When a sequence of decision makers with private information announce public predictions, initial conformity can create an information cascade in which all future decision makers will rationally match the early announcements and disregard private information. This study uses event-related...

When a sequence of decision makers with private information announce public predictions, initial conformity can create an information cascade in which all future decision makers will rationally match the early announcements and disregard private information. This study uses event-related...

Threat is a strategy that can be used to impact decision-making processes in bargaining. Abundant evidence suggests that credible threat and incredible threat both influence the obeisance of others. However, it is not clear whether the decision-making processes under credible threat and...

Despite prevailing research asserting the efficiency and stability of punishment over rewards in an environment of perfect information, the prevalence of reward structures in everyday life remains apparent. This commonality might be explained by the enhanced cooperative behavior and welfare...

When people transfer their own data, it may also contain others’ data. In this case, people decide whether to risk others’ privacy on behalf of others. In addition, the benefit of transferring personal data could be in form of money or time. Will people exhibit different willingness to...

In this paper, we provide a novel non-monetary incentive device, i.e., swearing an oath, and conduct a lab and a “field in the lab” experiment to identify channels through which oath affects organ donation. Our lab experiment shows that oath alone does not affect organ donation behavior....