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Since its inception, psychology has studied position effects. But the position was a temporal one in sequential presentation, and the dependent variables related to memory and learning. This paper attempts to survey position effects when position is spatial (namely, position=location), all...
Persistent link: https://www.econbiz.de/10009209680
Persistent link: https://www.econbiz.de/10009200943
It has been noted and demonstrated that people are reluctant to make changes in their current state (called the status quo bias, Samuelson & Zeckhauser, 1988), and to trade objects they own (called the endowment effect, Thaler, 1980). This reluctance has been explained by a combination of loss...
Persistent link: https://www.econbiz.de/10004964327
Evidence, both anecdotal and scientific, suggests that people treat (or are affected by) products of prestigious sources differently than those of less prestigious or anonymous sources. The "products" which are the focus of the present study are poems, and the "sources" are the poets. We explore...
Persistent link: https://www.econbiz.de/10008493939
"Waste not want not" expresses our culture's aversion to waste. "I could have gotten the same thing for less" is a sentiment that can diminish pleasure in a transaction. We study people's willingness to "pay" to avoid this spoiler. In one scenario, participants imagined they were looking for a...
Persistent link: https://www.econbiz.de/10008493942
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Scientists try to find out the truth about our world. Judges in a court of law try to find out the truth about the target events in the indictment. What are the similarities, and what are the differences, in the procedures that govern the search for truth in these two systems? In particular, why...
Persistent link: https://www.econbiz.de/10008493946
A Nobel Prize in Economics was given to the psychologist Daniel Kahneman for his joint research with the late psychologist Amos Tversky on decision making under uncertainty and on subjective judgments of uncertainty. The two proposed Prospect Theory as a descriptive alternative to Utility...
Persistent link: https://www.econbiz.de/10005459379
Polygraph test results are by and large ruled inadmissible evidence in criminal courts in the US, Canada and Israel. This is well-conceived with regard to the dominant technique of polygraph interrogation, known as the Control Question Technique (CQT), because it indeed does not meet the...
Persistent link: https://www.econbiz.de/10005585368
In a series of experiments, Bar-Hillel and Budescu (1995) failed to find a desirability bias in probability estimation. The World Cup soccer tournament (of 2002 and 2006) provided an opportunity to revisit the phenomenon, in a context where wishful thinking and desirability bias are notoriously...
Persistent link: https://www.econbiz.de/10005596293