consumer learning. Thus, we find an information-based difference between Cournot and Bertrand competition: in the Bertrand … setting consumer learning increases the competition, i.e. products are more likely to be substitutes, and it weakens it in the … Brander and Spencer (2015a,b), to analyze the effect of consumer learning on firms' incentives to differentiate their products …

Using a randomized information experiment embedded in a representative survey, we study households' economic …

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future …

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future …

anticipatory utility from holding optimistic beliefs about their future effort costs. This study provides a rigorous empirical test … for this notion of ‘motivated procrastination’. In a longitudinal experiment over four weeks, individuals must complete a … beliefs among workers, which causally increase the deferral of work to the future. The roots for biased beliefs stem from …

when individuals derive anticipatory utility from holding motivated, overly optimistic beliefs about the workload they need … longitudinal experiment over four weeks, individuals have to complete a cumbersome task of unknown length. They are exposed to … for motivated reasoning allows workers to hold substantially more optimistic beliefs and identify a causal link between …

experiment. The behavioral data analysis highlight that cue salience is instrumental in driving learning. The simulation results … through which the competing dimensions are perceived. When these aspects diverge, their conflict will affect the learning … perhaps the first study to demonstrate the effect of salience and validity interaction on choice and learning in multi …