Showing 1 - 10 of 1,089
We document that prior portfolio choices influence investors' expectations about asset values, and their future choices. We find that people update more from information consistent with their prior choices, leading to sticky portfolios over time. These effects are related to how the brain's...
Persistent link: https://www.econbiz.de/10012955454
revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in …
Persistent link: https://www.econbiz.de/10013053150
no action at a decision point. Consumers may face automatic renewal, automatic switching, or non-purchase defaults …
Persistent link: https://www.econbiz.de/10013053847
allocations is not rejected in models that allow more than two household members to have agency in decision-making. In contrast … decision-making within complex households.Institutional subscribers to the NBER working paper series, and residents of …
Persistent link: https://www.econbiz.de/10012858407
We examine how 17 behavioral biases relate to each other, to other decision inputs, and to decision outputs. Most … personality traits—with some expected exceptions. Accounting for this correlation structure, we reduce our 29 decision inputs to … this taxonomy for various approaches to modeling influences of behavioral biases on decision making …
Persistent link: https://www.econbiz.de/10013406826
investigate the behavior of judges, the conduct of whom should, by law, be free of personal biases and emotions. We find that … auxiliary analyses demonstrate the robustness of the findings. These results provide evidence for the impact of emotions in one …
Persistent link: https://www.econbiz.de/10012983654
in California and show it decreased registration rates. Similarly, a "field in the lab" experiment run on actual organ …
Persistent link: https://www.econbiz.de/10013049001
In this paper we analyze the problem of whether and/or when to replace a leader (agent) when no monetary rewards are available, and it is the leader's competence rather than effort that is being evaluated. The only decisions that the leader takes over time are whether to undertake risky but...
Persistent link: https://www.econbiz.de/10013050303
-scale randomized field experiment in which research subjects having difficulty making a decision flipped a coin to help determine their …
Persistent link: https://www.econbiz.de/10012985583
A growing literature associates poverty with biases in decision-making. We investigate this link in a sample of over 3 … constraints increase decision stakes, we also show that trading probabilities increase when the value of the items involved is …
Persistent link: https://www.econbiz.de/10012861726