Showing 91 - 100 of 71,816
. Embedding our results in dual-systems theory, how information is presented can serve as a potential means to exogenously …
Persistent link: https://www.econbiz.de/10011523286
We examine the risky choices of pairs of contestants in a popular radio game show in France. At one point during the COVID-19 pandemic the show, held in person, had to switch to an all-remote format. We find that such an exogenous change in social context affected risk-taking behavior. Remotely,...
Persistent link: https://www.econbiz.de/10013440406
The paper examines the economic role of modelling information on the decision problem of an exporting firm under … exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal … conveys more information about the random foreign exchange rate. We analyze the interaction between market transparency and …
Persistent link: https://www.econbiz.de/10010300624
substantial socioeconomic gradient. We focus on information gaps - specifically, incomplete information about college benefits and …-college-age) child attending college. We simulate an "information intervention", and find that were individuals to be provided with the …
Persistent link: https://www.econbiz.de/10011340967
socioeconomic gradient. We focus on information gaps – specifically, incomplete information about college benefits and costs – as a … potential explanation for these patterns. For this purpose, we conduct an information experiment about college returns and costs … outcomes of interest. Respondents are then randomly exposed to one of two information treatments, which respectively provide …
Persistent link: https://www.econbiz.de/10011401724
supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the … lab where subjects are offered additional, useful and identical information on the state of the world across treatments …
Persistent link: https://www.econbiz.de/10010326404
ignorance: 46% of subjects choose to ignore calorie information, and these subjects subsequently consume more calories on … risk. Further, we find that the prevalence of strategic ignorance largely negates the effectiveness of calorie information … provision: on average, subjects who have the option to ignore calorie information consume about the same number of calories as …
Persistent link: https://www.econbiz.de/10012101071
Existing models of regret aversion assume that individuals can make an ex-post comparison between their choice and a foregone alternative. Yet in many situations such a comparison can be made only if someone else chose the alternative option. We develop a model where regret-averse agents must...
Persistent link: https://www.econbiz.de/10012110582
After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo-) classical at the micro-level, but Keynesian at the macro-level. In actuality, Keynes' revolution was, to a substantial part, based on the behavioral micro-foundations of the world we...
Persistent link: https://www.econbiz.de/10012140491
Keynes' General Theory (GT) ist in zweierlei Hinsicht umfassender als das (neo-) klassische Modell: (1) sie schließt das Vollbeschäftigungsgleichgewicht als Sonderfall ein und (2) sie basiert auf realistischem mikroökonomischem Verhalten, dessen sozial isolierter, den Eigennutz maximierender...
Persistent link: https://www.econbiz.de/10012140492