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Anticipatory anxiety and wishful thinking
Engelmann, Jan; Lebreton, Maël; Schwardmann, Peter; … - 2019
It is widely hypothesized that anxiety and worry about an uncertain future lead to the adoption of comforting beliefs …
Persistent link: https://www.econbiz.de/10012026094
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Cardiovascular Consequences of Unfair Pay
Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011
This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...
Persistent link: https://www.econbiz.de/10009144731
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Preferences for Consistency
Falk, Armin; Zimmermann, Florian - C.E.P.R. Discussion Papers - 2011
strength. We then present three experiments that study main predictions and implications of the model. The first is a simple …
Persistent link: https://www.econbiz.de/10009293989
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Fair shares and selective attention
Amasino, Dianna; Pace, Davide Domenico; Weele, Joël J. … - 2021 - Revision November 2021
understand the formation of such views and find levers to affect them, we study the role of attention. In a large online … experiment, we investigate how subjects allocate their visual attention to the contributions of merit and luck in the generation … less attention to information about true merit and retain more of the surplus. Both the attentional and behavioral patterns …
Persistent link: https://www.econbiz.de/10012591312
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Deception and self-deception
Schwardman, Peter; Weele, Joël J. van der - 2016
performance in a structured face-to-face interaction. Privately elicited beliefs show that informed participants are 50% more …
Persistent link: https://www.econbiz.de/10011441641
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The Role of Salience in Performance Schemes: Evidence from a Field Experiment
Englmaier, Florian; Roider, Andreas; Sunde, Uwe - C.E.P.R. Discussion Papers - 2012
Incentive schemes affect performance and priorities of agents but, in reality, they can be complicated even for simple tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest in quantity and quality of output. We use data from...
Persistent link: https://www.econbiz.de/10011084038
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A Flexible Test for Present Bias and Time Preferences using Land-Lease Contracts
Gautier, Pieter A; van Vuuren, Aico - C.E.P.R. Discussion Papers - 2011
When agents have present bias, they discount more between now and the next period than between period t ( 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...
Persistent link: https://www.econbiz.de/10009251301
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Are we overdiagnosing mental illnesses? : evidence from randomly assigned doctors
Bos, Marieke; Hertzberg, Andrew; Liberman, Andres - 2021 - This draft: August 2021
Almost two in 10 adults in the U.S. and Europe are, at any moment in time, diagnosed with a mental illness. This paper asks whether mental illness is over- (or under-) diagnosed, by looking at its causal effect on individuals at the margin of diagnosis. We follow all Swedish men born between...
Persistent link: https://www.econbiz.de/10012665941
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Risk Aversion in a Dynamic Asset Allocation Experiment
Brocas, Isabelle; Carrillo, Juan D; Giga, Aleksandar; … - C.E.P.R. Discussion Papers - 2015
We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a safe and a risky asset. We first derive analytically the optimal allocation of an expected utility maximizer with HARA utility function. We then fit the experimental choices to...
Persistent link: https://www.econbiz.de/10011145479
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Organizations, Diffused Pivotality and Immoral Outcomes
Falk, Armin; Szech, Nora - C.E.P.R. Discussion Papers - 2013
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...
Persistent link: https://www.econbiz.de/10011084048