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representation that captures key behavioral traits of willpower constrained decision making. We use the model to study the pricing …
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We use natural experiments plausibly exogenous, anticipated increases in the piece rate to study how effort responds to incentives. Our first finding, like some previous studies, lends little support to the view that incentives increase effort: raising the piece rate has zero effect on total...
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risk, medical decision theory predicts lower treatment thresholds for risk-averse than for risk-neutral decision makers …We study risk-aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the … frequency and intensity of second- and third-order risk preferences, as well as the effect of the medical decision context. Risk …
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I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …
Persistent link: https://www.econbiz.de/10010364762
In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right … likelihood of receiving her preferred task if she rather than another participant makes the decision. Participants pay more to …
Persistent link: https://www.econbiz.de/10010347041