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This dissertation addresses human decision making in justice-related contexts. Experiments involving second and third party fairness situations as well as consumer psychological contexts show how people care about justice. Further, individual difference measures (justice sensitivity) help to...
Persistent link: https://www.econbiz.de/10008842544
Understanding how people behave in strategic settings–where they make decisions based on their expectations about the behavior of others–is a longstanding problem in the behavioral sciences. We conduct the largest study to date of strategic decision-making in the context of initial play in...
Persistent link: https://www.econbiz.de/10015051641
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We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
Persistent link: https://www.econbiz.de/10014584425
This paper examines the role of spousal trust in intra-household decision making through its potential of inciting the creation of information asymmetries in the presence of resource unobservability. We experimentally elicit spousal trust and trustworthiness by means of a binary trust game to...
Persistent link: https://www.econbiz.de/10012498329
Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs …
Persistent link: https://www.econbiz.de/10010277474
We present experimental evidence which sheds new light on why women may be less competitive than men. Specifically, we observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss, women tend to reduce effort, and the effect is...
Persistent link: https://www.econbiz.de/10010269929
A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a …
Persistent link: https://www.econbiz.de/10010515471
Persistent link: https://www.econbiz.de/10011327716
depletion should increase framing effects. To test this we designed two experiments in which we depleted participants' willpower … susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that … of contexts. In this study, we extend the willpower depletion paradigm to framing effects and argue that willpower …
Persistent link: https://www.econbiz.de/10009793156