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This experiment explores whether individuals know that other people are biased. We confirm that overestimation of …
Persistent link: https://www.econbiz.de/10003576410
This paper presents the results of an experiment on mutual versus common knowl- edge of advice in a two-player weak …
Persistent link: https://www.econbiz.de/10009412713
We study Nature's trade-off when endowing people with the cognitive ability to distinguish between different time periods or different prizes. Our key premise is that cognitive ability is a scarce resource, to be deployed only where and when it really matters. We show that this simple insight...
Persistent link: https://www.econbiz.de/10010356713
points. The implications of this model are tested in an experiment in which participants have to make a consumption choice …
Persistent link: https://www.econbiz.de/10010339388
-run by expected utility maximisers with the share they would receive if their preferences were described by prospect theory … condition for individuals to obtain a higher share of the pie if their preferences obey prospect theory rather than expected … utility. I decompose the effect that the three features that characterise prospect theory preferences - reference point …
Persistent link: https://www.econbiz.de/10012909950
This paper presents the results from a 2.3 million person field experiment that varies whether or not a job seeker sees …
Persistent link: https://www.econbiz.de/10012978945
There is increasing research on the impact of social norms on economic behavior. The research to date has a number of limitations: 1) it has not de-coupled the impact of the norm and the knowledge required to understand how to change behavior based upon it; and 2) it has not understood the...
Persistent link: https://www.econbiz.de/10013024980
Is the assumption that people automatically know their own preferences innocuous? We present an experiment studying the … experiment in which finite-lived participants have an induced utility function over fictitious goods about whose marginal …
Persistent link: https://www.econbiz.de/10013236483
is whether the procedure-invariance principle is violated. This research presents a parsimonious theory to reconcile …/acquisition (i.e., deliberation). As predicted, when lottery pairing was known, experiment participants exhibited substantially less …
Persistent link: https://www.econbiz.de/10013211927
Many everyday activities are habitual. Among the most common human activities is communication. If people primarily communicate in a common-interests environment, they may form habits of truth-telling and believing messages. If they primarily communicate in a conflicting-interests environment,...
Persistent link: https://www.econbiz.de/10012887895