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-interested behavior in experimental normal-form games. Drawing on the concept of sympathy developed by Adam Smith and further literature … on perspective-taking in games, we hypothesize that introduction of imagine-self perspective-taking by decision …
Persistent link: https://www.econbiz.de/10012914234
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014531967
This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and...
Persistent link: https://www.econbiz.de/10011809698
How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality … rationality, with particular emphasis on growing formalization of those departures, which add necessary precision. We also explore … the relationship between bounded rationality and libertarian paternalism, or nudges, and show that some recent objections …
Persistent link: https://www.econbiz.de/10011926917
In economic theory, an agent chooses from available alternatives-modeled as a set. In decisions in the field or in the lab, however, agents do not have access to the set of alternatives at once. Instead, alternatives are represented by the outside world in a structured way. Online search results...
Persistent link: https://www.econbiz.de/10012698098
Persistent link: https://www.econbiz.de/10003387654
experiment, we use a within- and across-subject design to identify the impact of brief, randomly-assigned economics lessons on … behavior in games often used to measure selfishness: the ultimatum game (UG), dictator game (DG), prisoner's dilemma (PD), and … considerations moves behavior toward traditional economic rationality in UG, PD, and DG. Despite entering the study with higher …
Persistent link: https://www.econbiz.de/10011528153
Understanding the roles of emotion and cognition in forming preferences is critical in helping firms choose effective marketing strategies and consumers make appropriate consumption decisions. In this work, we investigate the role of the emotional and cognitive systems in preference consistency...
Persistent link: https://www.econbiz.de/10014026835
Persistent link: https://www.econbiz.de/10014529016
.g., Dictator Game and Prisoner’s Dilemma). Here I develop a theoretical model and an experiment designed to pit social preferences …
Persistent link: https://www.econbiz.de/10014114958