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Disclosure, Trust and Persuasion in Insurance Markets

de Meza, David - 2010

This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy's value for money (the claims ratio) and the seller's commission. These information disclosures have virtually no effect despite most buyers claiming to value such information....

Persistent link: https://www.econbiz.de/10013139875

Overconfidence in Individual and Group Investment Decisions

Fernandes, Jose L. B. - 2012

This study analyzes group influence on investment decisions in an attempt to determine the correlation between two financial behavior tendencies: overconfidence and herding behavior. An experiment was carried out with 92 students from the Universidade Católica de Brasília. The results...

Persistent link: https://www.econbiz.de/10013105697

Confidence in Knowledge or Confidence in the Ability to Learn : an Experiment on the Causal Effects of Beliefs on Motivation

Fischer, Mira - 2018

confidence in the ability to learn raises incentives, while confidence in the level of human capital lowers incentives for …

Persistent link: https://www.econbiz.de/10012926724

Implications of Trust, Fear, and Reciprocity for Modeling Economic Behavior

Cox, James C. - 2007

This paper reports three experiments with triadic or dyadic designs. The experiments include the moonlighting game in which first-mover actions can elicit positively or negatively reciprocal reactions from second movers. First movers can be motivated by trust in positive reciprocity or fear of...

Persistent link: https://www.econbiz.de/10012730360

Self Confidence Spillovers and Motivated Beliefs

Banerjee, Ritwik - 2019

artefactual field experiment in India, we show that success when competing in a task increases the performers' self-confidence and … competitiveness in the subsequent task. We also find that such spillovers affect the self-confidence of low-status individuals more … than that of high-status individuals. Receiving good news under Affirmative Action, however, boosts confidence across tasks …

Persistent link: https://www.econbiz.de/10012899628

Bounded Rationality, Unbounded Confidence

Ramraika, CFA, Baijnath - 2015

Bounded Rationality refers to the idea that our rationality is limited by the information we have, the cognitive limitations of our minds and the finite amount of time we have to make a decision. However, investment professionals seem to disregard the bounded rationality of our minds and tend to...

Persistent link: https://www.econbiz.de/10013024736

Evaluating Trust and Trustworthiness in Social Groups and Networks

O'Higgins, Niall - 2018

Trust and trustworthiness are important components of social capital and much attention has been devoted to their correct evaluation. In this paper, we argue that individuals' trust and trustworthiness are strongly dependent on the level of trust and trustworthiness of the social group in which...

Persistent link: https://www.econbiz.de/10012920459

The influence of overconfidence and competition neglect on entry into competition

Schüssler, Katharina - 2018

I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and competition neglect, influence decisions to enter competitive environments. I use a controlled laboratory setting that allows to elicit belief distributions related to absolute as well as relative...

Persistent link: https://www.econbiz.de/10011900069

How Much Should We Trust the World Values Survey Trust Question?

Johnson, Noel D.; Mislin, Alexandra - 2012

We use a unique data set of trust game replications in order to validate the commonly used “trust” question from the World Values Survey. We find that trust as measured by the World Values Survey is positively correlated with experimentally measured trust and unrelated to experimentally...

Persistent link: https://www.econbiz.de/10014177043

Embedded Trust : An Experiment on Learning and Control Effects

Buskens, Vincent; Raub, Werner; van der Veer, Joris - 2009

The paper discusses a laboratory experiment in which pairs of trustors play finitely repeated Trust Games with the same trustee. We study trustfulness of the trustors as well as trustworthiness of the trustee. We distinguish between learning and control effects on trustfulness and...

Persistent link: https://www.econbiz.de/10014202419