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Purpose The relevance of present consumption bias on personal finance has been confirmed in several studies and has important theoretical and practical implications. It has important, measurable implications when analyzing commitment or self-control, adherence to healthy habits (e.g. exercising...
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in honesty and cooperation and tested the individual-level links between these two moral domains. Participants completed … both honesty and cooperation tasks after observing their peers. Consistent with the literature, separate analysis of the … two domains indicated both negative and positive peer influences in honesty and in cooperation, with negative influences …
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We study whether the COVID-19 pandemic has impacted risk preferences, comparing the results of experiments conducted before and during the outbreak. In each experiment, we elicit risk preferences from two sample groups: professional traders and undergraduate students. We find that, on average,...
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Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...
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