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Individual and collective information acquisition : an experimental study
Reshidi, Pëllumb; Lizzeri, Alessandro; Yariv, Leeat; … - 2021
decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …
Persistent link: https://www.econbiz.de/10012697146
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Individual and Collective Information Acquisition : An Experimental Study
Reshidi, Pellumb; Lizzeri, Alessandro; Yariv, Leeat; … - 2022
decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …
Persistent link: https://www.econbiz.de/10013307001
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Individual and Collective Information Acquisition : An Experimental Study
Reshidi, Pellumb; Lizzeri, Alessandro; Yariv, Leeat; … - 2021
Many committees—juries, political task forces, etc.—spend time gathering costly information before reaching a decision … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …
Persistent link: https://www.econbiz.de/10013311705
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2019
We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...
Persistent link: https://www.econbiz.de/10011987011
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2019
We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...
Persistent link: https://www.econbiz.de/10011993589
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2018 - Preliminary version
We investigate the elasticity of preferences for moral ignorance with respect to monetary incentives and social norm information. We propose a model where uncertainty differentially decreases the moral costs of unethical behavior, and benchmark the demand curve for moral ignorance against a...
Persistent link: https://www.econbiz.de/10011949455
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Persuasion, justification and the communication of social impact
Förster, Manuel; Weele, Joël J. van der - 2018
We experimentally investigate strategic communication about the impact of prosocial actions, which is central to policy debates about foreign aid or the environment. In our experiment, a "sender" receives an informative but noisy signal about the impact of a charitable donation. She then sends a...
Persistent link: https://www.econbiz.de/10011895755
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The (in)elasticity of moral ignorance
Serra-Garcia, Marta; Szech, Nora - 2019
Ignorance enables individuals to act immorally. This is well known in policy circles, where there is keen interest in lowering moral ignorance. In this paper, we demonstrate the relevance of demand elasticity to ignorance by showing that small monetary incentives can significantly reduce...
Persistent link: https://www.econbiz.de/10012060975
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Lookers-On See Most of the Game : Decision-Making for Others versus for Oneself in a Labor Market Experiment
Sun, Hu; Wang, Yun - 2018
process in a labor market problem. Our experimental treatments feature decision-making for oneself versus for others. In both …'. Estimation results from a reinforcement learning model show that, compared to decision-making for others, subjects tend to have a …-image affects their economic decisions. We show that decision-making for others could be used as a good benchmark to measure the …
Persistent link: https://www.econbiz.de/10014125658
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Risky decisions and the opportunity cost of time
Hausfeld, Jan; Resnjanskij, Sven - 2018
positive correlation between decision time and the probability of making mistakes. Such behavior is compatible with rational … making observable decision errors under risk. …
Persistent link: https://www.econbiz.de/10011962186