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The paper studies information processing imperfections in a fully rational decision-making network. It is shown that imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information overload. The paper analyses the mechanisms responsible...
Persistent link: https://www.econbiz.de/10011335195
We tested the influence of time pressure and to what extent time pressure interacts with the contextual factors … uncertainty. Our findings indicate that under time pressure, individuals acquire less information. Moreover, while we found no … effect of time pressure with a negative payoff scheme, higher levels of information costs suppress the willingness to acquire …
Persistent link: https://www.econbiz.de/10012487808
Persistent link: https://www.econbiz.de/10012063265
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their bets farther away from the game day. The better performance of early bettors holds controlling for (time …
Persistent link: https://www.econbiz.de/10012508687
Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time … pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure …. In the context of risky decisions, we ask whether a person's performance under time pressure can be predicted by …
Persistent link: https://www.econbiz.de/10011899690
Time is a crucial determinant of deception, since some misreporting opportunities come as a surprise and require an … intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … subject must be aware of the misreporting opportunity. This paper provides experimental evidence on the role of the time …
Persistent link: https://www.econbiz.de/10011723505
Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time … pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure …. In the context of risky decisions, we ask whether a person’s performance under time pressure can be predicted by …
Persistent link: https://www.econbiz.de/10011813016
) easiness to grasp the opportunity to lie, and 2) the amount of time available to decide. In an incentivized online experiment … of a dice-roll with and without time pressure. We find evidence that ego depletion increases the fraction of truth …-tellers under time pressure. Our findings suggest that when discovering the opportunities to lie is not trivial and people are …
Persistent link: https://www.econbiz.de/10012062178
Many professional and educational settings require individuals to be willing and able to perform under time pressure …. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the … minimum additional payment participants require to complete a cognitive task under various levels of time pressure versus …
Persistent link: https://www.econbiz.de/10013375209