Showing 1 - 10 of 730,075
in the shadow of the law, the selection of suits for litigation, and the investigation of jury and judge behavior. Our … scholarship, the core ingredients of a well done experiment, and common distinctions between experimental economics and other …
Persistent link: https://www.econbiz.de/10005227969
Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
Persistent link: https://www.econbiz.de/10012308290
, such as decision under Knightian uncertainty, the dynamics of economic (in)stability, and the voters’ preferences over …
Persistent link: https://www.econbiz.de/10012130847
Behavioral economics characterizes decision-makers using psychologically-informed models. Cognitive science produces … human nature, pays equal attention to cognition's successes and failures, embraces multidisciplinary insights, and avoids …
Persistent link: https://www.econbiz.de/10011976074
that the participants receive before they make their decision. We find that when participants receive cues signaling that … the decision has an economic context, both economics and non-economics students tend to maximize profits. When the … participants receive cues emphasizing social norms, on the other hand, both economics and non-economics students are less likely to …
Persistent link: https://www.econbiz.de/10014531967
theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a …If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
Persistent link: https://www.econbiz.de/10011990913
Public choice theory has originally been motivated by the need to correct the asymmetry, widespread in traditional …
Persistent link: https://www.econbiz.de/10010238281
Cognitive dissonance is one of the most influential theories in psychology, and its oldest experiential realization is choice-induced dissonance. In contrast to the economic approach of assuming a person's choices reveal their preferences, psychologists have claimed since 1956 that people alter...
Persistent link: https://www.econbiz.de/10014047387
In three distinct disciplines, crime and punishment are studied experimentally: in empirical legal studies, in experimental economics, and an experimental criminology. These three disciplines have surprisingly little interaction. The current paper surveys the rich evidence, and discusses the...
Persistent link: https://www.econbiz.de/10011455955
Explaining individual behavior in politics should rely on the same motivational assumptions as explaining behavior in the market: That’s what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, those who...
Persistent link: https://www.econbiz.de/10010412852