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Ingratiation and Favoritism : Experimental Evidence

Robin, Stéphane - 2012

We provide experimental evidence of workers' ingratiation by opinion conformity and of managers' discrimination in favor of workers with whom they share similar opinions. In our Baseline, managers can observe both workers' performance at a task and opinions before assigning unequal payoffs. In...

Persistent link: https://www.econbiz.de/10013106646

On the Interpretation of World Values Survey Trust Question : Global Expectations vs. Local Beliefs

Banerjee, Ritwik - 2016

How should we interpret the World Values Survey (WVS) trust question? We conduct an experiment in India, a low trust country, to correlate the WVS trust question with trust decisions in an incentivized Trust Game. Evidence supports findings from one strand of the fractured literature – the WVS...

Persistent link: https://www.econbiz.de/10012993949

Correlation Neglect in Belief Formation

Enke, Benjamin - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10013082140

The Ratio Bias Phenomenon : Fact or Artifact?

Lefebvre, Mathieu - 2009

The ratio bias – according to which individuals prefer to bet on probabilities expressed as a ratio of large numbers to normatively equivalent or superior probabilities expressed as a ratio of small numbers – has recently gained momentum, with researchers especially in health economics...

Persistent link: https://www.econbiz.de/10013154975

Framing Effects and Impatience : Evidence from a Large Scale Experiment

van der Heijden, Eline - 2013

We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...

Persistent link: https://www.econbiz.de/10013089008

Gender Differences and Dynamics in Competition : The Role of Luck

Gill, David - 2010

We present experimental evidence which sheds new light on why women may be less competitive than men. Specifically, we observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss, women tend to reduce effort, and the effect is...

Persistent link: https://www.econbiz.de/10013141427

A Theory of Wage Adjustment Under Loss Aversion

Ahrens, Steffen - 2015

We present a new theory of wage adjustment, based on worker loss aversion. In line with prospect theory, the workers … price. Firms adjust wages flexibly in response to variations in labor demand. The resulting theory of wage adjustment is …

Persistent link: https://www.econbiz.de/10013031191

Loss Aversion and Lying Behavior : Theory, Estimation and Empirical Evidence

Garbarino, Ellen - 2016

We theoretically show that agents with loss-averse preferences facing a decision to receive a bad financial payoff if they report honestly or to receive a better financial payoff if they report dishonestly are more likely to lie to avoid receiving the low payoff the lower the ex-ante probability...

Persistent link: https://www.econbiz.de/10012978152

Defaults and Donations : Evidence from a Field Experiment

Altmann, Steffen - 2014

We study how website defaults affect consumer behavior in the domain of charitable giving. In a field experiment that was conducted on a large platform for making charitable donations over the web, we exogenously vary the default options in two distinct choice dimensions. The first pertains to...

Persistent link: https://www.econbiz.de/10013042970

A Theory of Price Adjustment Under Loss Aversion

Ahrens, Steffen - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition.The resulting theory of price adjustment is …

Persistent link: https://www.econbiz.de/10013054582