Libertarian paternalism is "the set of interventions aimed at overcoming the unavoidable cognitive biases and decisional inadequacies of an individual by exploiting them in such a way as to influence her decisions (in an easily reversible manner) towards choices that she herself would make if...

This study examines the impact of macroeconomic and ESG (Environmental, Social, and Governance) factors on meat consumption in EU countries through a behavioral economics framework. Using panel data from 27 EU countries (2000-2021), the analysis applies Fixed Effects (FE), Random Effects (RE),...

This study explores the relationship between the daily habits of S&P 500 CEOs and their financial remuneration. Using a mixed-method approach, the research analyzes time allocation across work, sleep, and exercise among 22 CEOs from leading publicly listed U.S. corporations. Regression analysis...

Design elements intended to influence the behavior of users are ubiquitous in smartphone apps. To date, there is no systematic framework that comprises the most common elements and their potential effects and risks to enable the analysis of behavioral design in smartphone apps. Building upon...

We review the economic literature on self-image, which conceptualizes identity as a set of beliefs about one's core traits, values, goals, and social ties. Self-image concerns lead individuals to process information and make choices in non-standard ways that help affirm and protect certain...

Behavioral biases often lead to suboptimal decisions, a vulnerability that extends to policymakers who operate under conditions of fatigue, stress, and time constraints--environments ripe for such biases and with significant implications for public welfare. While behavioral economics offers...

Globalisierung und E-Commerce schaffen neue Möglichkeiten für Verbraucher, führen aber auch zu Ungleichgewichten, da Konsumdaten überwacht und genutzt werden. Die Autonomie der Verbraucher ist gefährdet, während globale Unternehmen gesellschaftliche Rahmenbedingungen gestalten. Der...

Current time allocation and household production models face three major weaknesses: First, they only describe the average time allocation. Thus, information about the order of activities is lost. Therefore, it is impossible to describe the influence of activities on later ones. Such...

Behavioral economics has so far largely avoided discussing the psychological origins of preferences, as well as their relation to needs. This has not only restricted interdisciplinary exchange, but also significantly limits the predictive capabilities of models. For example, the revealed...

We experimentally study how people form predictive models of simple data generating processes (DGPs), by showing subjects data sets and asking them to predict future outputs. We find that subjects: (i) often fail to predict in this task, indicating a failure to form a model, (ii) often cannot...

We study the effects of two widely observed behavioral policy interventions⸻the simplification of complex decisions and the implementation of high-quality defaults. Based on a laboratory experiment featuring a dual-task paradigm, we demonstrate that these policies do not only improve decisions...

Understanding how people behave in strategic settings–where they make decisions based on their expectations about the behavior of others–is a longstanding problem in the behavioral sciences. We conduct the largest study to date of strategic decision-making in the context of initial play in...

Electromobility has achieved a significant breakthrough in recent years, and numerous studies have been carried out in this field. However, the focus has mainly been on technical aspects, and current economic analyses and derived policy implications are based on these technical aspects. With the...

In a pre-registered laboratory asset market study, we investigate dynamics of asset markets with zero (or close to zero) fundamental values. We introduce the "greater fool asset market game" with a zero-value token, whose price doubles in each period. We design several treatments, which differ...

Subjective evaluations in many contexts might be affected by decision-makers' social preferences. To explore this phenomenon, we use data from soccer referees' decisions. According to soccer rules, referees are expected to evaluate each episode independently, without taking into account previous...

Many policy interventions in the environmental sector aim at changing environmental preferences, because these provide the basis for adopting environmental conservation behavior or technologies. To evaluate these changes, standard measurement tools in survey-based impact evaluations have their...

This literature review focuses on cultural-related studies and game theory. First of all, it analyzes how social dynamics and strategic interactions can be shaped by different cultural environments. Secondly, it examines how cultural norms can affect strategic decision making and how game theory...

We present evidence that discrimination against Asian-American Airbnb users sharply increased at the start of the COVID-19 pandemic. Using a DiD approach, we find that hosts with distinctively Asian names experienced a 12 percent decline in guests relative to hosts with distinctively White...

We study the psychological costs of financial constraints and their economic consequences. Using a representative survey of U.S. households, we document the prevalence of financial stress in U.S. households and a strong relationship between financial stress and measures of financial constraints....

Unique administrative data on a representative population's cognitive abilities, spending, and financials reveal that consumers at or below median cognitive abilities barely react when their incentives to spend or borrow change, even if they earn high incomes and are financially unconstrained...

The article discusses the concepts of altruism and prosocial behavior and their importance in interdisciplinary studies of behavioral economics. The basic theoretical models and concepts of altruism in Behavioral Economics are reviewed. Altruism is shown to be a hidden and complicated form of...