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We study how individuals’ willingness to delegate choice is affected by heterogeneity in identity between the delegee and the delegate. While it is straightforward that such heterogeneity can affect delegation for instrumental reasons, we show experimentally that divergent identity also causes...
Persistent link: https://www.econbiz.de/10015051753
We examine subsidies for health care when consumers have present-biased preferences, which lead them to underestimate the effect of today s consumption on future health. We compare immediate subsidies paid for health-conscious consumption and future subsidies rewarding a good health outcome. We...
Persistent link: https://www.econbiz.de/10010338397
of unknown goods will find it optimal at some point to become variety averse. To test this hypothesis, an experiment is … rationality ; decision making ; laboratory experiment. …
Persistent link: https://www.econbiz.de/10008991845
have a salient market price or no market price outside of the experiment. …
Persistent link: https://www.econbiz.de/10010407309
Recent health policy reforms try to increase consumer choice. We use a laboratory experiment to analyze consumers …
Persistent link: https://www.econbiz.de/10010461931
the experiment proper we observe incentivized choices of four types: what menus (must eat burger; must eat turkey; your …
Persistent link: https://www.econbiz.de/10012963679
A continuing goal of experiments is to understand risky decisions when the decisions are important. Often a decision's importance relates to the magnitude of the associated monetary stake. Khaneman and Tversky (1979) argue that risky decisions in high stakes environments can be informed using...
Persistent link: https://www.econbiz.de/10013159348
Recommender systems are becoming a salient part of many e-commerce websites. Much research has focused on advancing recommendation technologies to improve accuracy of predictions, while behavioral aspects of using recommender systems are often overlooked. In our studies, we explore how consumer...
Persistent link: https://www.econbiz.de/10013063621
controlled laboratory experiment. Participants make consecutive insurance choices based on choice sets that vary in composition …
Persistent link: https://www.econbiz.de/10014356517
data from a controlled laboratory experiment. Within the experiment, participants make consecutive insurance choices based …
Persistent link: https://www.econbiz.de/10014305687