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This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …
Persistent link: https://www.econbiz.de/10011084048
for consistent decision-making. …
Persistent link: https://www.econbiz.de/10011186610
points. The implications of this model are tested in an experiment in which participants have to make a consumption choice …
Persistent link: https://www.econbiz.de/10011084678
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10005791668
strength. We then present three experiments that study main predictions and implications of the model. The first is a simple … principal-agent experiment that shows that consistency is valued by others and that this value is anticipated. The second … experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …
Persistent link: https://www.econbiz.de/10009293989
This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment … experiment we record agents' heart rate variability. The latter is an indicator of stress-related impaired cardiac autonomic …
Persistent link: https://www.econbiz.de/10009144731
This paper proposes a model of boundedly rational choice that explains the well known attraction and compromise effects. Choices in our model are interpreted as a cooperative solution to a bargaining problem among an individual’s conflicting dual selves. We axiomatically characterize a unique...
Persistent link: https://www.econbiz.de/10004976794
There is widespread evidence that monetary policy exerts asymmetric effects on output over contractions and expansions in economic activity, while price responses display no sizeable asymmetry. To rationalize these facts we develop a dynamic general equilibrium model where households’ utility...
Persistent link: https://www.econbiz.de/10011084378
perception of what is relevant to their decision problem. They apply well-defined preferences to a “consideration set”, which is …
Persistent link: https://www.econbiz.de/10008528545
benefits, such as education and healthy behavior. By means of a randomized field experiment, we show that simple weekly …
Persistent link: https://www.econbiz.de/10009322502