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A test of the law of demand in a virtual world : exploring the Petri dish approach to social science

Castronova, Edward (contributor) - 2008

We report results of an experiment on prices and demand in a fantasy-based virtual world. A virtual world is a persistent, synthetic, online environment that can be accessed by many users at the same time. Because most virtual worlds are built around a fantasy theme, complete with magic,...

Persistent link: https://www.econbiz.de/10003748233

Deception under time pressure : conscious decision or a problem of awareness?

Konrad, Kai A.; Lohse, Tim; Simon, Sven A. - 2017

dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition … time. More importantly, decomposing misreporting into its two components, i.e., the cognition process of the misreporting …

Persistent link: https://www.econbiz.de/10011723505

Deadlines and cognitive limitations

Altmann, Steffen; Traxler, Christian; Weinschenk, Philipp - 2017

This paper studies the interplay between deadlines and cognitive limitations. We analyze an agent's decision to complete a one-off task under a deadline. Postponing the task can be beneficial for the agent; missing the deadline, however, leads to a drop in the agent's rewards. If the agent...

Persistent link: https://www.econbiz.de/10011757775

Behavioral New Keynesian models : learning vs. cognitive discounting

Meggiorini, Greta; Milani, Fabio - 2021

This paper estimates a New Keynesian model with new and old behavioral elements. Agents in the model exhibit cognitive discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model. We investigate the model under different...

Persistent link: https://www.econbiz.de/10012509319

Perceived wealth, cognitive sophistication and behavioral inattention

Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico - 2019

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance sheet profiles may be perceived as non fungible in a controlled frictionless environment with no probabilistic attributes. A large majority of subjects indeed have a bias in...

Persistent link: https://www.econbiz.de/10012138808

Motivated procrastination

Cordes, Charlotte A.; Friedrichsen, Jana; Schudy, Simeon - 2024

Procrastination is often attributed to time-inconsistent preferences but may also arise when individuals derive anticipatory utility from holding optimistic beliefs about their future effort costs. This study provides a rigorous empirical test for this notion of ‘motivated procrastination’....

Persistent link: https://www.econbiz.de/10014517966

Limited self-knowledge and survey response behavior

Falk, Armin; Henkel, Luca; Neuber, Thomas; Strack, Philipp - 2025

We study response behavior in surveys and propose a method to identify and improve the informativeness of survey evidence. First, we develop a choice model of survey response behavior under the assumption that responses imperfectly reveal respondents' characteristics due to limited...

Persistent link: https://www.econbiz.de/10015421110

The subjective well-being of workfare participants : insights from a day reconstruction survey

Knabe, Andreas; Schöb, Ronnie; Weimann, Joachim - 2015

In this paper, we shed more light on the subjective well-being of workfare participants and compare it to the well-being of unemployed and employed workers. We use data from a self-conducted survey among participants in workfare schemes in Germany. We examine two subdimensions of subjective...

Persistent link: https://www.econbiz.de/10011280847

The causal impact of socio-emotional skills training on educational success

Sorrenti, Giuseppe; Zölitz, Ulf; Ribeaud, Denis; … - 2020

We study the long-term effects of a randomized intervention targeting children’s socio-emotional skills. The classroom-based intervention for primary school children has positive impacts that persist for over a decade. Treated children become more likely to complete academic high school and...

Persistent link: https://www.econbiz.de/10012196311

The right timing matters : sensitive periods in the formation of socio-emotional skills

Breitkopf, Laura; Chowdhury, Shyamal K.; Kamhöfer, … - 2025

Identifying sensitive periods in which the returns to investments into skills are especially high is challenging, but crucial for an effective and efficient timing of parental or public investments aimed at fostering children’s skills. We can detect sensitive periods with a novel design by...

Persistent link: https://www.econbiz.de/10015420353