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nature of purchases when conveyance is likely to occur, it also tests the moderating role of envy (elicited through an … energy cost. In addition, envy was found to generally reinforce the negative effects of conveyance on homeowners' willingness …-to-pay for quality and performance attributes. While conveyance and its interaction with envy help explain homeowners' choice of …
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Envy is an unpleasant emotion. If individuals anticipate that comparing their payoff with the (potentially higher … opportunity to reduce another person’s payoff, an individual’s envy may trigger behavior that is detrimental to welfare. In this …
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risk attitudes and that they both generate more risk loving behavior. Moreover, we find that a propension to envy …
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Players in economic situations often have preferences not only over their own outcome but also over what happens to fellow players, entirely apart from any strategic considerations. While this can be modeled directly by simply writing down final preferences, these are commonly unknown a priori....
Persistent link: https://www.econbiz.de/10009752856
This paper studies the effects of social comparison on risk taking be- havior. In our framework, decision makers evaluate the consequences of their choices as changes with respect to both their own and their peers’ conditions. We test experimentally whether different positions in the social...
Persistent link: https://www.econbiz.de/10010475612
predictions about the role of envy and loss aversion in tournaments. Our results confirm that the limitation of inequity between … effort. They suggest that envy and loss aversion drive behavior in tournaments. Moreover, we show that standard theory … provides a good explanation for competitive behavior when envy and loss aversion do not play a role in the decision making …
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