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emotions to belief-dependant models in economics. We find that - in addition to the positive effect of second-order beliefs and …
Persistent link: https://www.econbiz.de/10010281628
beliefs and actions into the utility function. We test the robustness of two types of intentions-based models (guilt aversion … and reciprocity). In addition to incentivised elicitation of first- and second-order action beliefs, we assess … intentions-based models. Both second-order beliefs and the weighting factor that depends on a participant's sensitivity to guilt …
Persistent link: https://www.econbiz.de/10010281670
, we test the relevance of their input variables (second-order beliefs and general dispositions for guilt/reciprocity). The … data confirm the predictions of belief-dependant models. Both second-order beliefs and a participant's sensitivity to guilt …/reciprocity are relevant for the decisions taken. Second-order beliefs appear to have an inverse U-shaped effect on the extent of kind …
Persistent link: https://www.econbiz.de/10008671387
theory on moral emotions to belief-dependant models in economics. We find that - in addition to second-order beliefs and …
Persistent link: https://www.econbiz.de/10009144133
treatment. After the real effort task subjects were asked to state their retrospective beliefs about their performance in public …
Persistent link: https://www.econbiz.de/10010291831
treatment. After the real effort task subjects were asked to state their retrospective beliefs about their performance in public …
Persistent link: https://www.econbiz.de/10010555243
An advisor is supposed to recommend a financial product in the best interest of her client. However, the best product for the client may not always be the product yielding the highest commission (paid by product providers) to the advisor. Do advisors nevertheless provide truthful advice? If not,...
Persistent link: https://www.econbiz.de/10010269744
The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned,...
Persistent link: https://www.econbiz.de/10010281621
Recent research has cast some doubt on the general validity of outcome-based models of social preferences. We develop a model based on cognitive dissonance that focuses on the importance of self-image. An experiment (a dictator game variant) tests the model. First, we find that subjects whose...
Persistent link: https://www.econbiz.de/10010281679
In two-person generosity games the proposer's agreement payoffis exogenously given whereas that of the responder is endogenouslydetermined by the proposer's choice of the pie size. Earlier resultsfor two-person generosity games show that participants seem to caremore for eciency than for equity....
Persistent link: https://www.econbiz.de/10005870886