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Behavioral economics aspires to replace the agents of neoclassical economics with living, breathing human beings. Here, the author argues that behavioral economics, like its neoclassical counterpart, often neglects the role of active sense-making that motivates and guides much human behavior....
Persistent link: https://www.econbiz.de/10012130847
Behavioral economics characterizes decision-makers using psychologically-informed models. Cognitive science produces psychologically-informed models. Why don't these disciplines talk more? Here, the author presents several arguments for why cognitive science should inform behavioral economics -...
Persistent link: https://www.econbiz.de/10011976074
the implementation of high-quality defaults. Based on a laboratory experiment featuring a dual-task paradigm, we …
Persistent link: https://www.econbiz.de/10014517962
experiences? We report on a field experiment designed to address this question. Incumbent clients of a lender in South Africa were …
Persistent link: https://www.econbiz.de/10011612044
of advertising content as it compares in magnitude to the effect of price. We analyze a direct mail field experiment in …
Persistent link: https://www.econbiz.de/10014211033
It is a common approach to explain choice option attractiveness by beliefs about the choice option. The means-end chain model is used to distinguish between various types of beliefs, depending on whether the belief links the choice option to attributes, consequences, or values related to the...
Persistent link: https://www.econbiz.de/10014026011
A field experiment verifies a theory of bounded rationality as deliberation costs that can explain findings from … experiment that sold soap in rural Indian villages. The experiment interacted assignment to different subsidized prices with a … treatment that eliminated marginal deliberation costs. The results suggest implications of bounded rationality for theory and …
Persistent link: https://www.econbiz.de/10013157398
“Top 5” economics journals. Second, a field experiment at four different open access medical journals elicits authors’ self …
Persistent link: https://www.econbiz.de/10012500292
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