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emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision …We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either …
Persistent link: https://www.econbiz.de/10012118611
-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than … explained by better reasoning abilities of teams. Emotions play a role in determining bids, but the effect of emotions on …
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The adoption decision for durable goods is intertemporal by definition. However, estimating utility and discount …
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Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much … assumption that humans can assess the quality of algorithms. We test this assumption by conducting an online experiment with 1263 … - decision-makers cannot verify the quality of such goods, even after "consuming" them. Based on this finding, we test two …
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We study how institutional design influences moral transgression. People are heterogeneous in their feelings of guilt and can share guilt with others. Institutions determine the number of supporters necessary for immoral outcomes to occur. With more supporters required, every supporter can share...
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in a simple global game experiment. Our results indicate that the signal associated to the highest or second highest … response time at the beginning of the experiment are both unbiased estimates of the threshold employed by subjects at the end … of the experiment. This predictive ability is lost when we move to the third or higher response times. Moreover, the …
Persistent link: https://www.econbiz.de/10010373154