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Why Do People Pay for Useless Advice? Implications of Gambler's and Hot-Hand Fallacies in False-Expert Setting
Powdthavee, Nattavudh
;
Riyanto, Yohanes E.
-
Institute for the Study of Labor (IZA)
-
2012
We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...
Persistent link: https://www.econbiz.de/10011279343
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Community Norms and Organizational Practices: The Legitimization of Wage Arrears in Russia, 1992-1999
Earle, John S.
;
Spicer, Andrew
;
Peter, Klara Sabirianova
-
Institute for the Study of Labor (IZA)
-
2004
What role do community norms play in the diffusion and persistence of new organizational practices? We explore this question through an examination of the widespread practice of wage arrears, the late and non-payment of wages, in Russia during the 1990s. Existing research on wage arrears most...
Persistent link: https://www.econbiz.de/10005761724
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Religion and Innovation
Benabou, Roland
;
Ticchi, Davide
;
Vindigni, Andrea
-
Institute for the Study of Labor (IZA)
-
2015
, broadly defined (e.g., attitudes toward
science
and technology, new versus old ideas, change, risk taking, personal agency …
Persistent link: https://www.econbiz.de/10011265295
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