Vertrauen bildet das Fundament stabiler Gesellschaften und ist essenziell für das reibungslose Funktionieren von Demokratien, Wirtschaftssystemen und sozialen Strukturen. Doch in Zeiten multipler Krisen - von wirtschaftlicher Unsicherheit über politische Polarisierung bis hin zu den...

Das Handwerk befindet sich in einem tiefgreifenden Prozess der digitalen Transformation, der sowohl Leistungsangebote als auch Marktstrukturen nachhaltig verändert. Diese Entwicklungen erzeugen einen erheblichen Forschungsbedarf für ein "Handwerk der Zukunft". Die vorliegende Studie beschreibt...

Social preferences depend on emotional states like compassion and anger. Since emotions are fleeting and subject to manipulation, they may generate demand for commitment. We investigate the use of commitment strategies in an online experiment (n = 1, 400), where subjects decide to watch or avoid...

We explore the role of memory for choice behavior in unfamiliar environments. Using a unique data set, we document that decision makers exhibit a "memory premium." They tend to choose in-memory alternatives over out-of-memory ones, even when the latter are objectively better. Consistent with...

This paper examines the link between dynamically inconsistent time preferences and individual food waste behavior. Food waste is conceptualized as unintentional outcome of choices along the food consumption chain. Capitalizing on a nationally representative longitudinal survey from Germany, we...

Using an online experiment with 5,762 US participants, we investigate whether individuals who seek competition face inaccurate perceptions of their behaviors and personality and whether women are held to different standards than men. We find that evaluators perceive competitive women as less...

We study response behavior in surveys and propose a method to identify and improve the informativeness of survey evidence. First, we develop a choice model of survey response behavior under the assumption that responses imperfectly reveal respondents' characteristics due to limited...

Behavioral risk management is an increasingly important consideration in investment strategies, as research has shown that investor psychology can significantly impact portfolio performance. This study examines how psychological variables influence investing choices and the effects that these...

Homo economicus has justly been identified as the universal bogeyman of economics. Economic man, having been showered with criticism for a century and a half, continues to occupy critics to this day. Plenty of economists in the previous century have proclaimed the death of homo economicus and...

Libertarian paternalism is "the set of interventions aimed at overcoming the unavoidable cognitive biases and decisional inadequacies of an individual by exploiting them in such a way as to influence her decisions (in an easily reversible manner) towards choices that she herself would make if...

This study examines the impact of macroeconomic and ESG (Environmental, Social, and Governance) factors on meat consumption in EU countries through a behavioral economics framework. Using panel data from 27 EU countries (2000-2021), the analysis applies Fixed Effects (FE), Random Effects (RE),...

This study examines how overconfidence shapes individuals' preference for redistribution. We contend that overconfidence inflates individuals' income expectations, which reduces the perceived benefits of redistribution for these individuals and thereby weakens their preference for such policies....

Tax evasion is associated with high social and fiscal costs. To address these, many governments employ behavioral interventions given their low implementation costs and high potential efficiency. Although many studies report positive effects of behavioral interventions to combat tax evasion, the...

This study explores the relationship between the daily habits of S&P 500 CEOs and their financial remuneration. Using a mixed-method approach, the research analyzes time allocation across work, sleep, and exercise among 22 CEOs from leading publicly listed U.S. corporations. Regression analysis...

Standard economic theory assumes that consumers ignore the externalities they create, such as emissions from burning fossil fuels and generating waste. In an incentivized study (N = 3, 718), we find that most people forgo substantial gains to avoid imposing negative externalities on others....

Design elements intended to influence the behavior of users are ubiquitous in smartphone apps. To date, there is no systematic framework that comprises the most common elements and their potential effects and risks to enable the analysis of behavioral design in smartphone apps. Building upon...

Purpose The purpose of this study is to investigate the impact of behavioral biases on investment decisions through a serial mediation of overconfidence and disposition effects. Design/methodology/approach The authors assess the behavioral biases affecting the investment decisions of life...

This paper examines paternalistic preferences in large-scale experiments in the U.S. Participants decide whether to intervene to prevent a stakeholder, mistaken about their options, to make a choice that is misaligned with their preferences. We find that the willingness to intervene strongly...

The study addresses the recovery from service failures in online banking. It focuses on the three dimensions of perceived recovery justice - namely, distributive justice (DJ), procedural justice (PJ), and interactional justice (IJ) - and investigates their impact on post-recovery satisfaction...

Vertrauen bildet das Fundament stabiler Gesellschaften und ist essenziell für das reibungslose Funktionieren von Demokratien, Wirtschaftssystemen und sozialen Strukturen. Doch in Zeiten multipler Krisen - von wirtschaftlicher Unsicherheit über politische Polarisierung bis hin zu den...

This study investigates the intricate relationship between cognitive sociology and sustainable eating practices, specifically focusing on organic food purchase behaviours. We aim to uncover the complex social drivers influencing these behaviours by bridging social practice theory with...

Investors appear to regularly fail to make adequate investment decisions in the context of financial provision because of both economic and psychological irrationality. However, despite an economic urgency to make appropriate investment decisions for a secure financial future, people tend to...

This study investigates how the presence, and subsequent repeal, of a tax incentive for a prosocial behavior influences fairness perceptions and tax compliance for those who are and are not eligible for the incentive. Results of a multi-round experiment with 309 U.S. taxpayers show that...

Objective:To assess public support of selected nations with regard to various types of nudges introduced by behavioural public policy and the level of trust these nations have in their governments as the creators of these policies.Research Design & Methods: The article is based on literature...

Accepting a certain degree of investment loss risk is essential for long-term portfolio management. However, overconfidence bias within financial literacy can prompt excessively risky behavior and amplify susceptibility to other cognitive biases. These tendencies can undermine investment loss...

As climate change and inequality spur interest in sustainable lifestyles, insufficient attention focuses on the social dimension encompassing equity and wellbeing-oriented conduct. Limited measurements capture facets like frugality, sufficiency, and altruism, obscuring motivational nuances....

Das Handwerk befindet sich in einem tiefgreifenden Prozess der digitalen Transformation, der sowohl Leistungsangebote als auch Marktstrukturen nachhaltig verändert. Diese Entwicklungen erzeugen einen erheblichen Forschungsbedarf für ein "Handwerk der Zukunft". Die vorliegende Studie beschreibt...