Showing 1 - 10 of 1,407
This paper presents some of the first large-scale survey evidence linking optimism to major economic choices. We create a novel measure of optimism using the Survey of Consumer Finance by comparing a person's self-reported life expectancy to that implied by statistical tables. Optimists are more...
Persistent link: https://www.econbiz.de/10012467322
revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in …
Persistent link: https://www.econbiz.de/10012458484
no action at a decision point. Consumers may face automatic renewal, automatic switching, or non-purchase defaults …
Persistent link: https://www.econbiz.de/10012458537
allocations is not rejected in models that allow more than two household members to have agency in decision-making. In contrast … decision-making within complex households …
Persistent link: https://www.econbiz.de/10012480455
We document that prior portfolio choices influence investors' expectations about asset values, and their future choices. We find that people update more from information consistent with their prior choices, leading to sticky portfolios over time. These effects are related to how the brain's...
Persistent link: https://www.econbiz.de/10012455243
We examine how 17 behavioral biases relate to each other, to other decision inputs, and to decision outputs. Most … personality traits--with some expected exceptions. Accounting for this correlation structure, we reduce our 29 decision inputs to … this taxonomy for various approaches to modeling influences of behavioral biases on decision making …
Persistent link: https://www.econbiz.de/10012482357
investigate the behavior of judges, the conduct of whom should, by law, be free of personal biases and emotions. We find that … auxiliary analyses demonstrate the robustness of the findings. These results provide evidence for the impact of emotions in one …
Persistent link: https://www.econbiz.de/10012456068
-scale randomized field experiment in which research subjects having difficulty making a decision flipped a coin to help determine their …
Persistent link: https://www.econbiz.de/10012456190
. In our experiment, subjects participate in a trust game, after which they have an opportunity to state their beliefs …
Persistent link: https://www.econbiz.de/10012458016
in California and show it decreased registration rates. Similarly, a "field in the lab" experiment run on actual organ …
Persistent link: https://www.econbiz.de/10012458288