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behavior is robust to the framing and other people's beliefs about income shocks. Given that actual decisions are significantly …This paper uses a laboratory experiment to analyze the impact of different types of information on consumption and … subjects receive about the likelihood of income shocks, whether subjects are informed about other people's beliefs about these …
Persistent link: https://www.econbiz.de/10010598403
labeling of strategies. Usually these studies cannot tell whether frames affect preferences or beliefs. In this Dictator game … study, we investigate whether social framing effects are also present when only one of the subjects makes a decision, in … which case the frame may only affect preferences. We find that behavior is insensitive to social framing. …
Persistent link: https://www.econbiz.de/10010286337
-response correspondence framework, this result can be explained by a change in either risk preferences or beliefs. We find that self …-reporting risk preferences does not induce a change in subjects' beliefs. We argue that the behavioral arguments of strategy … selection, such as focal points, framing and uncertain preferences can explain our results. …
Persistent link: https://www.econbiz.de/10010612998
elicitation plays in the experiment affects both the contribution behavior and beliefs, and (2) framing influences stated beliefs …We analyze first-order beliefs in a variation of the Public Good Game. We show that (1) the role that belief … initial beliefs, and provide an empirical model of the belief up-dating process. Subjects use the past experience, stressing …
Persistent link: https://www.econbiz.de/10005572324
therefore faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals … answer the question whether framing individual decision making as organizational decision making or implementing an …
Persistent link: https://www.econbiz.de/10010294406
Gneezy, List and Wu [Q. J. Econ. 121 (2006) 1283-1309] document that lotteries are often valued less than the lotteries' worst outcomes. We show how to undo this result.
Persistent link: https://www.econbiz.de/10010276435
We replicate three pricing tasks of Gneezy, List and Wu (2006) for which they document the so called uncertainty effect, namely that people value a binary lottery over non-monetary outcomes less than other people value the lottery's worse outcome. Unlike the authors who implement a verbal...
Persistent link: https://www.econbiz.de/10010276455
Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs …-shot public good games we show that frames affect subject's first- and second-order beliefs, and contributions. From a … contributions are related to second- and first-order beliefs, respectively. Our results are consistent with either. …
Persistent link: https://www.econbiz.de/10010277474
main approach relies on framing: Call individuals 'firms'! This experimental approach is not in line with modern industrial … Stackelberg experiment is considered in order to answer the question whether framing individual decision making as firm decision …
Persistent link: https://www.econbiz.de/10010312013
Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs …-shot public good games we show that frames affect subject’s first- and second-order beliefs, and contributions. From a … contributions are related to second- and first-order beliefs, respectively. Our results are consistent with either. …
Persistent link: https://www.econbiz.de/10010293368