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We investigate the consistency and stability of individual risk preferences by manipulating cognitive resources. Participants are randomly assigned to an experiment session at a preferred time of day relative to their diurnal preference (circadian matched) or at a non-preferred time (circadian...
Persistent link: https://www.econbiz.de/10010481595
We investigate the consistency and stability of individual risk preferences by manipulating cognitive resources. Participants are randomly assigned to an experiment session at a preferred time of day relative to their diurnal preference (circadian matched) or at a non-preferred time (circadian...
Persistent link: https://www.econbiz.de/10010457826
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
Persistent link: https://www.econbiz.de/10014536896
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
Persistent link: https://www.econbiz.de/10013382078
In this paper we study decision making in situations where the individual's preferences are not assumed to be complete. First, we identify conditions that are necessary and sufficient for choice behavior in general domains to be consistent with maximization of a possibly incomplete preference...
Persistent link: https://www.econbiz.de/10011105585
-week protocol to experimentally induce adverse sleep and circadian states, both of which should reduce deliberative …
Persistent link: https://www.econbiz.de/10011584662
sleep) impacts coordination outcomes. Our data indicate that insufficient sleep increases coordination failure costs, which … suggests that the sleep or, more generally, cognitive composition of a group might determine its ability to escape from a trap … externality of a commonly experienced biological state (insufficient sleep) that has infiltrated many societies. …
Persistent link: https://www.econbiz.de/10012269920
The confirmation bias is a well-known form of motivated reasoning that serves to protect an individual from cognitive discomfort. Hearing rival viewpoints or belief-opposing information creates cognitive dissonance, and so avoiding exposure to, or discounting the validity of, dissonant...
Persistent link: https://www.econbiz.de/10013351967
multi-night sleep manipulation, after which they completed 3 tasks of interest: imperfectly identifiable dishonesty (the … document the validity of the sleep protocol via significantly reduced nightly sleep levels (objectively measured using … validated instrumentation) and significantly higher sleepiness ratings in the sleep-restricted (SR) group compared to the well …
Persistent link: https://www.econbiz.de/10012658116
multi-night sleep manipulation, after which they completed 3 tasks of interest: imperfectly identifiable dishonesty (the … document the validity of the sleep protocol via significantly reduced nightly sleep levels (objectively measured using … validated instrumentation) and significantly higher sleepiness ratings in the sleep-restricted (SR) group compared to the well …
Persistent link: https://www.econbiz.de/10012588918