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Do choices affect preferences? Some doubts and new evidence

Holden, Steinar - 2009

Recent research is exploring the case for choice-induced changes in preferences using the free-choice paradigm of Brehm … (1956). Participants are faced with a choice between items that they have given the same rating of liking, two items at a … time, and it is found that an item not chosen in one choice has a lower tendency of being chosen in a subsequent choice …

Persistent link: https://www.econbiz.de/10010265988

Beyond Non-Satiation: Needs and Requirements

Pettini, Anna - 2014

The hypothesis of non-satiation of rational choice theory is very seldom posed under scrutiny, maybe because it is …

Persistent link: https://www.econbiz.de/10010480814

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin; Szech, Nora - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...

Persistent link: https://www.econbiz.de/10010317014

Preferences for redistribution and pensions: What can we learn from experiments?

Tausch, Franziska; Potters, Jan; Riedl, Arno - 2010

Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most people have a preference for redistribution that is not merely inspired by self-interest. Interestingly, little is known on how these preferences interact with preferences for...

Persistent link: https://www.econbiz.de/10010270867

Of Morals, Markets and Mice: A Comment on Falk and Szech

Breyer, Friedrich; Weimann, Joachim - 2014

A recent experimental study by Falk and Szech (Science, 2013) concludes that „markets erode moral values”. If this were true, economists, who have emphasized the efficiency enhancing effects of markets for centuries, would have to reconsider their judgments fundamentally. This would be no...

Persistent link: https://www.econbiz.de/10010352354

Flipping a Coin: Theory and Evidence

Dwenger, Nadja; Kübler, Dorothea; Weizsäcker, Georg - 2014

, which contradicts most theories of choice such as expected utility but is consistent with a theory of responsibility … aversion that implies a preference for randomness. A large data set on university applications in Germany shows a choice …

Persistent link: https://www.econbiz.de/10010352389

Error Prone Inference from Response Time: The Case of Intuitive Generosity

Recalde, Maria P.; Riedl, Arno; Vesterlund, Lise - 2014

Response time is increasingly used to shed light on the process by which individuals make decisions. As mistakes may be correlated with response time it could, however, be misleading to use this measure to draw inference on preferences. To demonstrate we build on a recent literature, which uses...

Persistent link: https://www.econbiz.de/10010420722

Estimating Individual Ambiguity Aversion: A Simple Approach

Gneezy, Uri; Imas, Alex; List, John A. - 2015

We introduce a simple, easy to implement instrument for jointly eliciting risk and ambiguity attitudes. Using this instrument, we structurally estimate a two-parameter model of preferences. Our findings indicate that ambiguity aversion is significantly overstated when risk neutrality is assumed....

Persistent link: https://www.econbiz.de/10010500387

Do Preferences and Biases Predict Life Outcomes? Evidence from Education and Labor Market Entry Decisions

Backes-Gellner, Uschi; Herz, Holger; Kosfeld, Michael; … - 2018

Evidence suggests that acquiring human capital is related to better life outcomes, yet young peoples’ decisions to invest in or stop acquiring human capital are still poorly understood. We investigate the role of time and reference-dependent preferences in such decisions. Using a data set that...

Persistent link: https://www.econbiz.de/10011794202

Identity and Redistribution: Theory and Evidence.

Dhami, Sanjit; Manifold, Emma; al-Nowaihi, Ali - 2020

We propose a theoretical model that embeds social identity concerns, as in Akerlof and Kranton (2000), with inequity averse preferences, as in Fehr and Schmidt (1999). We conduct an artefactual ultimatum game experiment with registered members of British political parties, for whom political...

Persistent link: https://www.econbiz.de/10012269467