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According to the Description-Experience gap (DE gap), people act as if overweighting rare events when information about those events is derived from descriptions but as if underweighting rare events when they experience them through a sampling process. While the is now clear evidence that the DE...
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We introduce the concept of "group cohesion" to capture the economic consequences of ubiquitous social relationships in group production. We measure group cohesion, adapting the "oneness scale" from psychology. A comprehensive program of new experiments reveals the considerable economic impact...
Persistent link: https://www.econbiz.de/10011670948
Policymakers are increasingly interested these days in how they can achieve desired outcomes using 'nudges' - low-cost and non-obtrusive interventions which rely on psychological mechanisms, rather than high-powered economic incentives, to influence people's behaviour. This paper applies the...
Persistent link: https://www.econbiz.de/10011660781
We introduce the concept of "group cohesion" to capture the economic consequences of ubiquitous social relationships in group production. We measure group cohesion, adapting the "oneness scale" from psychology. A comprehensive program of new experiments reveals the considerable economic impact...
Persistent link: https://www.econbiz.de/10011660783
We introduce the concept of "group cohesion" to study the economic consequences of social relationships in team production. We measure group cohesion, adapting the "oneness scale" from psychology to group level. A series of experiments, including a pre-registered replication, reveals that higher...
Persistent link: https://www.econbiz.de/10012138579
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We investigate whether relative performance feedback can create biases in confidence leading it to 'snowball'. We study elicited confidence about own performance, relative to other group members, in three stages. As subjects move across stages, we change group composition so that new groups...
Persistent link: https://www.econbiz.de/10012215994
We report two studies investigating whether, and if so how, different interventions affect voter registration rates. In a natural field experiment conducted before the 2015 UK General Election, we varied messages on a postcard sent by Oxford City Council to unregistered student voters...
Persistent link: https://www.econbiz.de/10011770644