Showing 1 - 10 of 54,853
Research on public-good games reveals greater contributions by fast decision-makers than by slow decision …, we find that fast decision-makers give more than slow decision-makers when the equilibrium is below the mid-point of the …. Consistent with mistakes decreasing with decision time, we find that individuals who make (or have to make) fast decisions are …
Persistent link: https://www.econbiz.de/10012972651
Previous research on public-good games revealed greater contributions by fast decision-makers than by slow decision … location of the equilibrium determines whether contributions are larger for fast decision-makers than for slow decision …-makers. Replicating previous results, we find that fast decision-makers give more than slow decision-makers when the equilibrium is below …
Persistent link: https://www.econbiz.de/10012925616
Persistent link: https://www.econbiz.de/10010488356
Persistent link: https://www.econbiz.de/10012035361
Beliefs are intuitive if they rely on associative memory, which can be described as a network of associations between events. A belief-theoretic characterization of the model is provided, its uniqueness properties are established, and the intersection with the Bayesian model is characterized....
Persistent link: https://www.econbiz.de/10012845406
Recent studies suggest that cooperative decision-making in one-shot interactions is a history-dependent dynamic process …: promoting intuition versus deliberation has typically a positive effect on cooperation (dynamism) among people living in a … experiment exploring how these findings transfer to a non-cooperative setting. We find two major results: (i) promoting intuition …
Persistent link: https://www.econbiz.de/10013028985
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10012924978
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10011789104
This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …
Persistent link: https://www.econbiz.de/10013073252
This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …
Persistent link: https://www.econbiz.de/10010188142