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Motivational Goal Bracketing : An Experiment

Koch, Alexander K. - 2017

We study in an online, real-effort experiment how the bracketing of non-binding goals affects performance in a work-leisure self-control problem. We externally induce the goal bracket – daily goals or a weekly goal – and within that bracket let subjects set goals for how much they want to...

Persistent link: https://www.econbiz.de/10012948623

Higher Order Risk Preferences : New Experimental Measures, Determinants and Field Behavior

Schneider, Sebastian O. - 2020

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences - particularly … these domains of field behavior. Thus our paper puts previous work that ignored higher order risk preferences into an …

Persistent link: https://www.econbiz.de/10012823871

Nudging in Complex Environments

Koch, Alexander K.; Monster, Dan; Nafziger, Julia - 2023

To study the effects of reminder nudges in complex environments, we apply a novel experimental approach based on a computer game in which decision makers have to pay attention to and perform multiple actions within a short period of time. The set-up allows us, first, to test the effect of...

Persistent link: https://www.econbiz.de/10014356681

Bayesian Versus Heuristic-Based Choice Under Sleep Restriction and Suboptimal Times of Day

Dickinson, David L. - 2017

This paper examines the impact of a commonly experienced adverse cognitive state on decision making under uncertainty. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision making. Thus, we induce sleepiness in our...

Persistent link: https://www.econbiz.de/10012947720

Willingness to Take Risk : The Role of Risk Conception and Optimism

Dohmen, Thomas - 2018

We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of...

Persistent link: https://www.econbiz.de/10012915178

Civil War, Natural Disaster and Risk Preferences : Evidence from Sri Lankan Twins

Kettlewell, Nathan - 2018

We estimate whether risk preferences are affected by traumatic events by using a unique survey of Sri Lankan twins … civil war, validated measures of mental health and risk preferences, and a rich set of control variables. Our estimation …

Persistent link: https://www.econbiz.de/10012907854

Climatic Roots of Loss Aversion

Galor, Oded - 2018

This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of...

Persistent link: https://www.econbiz.de/10012910744

Goals and Psychological Accounting

Koch, Alexander K. - 2011

from the literatures on goals and mental accounting with models of expectations-based reference-dependent preferences. By …

Persistent link: https://www.econbiz.de/10013122976

Risk and Saving in Two-Person Households : More Scope for Precautionary Saving

Apps, Patricia - 2012

The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...

Persistent link: https://www.econbiz.de/10013099761

On the Psychology of the Relation between Optimism and Risk Taking

Dohmen, Thomas; Quercia, Simone; Willrodt, Jana - 2022

In this paper, we provide an explanation for why risk taking is related to optimism. Using a laboratory experiment, we show that the degree of optimism predicts whether people tend to focus on the positive or negative outcomes of risky decisions. While optimists tend to focus on the good...

Persistent link: https://www.econbiz.de/10014241265