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Behavioral Constraints on Pricing : Experimental Evidence on Price Discrimination and Customer Antagonism

Leibbrandt, Andreas - 2017

In this study, we investigate behavioral constraints on pricing by using a novel laboratory experiment in which actual consumption goods are traded. We test different models and provide several insights into pricing and reactions to price discrimination. First, we identify the extent to which...

Persistent link: https://www.econbiz.de/10012965710

Risk Aversion as a Perceptual Bias

Khaw, Mel - 2017

The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of … bias | but one that represents an optimal Bayesian decision, given the limitations of the mental representation of the … other evidence regarding numerical cognition, and test its ability to explain the choice frequencies that we observe in a …

Persistent link: https://www.econbiz.de/10012956867

A Study of Outcome Reporting Bias Using Gender Differences in Risk Attitudes

Crosetto, Paolo; Filippin, Antonio; Heider, Janna - 2021

possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the … outcome reporting bias in the risk and gender literature. We find no evidence that the likelihood of reporting about gender …

Persistent link: https://www.econbiz.de/10013315692

Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?

Snowberg, Erik - 2011

misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates …

Persistent link: https://www.econbiz.de/10013133607

Managerial Payoff and Gift Exchange in the Field

Englmaier, Florian; Leider, Stephen - 2021

’s effort on the manager’s payoff. The results indicate a strong complementarity between the initial wage gift and the agent …

Persistent link: https://www.econbiz.de/10013315937

'Now that You Mention It' : A Survey Experiment on Information, Salience and Online Privacy

Marreiros, Helia - 2016

Personal data lie at the forefront of different business models and constitute the main source of revenue of several online companies. In many cases, consumers have incomplete information about the digital transactions of their data. This paper investigates whether highlighting positive or...

Persistent link: https://www.econbiz.de/10012996793

Implicit Preferences Inferred from Choice

Cunningham, Tom - 2016

A longstanding distinction in psychology is between implicit and explicit preferences. Implicit preferences are ordinarily measured by observing non-choice data, such as response time. In this paper we introduce a method for inferring implicit preferences directly from choices. The necessary...

Persistent link: https://www.econbiz.de/10012998711

Playing with the Good Guys - A Public Good Game with Endogenous Group Formation

Brekke, Kjell Arne - 2013

In public good games, voluntary contributions tend to start off high and decline as the game is repeated. If high contributors are matched, however, contributions tend to stay high. We propose a formalization predicting that high contributors will self-select into groups committed to charitable...

Persistent link: https://www.econbiz.de/10013095928

Do Markets Erode Social Responsibility

Bartling, Björn - 2013

This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in which low-cost production creates a negative externality for third parties, but where alternative production with higher costs entirely mitigates the externality. Our data...

Persistent link: https://www.econbiz.de/10013072095

Emotion at Stake : The Role of Stake Size and Emotions in a Power-To-Take Game Experiment in China with a Comparison to Europe

Bosman, Ronald - 2016

responder has over his or her actions via emotion regulation. Finally, comparing our data with existing data for countries in …

Persistent link: https://www.econbiz.de/10012992607