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The effect of the social environment during childhood on preferences in adulthood

Abeler, Johannes; Fosgaard, Toke Reinholt; Gårn … - 2023

Preferences are key for shaping decision-making, yet it remains an open question where preferences originate from. We investigate the causal effect of the childhood social environment on adults’ preferences. We utilize a natural experiment in Denmark, which randomized refugees to different...

Persistent link: https://www.econbiz.de/10014382262

Identifying nontransitive preferences

Alós-Ferrer, Carlos; Fehr, Ernst; Garagnani, Michele - 2023 - Revised version

Transitivity is perhaps the most fundamental choice axiom and, therefore, almost all economic models assume that … preferences are transitive. The empirical literature has regularly documented violations of transitivity, but these violations … deterministic part of individuals' preferences. However, what if transitivity violations reflect individuals' genuinely …

Persistent link: https://www.econbiz.de/10013489445

Identifying nontransitive preferences

Alós-Ferrer, Carlos; Fehr, Ernst; Garagnani, Michele - 2022 - This version: July 2nd, 2022

Persistent link: https://www.econbiz.de/10013277067

Inferring Preferences from Choices Under Uncertainty

Kuzmics, Christoph - 2012

If a decision maker, in a world of uncertainty a la Anscombe and Aumann (1963), can choose acts according to some objective probability distribution (by throwing dice for instance) from any given set of acts, then there is no set of acts that allows an experimenter to test more than the Axiom of...

Persistent link: https://www.econbiz.de/10014171994

Temptation and Stochastic Preferences

Palacios-Huerta, Ignacio; Volij, Oscar - 2021

This paper is concerned with the nature of temptation in stochastic choice models. In particular, we study the distinction between the two leading approaches to modeling temptation in the literature (dynamic inconsistency and costly self-control) when preferences are stochastic. We first design...

Persistent link: https://www.econbiz.de/10013221683

Chapter 3. Preferences for Status : Evidence and Economic Implications

Heffetz, Ori; Frank, Robert H. - In: Handbook of social economics : volume 1, (pp. 69-91). 2011

This chapter brings together some of the recent empirical and experimental evidence regarding preferences for social status. While briefly reviewing evidence from different literatures that is consistent with the existence of preferences for status, we pay special attention to experimental work...

Persistent link: https://www.econbiz.de/10014025700

Intentions undercover : hiding intentions is considered unfair

Friehe, Tim; Utikal, Verena - 2015

Unfair intentions provoke negative reciprocity from others, making their concealment potentially beneficial. This paper explores whether people hide their unfair intentions from others and how hiding intentions is itself perceived in fairness terms. Our experimental data show a high frequency of...

Persistent link: https://www.econbiz.de/10010483596

The power of close relationships and audiences : interpersonal closeness and payment observability as determinants of voluntary payments

Hofmann, Elisa - 2020

Individual decision-making in Pay-What-You-Want settings is prone to social influence. Es pecially payment observability and the social relationship with other buyers during the payment decision are two important components of social influence. In practical applications of Pay-What-You-Want both...

Persistent link: https://www.econbiz.de/10012291795

Biased probability judgment: evidence of incidence and relationship to economic outcomes from a representative sample

Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009

Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...

Persistent link: https://www.econbiz.de/10010269033

Uncertainty, Ambiguity and Risk Taking : An Experimental Investigation of Consumer Behavior and Demand for Insurance

Desrochers, Jean - 2013

The purpose of this paper is to examine whether people treat all forms of uncertainty in the same way. Studies investigating known-risk gambles and ambiguous gambles have systematically used the urn context. Little systematic research has investigated differences in expressed attitude as a...

Persistent link: https://www.econbiz.de/10013072102