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Payments and discounts incentivize participation in many transactions about which people know little, but can learn more --- payments for medical trial participation, signing bonuses for job applicants, or price rebates on consumer durables. Who opts into the transaction when given such...
Persistent link: https://www.econbiz.de/10012052276
. We conduct a behavioral experiment that confirms these predictions, both for experimental variation in the costs of …
Persistent link: https://www.econbiz.de/10011863553
choices and enjoyment choices. -- Utility maximization ; experiment ; Klein-Rubin utility function ; perception utility … concept; and (iii) it is necessary to distinguish the perception utility and emotion utility to respectively describe economic …
Persistent link: https://www.econbiz.de/10009559952
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …. -- Reference points ; expectations ; loss aversion ; risk aversion ; disappointment ; experiment …
Persistent link: https://www.econbiz.de/10003794106
This experiment explores whether individuals know that other people are biased. We confirm that overestimation of …
Persistent link: https://www.econbiz.de/10003576410
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …. -- Reference Points ; Expectations ; Loss Aversion ; Risk Aversion ; Disappointment ; Experiment …
Persistent link: https://www.econbiz.de/10003799801
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10012765260
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10009012621
Beliefs are intuitive if they rely on associative memory, which can be described as a network of associations between events. A belief-theoretic characterization of the model is provided, its uniqueness properties are established, and the intersection with the Bayesian model is characterized....
Persistent link: https://www.econbiz.de/10012845406
In this paper, we hypothesize that the strength of the consensus effect, i.e., the tendency for people to overweight the prevalence of their own values and preferences when forming beliefs about others' values and preferences, depends on the salience of own preferences. We manipulate salience by...
Persistent link: https://www.econbiz.de/10014233633