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Decision-making Procedures: A General Theory and Its Field Experimental Test
Aldashev, Gani; Kirchsteiger, Georg; Sebald, Alexander - C.E.P.R. Discussion Papers - 2009
It is a persistent finding in psychology and experimental economics that people's behavior is not only shaped by outcomes but also by decision-making procedures. In this paper we develop a general framework capable of modelling these procedural concerns. Within the context of psychological games...
Persistent link: https://www.econbiz.de/10005039581
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Good Neighbours / Bad Citizens: Personal Value Priorities of Economists
Gandal, Neil; Roccas, Sonia - C.E.P.R. Discussion Papers - 2002
Several recent studies found that the behaviour of economists was less cooperative than the behaviour of non-economists …. Other studies found, however, that economists behaved no differently than other individuals. In this Paper, we study this … priorities reported by students of economics are different from those reported by students from other fields: Economists …
Persistent link: https://www.econbiz.de/10005498194
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Personal Value Priorities of Economists
Gandal, Neil; Roccas, Sonia; Sagiv, Lilach; … - C.E.P.R. Discussion Papers - 2004
Economists often play crucial roles in designing and implementing public policies; thus it is of importance to better … understand the values that underlie their decisions. We explore the value hierarchies of economists in four studies: The first … organization and work orientation. Taken together, our findings indicate that economists have a distinctive pattern of value …
Persistent link: https://www.econbiz.de/10005504550
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Do Consumers Care About How Prices Are Set?
Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2007
Using a survey approach, we ask consumers to reveal their preferences over pricing schemes that may differ in terms of the average price of consumption, the amount of price variation, and the probability of being rationed. We find that consumers dislike pricing schemes that vary prices more but...
Persistent link: https://www.econbiz.de/10005504691
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Self-Control, Moderate Consumption and Craving
Carrillo, Juan D - C.E.P.R. Discussion Papers - 1998
We analyse the consumption strategy of a dynamically inconsistent individual for goods that provide an immediate benefit and a delayed cost. The agent has incomplete information on the cost inherent to each unit of consumption and partially learns this value anytime he consumes. We show that, by...
Persistent link: https://www.econbiz.de/10005504250
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Cardiovascular Consequences of Unfair Pay
Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011
particular cardiovascular health, and fairness of pay. …
Persistent link: https://www.econbiz.de/10009144731
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What's the monetary value of distributive justice?
Corneo, Giacomo; Fong, Christina - C.E.P.R. Discussion Papers - 2005
differences between types are due to differences in the beliefs about the fairness of the market system, rather than differences …
Persistent link: https://www.econbiz.de/10005792214
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It's All About Connections: Evidence on Network Formation
Falk, Armin; Kosfeld, Michael - C.E.P.R. Discussion Papers - 2003
the 1-way flow model but largely fails in the 2-way flow model. We observe a strong learning dynamic in the 1-way flow …
Persistent link: https://www.econbiz.de/10005792485
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Appropriating the Commons - A Theoretical Explanation
Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001
In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common …
Persistent link: https://www.econbiz.de/10005123667
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The Behavioural Effects of Minimum Wages
Falk, Armin; Fehr, Ernst; Zehnder, Christian - C.E.P.R. Discussion Papers - 2005
The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10005124189