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those preferences. In this paper, we present a simple and abstract experiment to elicit paternalistic preferences and also …
Persistent link: https://www.econbiz.de/10014486989
experiment where we incentivize choice, vary the difference in utility between options and track which option participants …
Persistent link: https://www.econbiz.de/10012135537
Empirical evidence suggests that choices are affected by the amount of time available to the decision maker. Time … bargain to decide: the longer is the decision process, the higher is the bargaining power of the slow self when deciding. A …
Persistent link: https://www.econbiz.de/10011703384
presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from …
Persistent link: https://www.econbiz.de/10011704862
We derive revealed preference tests for models where individuals use consideration sets to simplify their consumption problem. Our basic test provides necessary and sufficient conditions for consistency of observed choices with the existence of consideration set restrictions. The same conditions...
Persistent link: https://www.econbiz.de/10013045726
The theory of revealed preferences offers an elegant way to test the neoclassical model of utility maximization subject to a linear budget constraint. In many settings, however, the set of available consumption bundles does not take the form of a linear budget set. In this paper, we adjust the...
Persistent link: https://www.econbiz.de/10014158237
We report results from a laboratory experiment that explores the effects of preference communication and leader … selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group … leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …
Persistent link: https://www.econbiz.de/10010222348
decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we … processing in complex decision making. …
Persistent link: https://www.econbiz.de/10011580853
by 8 - 15% compared to only offering a pay-per-use contract. -- access services ; pricing contracts ; decision biases … ; experiment …
Persistent link: https://www.econbiz.de/10009489036
revealed preference experiment, and without making any parametric assumptions, we show that 1/3 of participants belong in the …
Persistent link: https://www.econbiz.de/10010430733