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This paper reports results from a unique two-stage experiment designed to examine the spillover effects of optimism and pessimism. In stage 1, we induce optimism or pessimism onto subjects by randomly assigning a high or low piece rate for performing a cognitive task. We find that participants...
Persistent link: https://www.econbiz.de/10005822246
A two-stage experiment was designed to examine spillover effects of a type of optimism/pessimism. We first exploit cognitive dissonance to induce optimism/pessimism by random assignment of high/low piece rates for performing a task. Subjects receiving the low piece rate are significantly more...
Persistent link: https://www.econbiz.de/10009194955
In the current study we explore whether enriching the brain’s supply of glucose will improve the quality and speed of decision making. Prior research shows that glucose enrichment supports cognition and more recent research has shown it can improve decision making on some tasks. To test our...
Persistent link: https://www.econbiz.de/10011115409
We examine the impact of glucose on a Bayesian choice task that creates a separating equilibrium between high-level Bayesian choice and lower-level reinforcement heuristic choice. Consistent with a dual systems framework, we hypothesize that glucose administration will both increase reaction...
Persistent link: https://www.econbiz.de/10010907194
Experimental studies have shown that sanctions effectively deter free riding within groups. However, the over-use of costly punishment may actually harm overall welfare. A main reason for over-punishment is that free-riders generate negative emotions that likely favor excessive punishments. In...
Persistent link: https://www.econbiz.de/10010907196
When membership in a particular group conveys valuable information about an individual’s skills, productivity, or other human capital characteristics, a non-prejudiced agent may still find it rational to statistically discriminate. We frame statistical discrimination in a labor market setting...
Persistent link: https://www.econbiz.de/10010907201
Do individuals trained in law enforcement punish or rewards differently from typical student subjects? We analyze norm enforcement behavior of newly appointed police commissioners in both a Voluntary Contribution Mechanism game and a Common Pool Resource game. Our experimental design includes...
Persistent link: https://www.econbiz.de/10010907204
Physical activity level is becoming more recognized as a primary factor in overall human health and obesity. Humans possess a number of traits that influence their physical activity level. We examined whether having a high or low desire to engage in challenging mental activity predicted...
Persistent link: https://www.econbiz.de/10010907206
This study examines whether voluntary sleep restriction at commonly experienced levels impacts decision-making in a Bayesian choice task. Participants were largely traditional age college students from a regional state university (n=100) and a federal military academy (n=99). Sleep was measured...
Persistent link: https://www.econbiz.de/10011075617
Exercise is known to improve health along many dimensions. Decision making is an understudied dimension of one’s (behavioral) health where exercise effects are not well-known. Because certain physiological changes are known to impact decision making, exercise may modulate decisions via its...
Persistent link: https://www.econbiz.de/10010836992