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When being wasteful appears better than feeling wasteful

Zultan, Ro'i; Bar-Hillel, Maya; Guy, Nitsan - 2010

"Waste not want not" expresses our culture's aversion to waste. "I could have gotten the same thing for less" is a sentiment that can diminish pleasure in a transaction. We study people's willingness to "pay" to avoid this spoiler. In one scenario, participants imagined they were looking for a...

Persistent link: https://www.econbiz.de/10008779919

Equity and the willingness to pay for green electricity in Germany

Andor, Mark Andreas; Frondel, Manuel; Sommer, Stephan - 2018

. Based on randomized information treatments in a stated-choice experiment among about 11,000 German households, we explore … Stromverbraucher höhere Lasten tragen müssen. Basierend auf einem Discrete-Choice Experiment unter 11.000 Haushalten, in dem zwei … diese Information die Zahlungsbereitschaft für grünen Strom beeinflusst. Unser zentrales Ergebnis lautet: Die Reduzierung …

Persistent link: https://www.econbiz.de/10011873273

Consumption Intentions toward green restaurants : application of theory of planned behavior and altruism

Shen, Ying-pei - In: International journal of management, economics and … 6 (2017) 3, pp. 121-143

Testing 429 valid questionnaires distributed in 20 green restaurants located in Taipei, Taichung, and Kaohsiung, this study explored the intentions of consumers to dine at green restaurants based on their perceptions of green restaurant attributes and their attitudes, subjective norms, and...

Persistent link: https://www.econbiz.de/10011752838

Weather and the psychology of purchasing outdoor-movie tickets

Buchheim, Lukas; Kolaska, Thomas - 2016

The consequences of many economic decisions only materialize in the future. To make informed choices in such decision problems, consumers need to anticipate the likelihood of future states of the world, the state-dependence of their preferences, and the choice alternatives that may become...

Persistent link: https://www.econbiz.de/10011414629

Testing the advantages of conscious vs. unconscious thought for complex decisions in a distraction free paradigm

McElroy, Todd; Dickinson, David L. - 2016

In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we use a method of manipulating conscious and...

Persistent link: https://www.econbiz.de/10011580853

Relaxation Increases Monetary Valuations

Pham, Michel T. - 2011

This research documents an intriguing empirical phenomenon whereby states of relaxation increase the monetary valuation of products. This phenomenon is demonstrated in six experiments involving two different methods of inducing relaxation, a large number of products of different types, and...

Persistent link: https://www.econbiz.de/10013131893

Does self-control depletion affect risk attitudes?

Gerhardt, Holger; Schildberg-Hörisch, Hannah; … - 2015

within a particular range. We test the hypotheses in a lab experiment with a large number of subjects (N = 308), using a well …

Persistent link: https://www.econbiz.de/10011449223

Loss of Self-Control in Intertemporal Choice May Be Attributable to Logarithmic Time-Perception

Takahashi, Taiki - 2011

Impulsivity and loss of self-control in drug-dependent patients have been associated with the manner in which they discount delayed rewards. Although drugs of abuse have been shown to modify perceived time duration, little is known regarding the relationship between impulsive decision-making in...

Persistent link: https://www.econbiz.de/10014180408

Choice Over Experiments

Adams, Christopher - 2018

The decision maker is assumed to observe a large number of experiments. The paper presents conditions for the existence of a unique prior over distributions that generate each of the observed samples. The axioms over experiments admit a recursive non-expected utility representation over...

Persistent link: https://www.econbiz.de/10012920505

Consumer Choice Rule While Examining Similar Consumption Bundles : Rational Choice to Behavioral Bias

Vikramaditya, Vibhu - 2021

The study tries to recognize the behavior of the consumer with respect to the opportunity cost and marginal benefit associated with the commodity. The research tries to evaluate the factors and identify behavioral traits of consumers if they exist in decision making. The study also tries to...

Persistent link: https://www.econbiz.de/10013245656