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We examine framing effects in nudging honesty, in the spirit of the growing norm-nudge literature, by utilizing a high-powered and pre-registered study. Across four treatments, participants received one random truthful norm-nudge that emphasized ‘moral suasion’ based on either what other...
Persistent link: https://www.econbiz.de/10012194329
We examine framing effects in nudging honesty in the spirit of the growing norm-nudge literature by utilizing a high-powered and pre-registered study. Across four treatments, participants received one random truthful norm-nudge that emphasized 'moral suasion' based on either what other...
Persistent link: https://www.econbiz.de/10012131678
This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is argued that there are good reasons for more theoretical...
Persistent link: https://www.econbiz.de/10010860430
We examine framing effects in nudging honesty, in the spirit of the growing norm-nudge literature, by utilizing a high-powered and pre-registered study. Across four treatments, participants received one random truthful norm-nudge that emphasized `moral suasion' based on either what other...
Persistent link: https://www.econbiz.de/10012848682
This paper produces an edited version of an interview conducted by Professor Eric Beinhocker, Executive Director, INET Oxford, with Professor Sanjit Dhami of the University of Leicester, author of the Foundations of Behavioral Economic Analysis (Dhami 2016), on 9th May 2019 at the University of...
Persistent link: https://www.econbiz.de/10012862797
In this paper we critically review the literature on rational choice theory (RCT) and the critical approaches to it. We will present a concise description of the theory as defended by Gary Becker, Richard Posner and James Coleman (as well as others) at the University of Chicago from the...
Persistent link: https://www.econbiz.de/10014190167
Consistency, a natural weakening of transitivity introduced in a seminal contribution by Suzumura (1976b), has turned … is shown that the conclusion of the welfarism theorem remains true if transitivity is replaced by consistency and that an … impossibility result in variable-population social-choice theory turns into a possibility if transitivity is weakened to consistency. …
Persistent link: https://www.econbiz.de/10005353184
Consistency, a natural weakening of transitivity introduced in a seminal contribution by Suzumura (1976b), has turned … is shown that the conclusion of the welfarism theorem remains true if transitivity is replaced by consistency and that an … impossibility result in variable-population social-choice theory turns into a possibility if transitivity is weakened to consistency. …
Persistent link: https://www.econbiz.de/10008617081
For non-economists, it is often difficult to understand why economists place so much emphasis on the self-interest motive. It is obvious that people act out of a variety of motives - gratitude, anger, social obligation and many, many other motives. There are several reasons why economists still...
Persistent link: https://www.econbiz.de/10012425266
Interacting agents in finance represent a behavioral, agent-based approach in which financial markets are viewed as complex adaptive systems consisting of many boundedly rational agents interacting through simple heterogeneous investment strategies, constantly adapting their behavior in response...
Persistent link: https://www.econbiz.de/10011348701