: https://www.econbiz.de/10012317293
Egypt is facing a water scarcity challenge in the upcoming years, making rationalizing household water consumption an …
Persistent link: https://www.econbiz.de/10012150469