Showing 1 - 10 of 1,005
We attempt to link laboratory-based measures of preferences with measures of school performance. We measure in an incentivized way risk, time, social and competitive preferences and also cognitive abilities of university students and look for associations between these measures and two important...
Persistent link: https://www.econbiz.de/10011687287
Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while psychologists use personality traits to describe...
Persistent link: https://www.econbiz.de/10012851581
Growing evidence indicates that utility over time is different from utility under risk. Hence, measuring intertemporal preferences (discounting and utility) exclusively from intertemporal choices is desirable. We develop a simple method for measuring intertemporal preferences. It is...
Persistent link: https://www.econbiz.de/10014478410
Do choices feed back into and alter preferences? Widespread evidence arising in psychology and neuroscience shows that preferences change in response to own choices, a phenomenon typically explained through cognitive dissonance. The evidence, however, presents serious shortcomings casting doubts...
Persistent link: https://www.econbiz.de/10012913142
We explore aversion to the use of algorithms in moral decision-making. So far, this aversion has been explained mainly by the fear of opaque decisions that are potentially biased. Using incentivized experiments, we study which role the desire for human discretion in moral decision-making plays....
Persistent link: https://www.econbiz.de/10013225225
Politicians, CEOs and various other types of dictators make social choices that influence both their own and others' welfare. When a dictator's preferred alternative differs from recipients', it is unclear which preferences they aggregate and how they determine this set of admissible...
Persistent link: https://www.econbiz.de/10014353493
In this paper, we hypothesize that the strength of the consensus effect, i.e., the tendency for people to overweight the prevalence of their own values and preferences when forming beliefs about others' values and preferences, depends on the salience of own preferences. We manipulate salience by...
Persistent link: https://www.econbiz.de/10014233633
How does the experience of success in combination with confidence affect meritocratic beliefs and preferences for redistribution? In a large-scale experiment, we manipulate both the level of confidence in own performance and the outcome of a competition to provide causal evidence. First, we...
Persistent link: https://www.econbiz.de/10014343930
Having an accurate account of preferences help governments design better policies for their citizens, organizations develop more efficient incentive schemes for their employees and adjust their product to better suit their clients' needs. The plethora of elicitation methods most commonly used...
Persistent link: https://www.econbiz.de/10014346015
Contrary to the traditional economic view that individuals misreport private information to maximize material payoffs, recent evidence highlights robust preferences for truth-telling among many decision-makers. Theoretical models that align with aggregate behavioral patterns posit that these...
Persistent link: https://www.econbiz.de/10015144332