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Several recent models of choice build on the idea that decision makers are more likely to choose an option if its attributes stand out compared to the attributes of the available alternatives. One example is the model of focusing by Köszegi and Szeidl (2013) where decision makers focus...
Persistent link: https://www.econbiz.de/10013208758
changing preferences and focusing attention. The resulting Limited Attention Status Quo Bias model can explain both the finding … of decision avoidance are inconsistent with the latter. We report the results of laboratory experiments which show that … both attention and preference channels are necessary to explain the impact of status quo on choice. …
Persistent link: https://www.econbiz.de/10011526710
We examine in controlled experiments how individuals make choices when faced withmultiple options. The choice tasks …
Persistent link: https://www.econbiz.de/10009302527
laboratory experiments, I provide causal evidence that demand for a product is lower if its customer base consists of individuals …
Persistent link: https://www.econbiz.de/10012315963
"undesirable" values. In laboratory experiments and surveys, I provide causal evidence that consumption can be diagnostic of …
Persistent link: https://www.econbiz.de/10013285524
We study the origins of support for gender-related affirmative action (AA) in two pre-registered online experiments (N … treatments to disentangle the preference for AA stemming from i) perceived gender differences in productivity, ii) beliefs about …, despite successfully altering beliefs about expected productivity differences. Our results suggest that AA choice reflects a …
Persistent link: https://www.econbiz.de/10013208898
An important line of recent literature has found gender differences in attitudes toward competition, with men being more likely to choose competitive incentive schemes, even when factors such as ability and risk aversion are controlled for. This paper examines the effect of information on the...
Persistent link: https://www.econbiz.de/10010276874
-armed bandit (probabilistic reversal learning) experiments. To aid in identification and estimation, we use auxiliary measures of … subjects' beliefs, in the form of their eye-movements during the experiment. Our estimated choice probabilities and learning … accordance with current beliefs. Moreover, the beliefs implied by our nonparametric learning rules are closer to those from a …
Persistent link: https://www.econbiz.de/10010277527
We show that a one-off incentive to bias advice has a persistent effect on advisers' own actions and their future recommendations. In an experiment, advisers obtained information about a set of three differently risky investment options to advise less informed clients. The riskiest option was...
Persistent link: https://www.econbiz.de/10011663187
We show that a one-off incentive to bias advice has persistent effects. In an experiment, some advisers were paid a bonus to recommend a lottery which only risk-seeking individuals should choose to a less informed client. Afterwards, they had to choose for themselves and make a second...
Persistent link: https://www.econbiz.de/10011784286