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finance, it is usually modeled as a direct consequence of misperceiving signal reliability. This bias is typically dubbed …-established miscalibration bias. We find no gender differences in overconfidence for our measures except for one, where women are more …
Persistent link: https://www.econbiz.de/10010281612
Cooperation problems are at the heart of many everyday situations. In this paper, we propose a very simple and light-handed mechanism to sustain cooperation and test its performance in a rich laboratory environment. The mechanism moderates cooperation by controlling experiences, more...
Persistent link: https://www.econbiz.de/10009007141
People often forget and sometimes fantasize. This paper reports a large-scale experiment on memory errors and their … present bias, but this is not the case for positive amnesia. In an intra-person, multiple-self model, we demonstrate that …
Persistent link: https://www.econbiz.de/10013216068
Persistent link: https://www.econbiz.de/10008780291
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simple laboratory experiment shows that participants either strongly underestimate skewness or ignore it completely. The …. The observed bias in expectations is irrespective to risk preferences and fairly robust to feedback. It is consistent with … a behavioral model in which geometric growth is confused with linear growth. The bias is a possible explanation of …
Persistent link: https://www.econbiz.de/10009664569
's presence. Monetary incentives reduce the average bias to one-third of its original value. Additionally, the average anchor bias … abilities are on average less biased toward the anchor when task complexity is high. The anchoring bias in our repeated game is …
Persistent link: https://www.econbiz.de/10009777356
reduced selected cognitive biases by 30 %. In this work I report results of an experiment which investigated the debiasing … effects of training on confirmation bias. The debiasing training took the form of a short video which contained information … about confirmation bias, its impact on judgement, and mitigation strategies. The results show that participants exhibited …
Persistent link: https://www.econbiz.de/10012149989
everybody else or another "unspeci fied" individual is doing, they exhibit a consensus bias (believing that others are similar … shows that not accounting for the biases will typically bias estimates of game-theoretic thinking upwards. …
Persistent link: https://www.econbiz.de/10012308290
psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …
Persistent link: https://www.econbiz.de/10012299784