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Beliefs and Utility : Experimental Evidence on Preferences for Information

Falk, Armin - 2016

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/10012981291

If the Large WTA-WTP Gap for Public Goods is Real (And There are Good Reasons to Think So) Conventional Welfare Measures are Simply Incorrect

Graves, Philip E. - 2014

A robust finding in economics is that decision-makers often exhibit a much smaller dollar willingness to pay (WTP) for an item than the minimum amount that they claim to be willing to accept (WTA) to part with it. The spread between these two numbers is particularly large for public goods,...

Persistent link: https://www.econbiz.de/10014206181

Are Groups Better Planners than Individuals? An Experimental Analysis

Carbone, Enrica; Infante, Gerardo - 2016

they solve this class of problems and in how they react to changes in the decision environment. We present an experiment …

Persistent link: https://www.econbiz.de/10014162811

Dynamic Inconsistency in Food Choice : Experimental Evidence from a Food Desert

Sadoff, Sally; Samek, Anya; Sprenger, Charles - 2015

investigating the question in a natural context. To address this gap, we conduct a natural field experiment with over 200 customers … observe substantial dynamic inconsistency in our experiment, as well as a demand for commitment among a non-negligible number …

Persistent link: https://www.econbiz.de/10014137593

Full-Scale Real Tests of Consumer Behavior Using Experimental Data

Mattei, Aurelio - 2001

This paper reports on the results of three experiments based on the neoclassical theory of consumer behavior. All these experiments were carried out with the aim of simulating real-world behavior. Nonparametric tests, applying the theory of revealed preference, show that a significant number of...

Persistent link: https://www.econbiz.de/10014141207

Estimating Coherency between Survey Data and Incentivized Experimental Data

Belzil, Christian; Pernaudet, Julie; Poinas, François - 2022

distribution using a highly incentivized field experiment in which the same set of individuals participated. In the experimental … weight to a specific set of determinants in the experiment and in the survey and that the valuations of financial aid are … rank incoherent. About 66% of Biased Incoherency (defined as the tendency to have a higher valuation rank in the experiment …

Persistent link: https://www.econbiz.de/10013297135

Choice, deferral, and consistency

Costa‐Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1297-1318

We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...

Persistent link: https://www.econbiz.de/10013382078

Signaling ideology through consumption

Schneider, Florian - 2022 - Revised version, July 2022

Firms often discourage certain categories of individuals from buying their products, seemingly at odds with typical assumptions about profit maximization. This paper provides a potential rationale for such firm behavior: Consumers seek to signal that they have "desirable" ideological values to...

Persistent link: https://www.econbiz.de/10013277047

Do Investors Rely on Robots? Evidence from an Experimental Study

Alemanni, Barbara; Angelovski, Andrej; di Cagno, … - 2020

hoc developed laboratory experiment run in the Cesare Lab of LUISS University with a sample of 180 students. Students were …

Persistent link: https://www.econbiz.de/10014361899

Freedom of Choice, Ease of Use, and the Formation of Interface Preferences

Murray, Kyle B.; Häubl, Gerald - 2013

experiment involving consequential interface choices. We find strong support for the second perspective, which builds upon the …

Persistent link: https://www.econbiz.de/10014044592