Showing 1 - 10 of 14
How accurate are laypeople's intuitions about probability distributions of events? The economic and psychological literatures provide opposing answers. A classical economic view assumes that ordinary decision makers consult perfect expectations, while recent psychological research has emphasized...
Persistent link: https://www.econbiz.de/10010735458
We study misaligned prices for logically related contracts in prediction markets. First, we uncover persistent arbitrage opportunities for risk-neutral investors between identical contracts on different exchanges. Examining the impact of several thousand dollars of transactions on the exchanges...
Persistent link: https://www.econbiz.de/10010840419
Markets are a strong instrument for aggregating dispersed information, yet there are flaws. Markets are too complex for some users, they fail to capture massive amounts of their users’ relevant information, and they suffer from some individual-level biases. Based on recent research in polling...
Persistent link: https://www.econbiz.de/10010850149
Online advertising offers unprecedented opportunities for measurement. A host of new metrics, clicks being the leading example, have become widespread in advertising science. New data and experimentation platforms open the door for firms and researchers to measure true causal effects of...
Persistent link: https://www.econbiz.de/10011264933
We design a laboratory experiment to test for image motives in a setting where decisions signal intelligence to a social audience. Money-maximizing behavior in the experiment sorts subjects by academic ability, as measured by performance on verbal analogy questions, across two levels of question...
Persistent link: https://www.econbiz.de/10011190136
If being asked to give to charity stimulates an emotional response, like empathy, that makes giving difficult to resist, a natural self-control mechanism might be to avoid being asked in the first place. We replicate a result from a field experiment that points to the role of empathy in giving....
Persistent link: https://www.econbiz.de/10010887104
We model religious faith as a "demand for beliefs," following the logic of the Pascalian wager. We then demonstrate how an experimental intervention can exploit standard elicitation techniques to measure religious belief by varying prizes associated with making choices contrary to one's belief...
Persistent link: https://www.econbiz.de/10010969243
To understand the “pure” incentives of altruism, economic laboratory research on humans almost always forbids communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which clearly must influence choices. Charities, for example,...
Persistent link: https://www.econbiz.de/10011056196
Persistent link: https://www.econbiz.de/10010940991
What triggers giving? We explore this in a randomized natural field experiment during the Salvation Army's annual campaign. Solicitors were at one or both of two main entrances to a supermarket, making the solicitation either easy or difficult to avoid. Additionally, solicitors were either...
Persistent link: https://www.econbiz.de/10009370798