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Loewenstein (1996, 2005) identifies an intrapersonal empathy gap. In the respective experiments, subjects make choices with delayed consequences. When entering the state where these consequences would unfold, they get the possibility to revise their initial choice. Revisions are more substantial...
Persistent link: https://www.econbiz.de/10010281625
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Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...
Persistent link: https://www.econbiz.de/10003980493
Loewenstein (1996, 2005) identifies an intrapersonal empathy gap. In the respective experiments, subjects make choices with delayed consequences. When entering the state where these consequences would unfold, they get the possibility to revise their initial choice. Revisions are more substantial...
Persistent link: https://www.econbiz.de/10008990904
Persistent link: https://www.econbiz.de/10010336586
Many real life choices concern consumption in future periods. Previous studies apparently demonstrate that people systematically mispredict future tastes in such situations. This evidence, however, is also consistent with the idea that people understand, but do not approve of their future...
Persistent link: https://www.econbiz.de/10011541376
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Ethics is a field in which the gap between words and actions looms large. Game theory and the empirical methods it inspires look at behavior instead of the lip service people sometimes pay to norms. We believe that this special issue comprises several illustrations of the fruitful application of...
Persistent link: https://www.econbiz.de/10011849246
Hypocrisy is the act of claiming moral standards to which one's own behavior does not conform. Instances of hypocrisy, such as the supposedly green furnishing group IKEA's selling of furniture made from illegally felled wood, are frequently reported in the media. In a controlled and incentivized...
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