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Destructive Behavior, Judgment, and Economic Decision-making under Thermal Stress
Almås, Ingvild - 2019
who were randomly assigned to different temperatures in a laboratory. We find that most dimensions of decision-making are …
Persistent link: https://www.econbiz.de/10012479735
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Projection Bias in the Car and Housing Markets
Busse, Meghan R. - 2012
the impact of the weather on purchasing decisions. We find that the choice to purchase a convertible, a 4-wheel drive, or … a vehicle that is black in color is highly dependent on the weather at the time of purchase in a way that is …
Persistent link: https://www.econbiz.de/10012460449
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The Geography of Consumption
Agarwal, Sumit - 2017
We provide the first cross-sectoral description of local consumption markets. Detailed credit card data show consumers have limited mobility and manage the spatial dimension of their transactions. In more frequently purchased sectors, expenditure declines faster with distance; further, the spatial...
Persistent link: https://www.econbiz.de/10012455066
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Optimism and Economic Choice
Puri, Manju - 2005
This paper presents some of the first large-scale survey evidence linking optimism to major economic choices. We create a novel measure of optimism using the Survey of Consumer Finance by comparing a person's self-reported life expectancy to that implied by statistical tables. Optimists are more...
Persistent link: https://www.econbiz.de/10012467322
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Dominated Choices and Medicare Advantage Enrollment
Afendulis, Christopher - 2014
revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in …
Persistent link: https://www.econbiz.de/10012458484
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When Consumers Do Not Make an Active Decision : Dynamic Default Rules and their Equilibrium Effects
Ericson, Keith M. Marzilli - 2014
no action at a decision point. Consumers may face automatic renewal, automatic switching, or non-purchase defaults …
Persistent link: https://www.econbiz.de/10012458537
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Decision-Making in Complex Households
Rangel, Marcos A. - 2019
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 …
Persistent link: https://www.econbiz.de/10012480455
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The Effect of Prior Choices on Expectations and Subsequent Portfolio Decisions
Kuhnen, Camelia M. - 2017
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/10012455243
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We are all Behavioral, More or Less : A Taxonomy of Consumer Decision Making
Stango, Victor - 2020
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/10012482357
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Heads or Tails : The Impact of a Coin Toss on Major Life Decisions and Subsequent Happiness
Levitt, Steven D. - 2016
-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/10012456190