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Social and private learning with endogenous decision timing

Jamison, Julian; Owens, David; Woroch, Glenn A. - 2009

Firms often face choices about when to upgrade and what to upgrade to. We discuss this in the context of upgrading to a new technology (for example, a new computer system), but it applies equally to the upgrading of processes (for example, a new organizational structure) or to individual choices...

Persistent link: https://www.econbiz.de/10003882877

Imperfect recall and time inconsistencies : an experimental test of the absentminded driver “paradox”

Levati, M. Vittoria; Uhl, Matthias; Zultan, Ro'i - 2010

Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...

Persistent link: https://www.econbiz.de/10003980493

Can we manage first impressions in cooperation problems? : an experimental study on "Broken (and Fixed) Windows"

Engel, Christoph; Kube, Sebastian; Kurschilgen, Michael - 2011

Cooperation problems are at the heart of many everyday situations. In this paper, we propose a very simple and light-handed mechanism to sustain cooperation and test its performance in a rich laboratory environment. The mechanism moderates cooperation by controlling experiences, more...

Persistent link: https://www.econbiz.de/10009007141

An eye-tracking study of feature-based choice in one-shot games

Devetag, Giovanna; Di Guida, Sibilla; Polonio, Luca - 2013

attention only to specific cells. Our results suggest that subjects apply boundedly rational decision heuristics that involve …

Persistent link: https://www.econbiz.de/10009709528

The effect of communication channels on promise-making and promise-keeping

Conrads, Julian; Reggiani, Tommaso - 2014

This paper investigates the effect of different communication channels on promise-making and promise-keeping in a helping situation. Four treatments differ with respect to the communication channel employed to solicit unincentivized cooperation, i.e., face-to-face, phone call and two different...

Persistent link: https://www.econbiz.de/10010414338

Lies and Reciprocity in Economic and Social Interactions

Sasaki, Shunichiro - 2020

We study experimentally how (un)selfish lies are reciprocated – or not – in subsequent economic interactions in the labor market. We find that while selfish lies are punished (negative reciprocity), prosocial and altruistic lies are neither punished nor rewarded (lack of positive...

Persistent link: https://www.econbiz.de/10012836192

Asymmetric Naivete : Beliefs About Self-Control

Fedyk, Anastassia - 2018

Do individuals anticipate present bias in others? This paper jointly investigates beliefs about one's own and others …' present bias. In an online experiment, participants engaged in a real-effort task display little awareness of their own … present bias, but anticipate present bias in others. Structurally, I estimate a present bias parameter β of 0.82. Participants …

Persistent link: https://www.econbiz.de/10012936520

A Theory of False Memory Preference : Evidence from a Field Experiment with Investors

Li, King King - 2020

We propose a theory of memory recall bias that is different from Bénabou and Tirole (2002). In our framework …

Persistent link: https://www.econbiz.de/10012824062

Limited self-knowledge and survey response behavior

Falk, Armin; Neuber, Thomas; Strack, Philipp - 2021

We study response behavior in surveys and show how the explanatory power of self-reports can be improved. First, we develop a choice model of survey response behavior under the assumption that the respondent has imperfect self-knowledge about her individual characteristics. In panel data, the...

Persistent link: https://www.econbiz.de/10012588630

Motivated False Memory

Chew, Soo Hong; Huang, Wei; Zhao, Xiaojian - 2021

present bias, but this is not the case for positive amnesia. In an intra-person, multiple-self model, we demonstrate that …

Persistent link: https://www.econbiz.de/10013216068