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Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utilityconsequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011523747
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011528156
sophistication. In a two-part experiment, we first run a battery of tests to assess the subjects' cognitive sophistication and …
Persistent link: https://www.econbiz.de/10010477154
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …
Persistent link: https://www.econbiz.de/10013083213
We report the results of a combination of a dictator experiment with either a "social planner" or a "veil of ignorance …" experiment. The experimental design and the analysis of the data are based on the theoretical framework proposed in the companion … Agreement and Symmetry axioms proposed in BHH; we find that for 80% of participants the evidence is very strong. The experiment …
Persistent link: https://www.econbiz.de/10013073251
for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able to …
Persistent link: https://www.econbiz.de/10013073663
We describe a first experiment on whether product complexity affects competition and consumers in retail markets. We …
Persistent link: https://www.econbiz.de/10012722497
controlled laboratory experiment. We provide evidence that the default contract rule lowers the decision quality compared to the …
Persistent link: https://www.econbiz.de/10012827006
Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable …
Persistent link: https://www.econbiz.de/10012979444
There is significant variation in the percentage of adults registered as organ donors across the United States. Some of this variation may be due to characteristics of the sign-up process, in particular the form that is used when state residents renew or apply for their driver's licenses....
Persistent link: https://www.econbiz.de/10013010777