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We experimentally investigate (i) whether markets accurately assess the ability of decision makers when these decision … makers benefit from positive assessments and (ii) how decision makers use a costly decision and cheap-talk statements to … impress markets. We focus on committees of decision makers to use their conversations as a source of information about their …
Persistent link: https://www.econbiz.de/10012898262
I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …
Persistent link: https://www.econbiz.de/10010364762
order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …
Persistent link: https://www.econbiz.de/10010425055
intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition …
Persistent link: https://www.econbiz.de/10011723505
substantial extent the presence of decoys subtly makes decision-makers choose against their risk preferences by favoring lotteries …
Persistent link: https://www.econbiz.de/10011642790
experiment where we incentivize choice, vary the difference in utility between options and track which option participants …
Persistent link: https://www.econbiz.de/10012135537
/acquisition (i.e., deliberation). As predicted, when lottery pairing was known, experiment participants exhibited substantially less …
Persistent link: https://www.econbiz.de/10013211927
behavior in many important domains such as financial decision-making. However, there is little empirical evidence on its causes … which a decision-maker has difficulties assigning a single probability to each possible event - as a potential determinant …. Using an experiment, I exogenously vary the degree of ambiguity while eliciting measures of likelihood insensitivity and …
Persistent link: https://www.econbiz.de/10013163191
intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition …
Persistent link: https://www.econbiz.de/10012945055
historical perspective and link our findings to a suggestion as to how decision theory could make use of it today. We emphasize …, with how it generally came to function within decision theory from the late 1970s onwards: that is, as an empirical … experimental definition of rationality", this new use consists in letting the experiment itself speak of the rationality or …
Persistent link: https://www.econbiz.de/10012120707