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failure to account for this variation results in a bias when looking directly at measures of choice consistency and the sign … of this bias depends on the measure being used. However, controlling for this variation does not change the correlation …
Persistent link: https://www.econbiz.de/10013172519
We investigate the strategic nature of farmers' groundwater usage with a rich dataset from the American Midwest. We propose a new revealed preference test for the groundwater interaction as a dynamic game. We reject a view of groundwater usage decisions as strategic substitutes in favor of...
Persistent link: https://www.econbiz.de/10014418073
In the context of choice with limited consideration, where the decision-maker may not pay attention to all available options, the consideration function of a decision maker is path-independent if her choice cannot be manipulated by the presentation of the choice set. This paper characterizes a...
Persistent link: https://www.econbiz.de/10012493216
We experimentally investigate the memory recall bias of overconfident (underconfident) individuals after receiving …). Second, awareness of one's overconfidence or underconfidence does not eliminate memory recall bias. Third, the primacy effect … is stronger than the recency effect. Overall, our results suggest that memory recall bias is mainly due to motivated …
Persistent link: https://www.econbiz.de/10013252749
-minded players. This is best viewed as a heuristic or bias relative to the standard approach. We provide a formal theoretical …
Persistent link: https://www.econbiz.de/10011384070
itself under conditions of implicit bias. In doing so, I pair the Implicit Association Test (IAT), commonplace in other … meaningful difference between having an implicit bias and acting on one. As such, results can be thought of as a bound on the …
Persistent link: https://www.econbiz.de/10011905090
(regardless of accuracy). A simple lab experiment contradicts both hypotheses - subjects tend to follow public information when it …
Persistent link: https://www.econbiz.de/10012168608
The confirmation bias, unlike other decision biases, has been shown both empirically and in theory to be enhanced with … this bias. We aimed to test this hypothesis using a validated confirmation bias task in conjunction with a protocol that … confirmation bias would be stronger for WR participants and those higher in cognitive reflection on a sample of 197 young adults …
Persistent link: https://www.econbiz.de/10012432420
timing of bargaining rewards and bargaining costs will determine whether the players' present-bias will affect bargaining …
Persistent link: https://www.econbiz.de/10014422534
Persistent link: https://www.econbiz.de/10012062381