Showing 1 - 10 of 432
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utilityconsequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011523747
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011528156
In case of voting with common interests, a voter’s decision should in principle take account of the information implicitly revealed by the event that she is 'pivotal'. Question is: in reality to what extent members of small groups incorporate or ignore the information implicit in being pivotal...
Persistent link: https://www.econbiz.de/10014175398
This paper reports the results from a real-effort team production experiment, where best performers can impose either tacit or explicit sanctions on their less-performing partners. The behavior of the best performer in the team differs from one condition to another. When explicit sanctions are...
Persistent link: https://www.econbiz.de/10014154025
A nudge is a paternalistic government intervention that attempts to improve choices by changing the framing of a decision problem. We propose a welfare- theoretic foundation for nudging similar in spirit to the classical revealed preference approach, by investigating a model where preferences...
Persistent link: https://www.econbiz.de/10014136221
In this paper, I suggest a new experimental method for measuring (dis)honest information transmission. Subjects play a variant of the dictator game in which the dictator’s decision whether to lie (either to or against his advantage) or whether to be honest, when communicating private...
Persistent link: https://www.econbiz.de/10014144845
Given free information and unlimited processing power, should decision algorithms use as much information as possible? A formal model of the decision making environment is developed to address this question and provide conditions under which informationally frugal algorithms, without any...
Persistent link: https://www.econbiz.de/10013137061
We provide a theoretical and empirical analysis of the effects on people's behavior of reminders about investment activities (i.e. with up-front costs and delayed benefits), such as education and healthy behavior. By means of a randomized field experiment, we show that simple weekly reminders...
Persistent link: https://www.econbiz.de/10013114120
This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10013108628
This study examines whether complete transparency about the randomness of prediction-generating processes mitigates the hot hand fallacy and the conditions under which it may fail. In a pre-registered laboratory experiment (N=750), we showed that transparency about the prediction-generating...
Persistent link: https://www.econbiz.de/10015134983