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The endowment effect is among the best known findings in behavioral economics, and has been used as evidence for theories of reference-dependent preferences and loss aversion. However, a recent literature has questioned the robustness of the effect in the laboratory, as well as its relevance in...
Persistent link: https://www.econbiz.de/10013076912
design an experiment that treats the two goods (a mug and a pen) symmetrically in all but in the probabilities with which … they are expected to be owned. Thus, our "endowmentless" endowment effect experiment shuts down all alternative mechanisms …
Persistent link: https://www.econbiz.de/10013131234
This paper describes the results of a web-based multi-period insurance purchasing experiment focusing on how …
Persistent link: https://www.econbiz.de/10013029548
We use a unique, nationally representative cross-national dataset to document the reduction in individuals' usage of routine non-emergency medical care in the midst of the economic crisis. A substantially larger fraction of Americans have reduced medical care than have individuals in Great...
Persistent link: https://www.econbiz.de/10013146267
experiment. Given that the potential impacts of insurance for small scale farmers are high, and yet demand for conventionally …
Persistent link: https://www.econbiz.de/10012911082
We report on an experiment examining why default options impact behavior. By randomly assigning employees to different …
Persistent link: https://www.econbiz.de/10012951867
Recent large-scale randomized experiments find that helping people form implementation intentions by asking when and where they plan to act increases one-time actions, such as vaccinations, preventative screenings and voting. We investigate the effect of a simple scalable planning intervention...
Persistent link: https://www.econbiz.de/10012911692
observe in a laboratory experiment …
Persistent link: https://www.econbiz.de/10012911706
What is the role of structural estimation in behavioral economics? I discuss advantages, and limitations, of the work in Structural Behavioral Economics. I also cover common modeling choices and how to get started. Among the advantages, I argue that structural estimation builds on, and expands,...
Persistent link: https://www.econbiz.de/10012914733
versus equal outcomes). In a laboratory experiment, the most common behavioral pattern is for subjects to select the ex ante …
Persistent link: https://www.econbiz.de/10012907770