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policies that encourage active decision-making. In an experiment designed to study passive behavior, we document three main … results. First, we demonstrate that scarcity of cognitive resources leads to passive behavior. Second, policies that encourage … active choice succeed in reducing passivity and improve decisions in the targeted domain. Third, however, these benefits of …
Persistent link: https://www.econbiz.de/10012059067
policies that encourage active decision-making. In an experiment designed to study passive behavior, we document three main … results. First, we demonstrate that scarcity of cognitive resources leads to passive behavior. Second, policies that encourage … active choice succeed in reducing passivity and improve decisions in the targeted domain. Third, however, these benefits of …
Persistent link: https://www.econbiz.de/10012870144
the implementation of high-quality defaults. Based on a laboratory experiment featuring a dual-task paradigm, we …
Persistent link: https://www.econbiz.de/10014517962
Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on … different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while …
Persistent link: https://www.econbiz.de/10012851581
decide based on worse information and are more likely to regret their decision ex post. The learning-based selection effect …
Persistent link: https://www.econbiz.de/10012052276
psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …
Persistent link: https://www.econbiz.de/10012299784
Nudges are popular instruments in the toolbox of policymakers. Yet, empirical evidence suggests some of these interventions can influence decisions which were not initially targeted, raising the risk to undermine their effectiveness. To analyse such spillover effects, I develop micro-foundations...
Persistent link: https://www.econbiz.de/10013246178
important to study their significance. We report results from a laboratory experiment exploring the subsequent behavioral …
Persistent link: https://www.econbiz.de/10012902082
of nudges, which is to improve decision outcomes for the individual, pro-social nudges aim to improve the social outcomes … more susceptible to the influence of this type of nudges. We report evidence from a laboratory public goods experiment …
Persistent link: https://www.econbiz.de/10012866981
subsequent charitable giving. To do so we conduct a two-period artefactual field experiment to study repeated donation decisions … to the donation decision. Most importantly, we find that the spillover effects depend on how the initial pro …-social decision …
Persistent link: https://www.econbiz.de/10013246479