Showing 1 - 10 of 2,557
Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
Persistent link: https://www.econbiz.de/10012308290
Belief elicitation is important in many different felds of economic research. We show that how a researcher elicits such beliefs-in particular, whether the belief is about the participant's opponent, an unrelated other, or the population of others-affects the processes involved in the formation...
Persistent link: https://www.econbiz.de/10013341662
We study belief updating about relative performance in an egorelevant task. Manipulating beliefs about the ego-relevance of the task, we show that subjects update their beliefs about relative performance more optimistically as direct belief utility increases. This finding provides clean evidence...
Persistent link: https://www.econbiz.de/10013342128
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
theoretically informed experiment, employing a variant of the sender receiver game in which receivers can purchase reports from up … baseline condition of our experiment, receivers observe senders' incentives for reporting truthfully. In the treatment …
Persistent link: https://www.econbiz.de/10013341947
We use surveys of German households and firms to study the extent of information frictions among different groups of economic agents. Firms' expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with expert forecasts and less dispersed than...
Persistent link: https://www.econbiz.de/10013335954
We conduct a laboratory experiment to explore whether loss aversion applies to social image concerns. First, subjects …
Persistent link: https://www.econbiz.de/10012422440
controlled and incentivized experiment, we find that observers do, indeed, condemn hypocritical behavior strongly. The aversion …
Persistent link: https://www.econbiz.de/10012429606
room for the second mover when deciding on a reciprocating action. We employ a controlled experiment to investigate how …
Persistent link: https://www.econbiz.de/10013338073
This paper studies the causal effect of providing information about climate change on individuals' willingness to pay to offset carbon emissions in a randomized control trial. Receiving truthful information about ways to reduce CO2 emissions increases individuals' willingness to pay for CO2...
Persistent link: https://www.econbiz.de/10013326470