Spiros Bougheas,Jeroen Nieboer,Martin Sefton
Spiros Bougheas
We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare consultation to two benchmark treatments: one with isolated individual choices, and a seco...
Computerizing Audit Studies [0.03%]
审计研究的计算机化
Joanna N Lahey,Ryan A Beasley
Joanna N Lahey
This paper briefly discusses the history, benefits, and shortcomings of traditional audit field experiments to study market discrimination. Specifically it identifies template bias and experimenter bias as major concerns in the traditional ...
Simplification and Saving [0.03%]
简化与节约政策
John Beshears,James J Choi,David Laibson et al.
John Beshears et al.
The daunting complexity of important financial decisions can lead to procrastination. We evaluate a low-cost intervention that substantially simplifies the retirement savings plan participation decision. Individuals received an opportunity ...
Self-Serving Altruism? The Lure of Unethical Actions that Benefit Others [0.03%]
利他之下的自我服务——不道德行为吸引他人的陷阱分析
Francesca Gino,Shahar Ayal,Dan Ariely
Francesca Gino
In three experiments, we propose and find that individuals cheat more when others can benefit from their cheating and when the number of beneficiaries of wrongdoing increases. Our results indicate that people use moral flexibility to justif...
Anthony Biglan,Christine Cody
Anthony Biglan
This paper describes an evolutionary perspective on human development and wellbeing and contrasts it with the model of self-interest that is prominent in economics. The two approaches have considerably different implications for how human w...
Jay Bhattacharya,Dana Goldman,Neeraj Sood
Jay Bhattacharya
We construct and implement a test of rational consumer behavior in a high-stakes financial market. In particular, we test whether consumers make systematic mistakes in perceiving their mortality risks. We implement this test using data from...
Loukas Balafoutas,Rudolf Kerschbamer,Matthias Sutter
Loukas Balafoutas
We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-mi...
Tibor Besedeš,Cary Deck,Sudipta Sarangi et al.
Tibor Besedeš et al.
Using paper and pencil experiments administered in senior centers, we examine decision-making performance in multi-attribute decision problems. We differentiate the effects of declining cognitive performance and changing cognitive process o...
Market microstructure matters when imposing a Tobin tax-Evidence from the lab [0.03%]
市场微观结构在托宾税的实施中起作用-来自实验室的证据
Michael Kirchler,Jürgen Huber,Daniel Kleinlercher
Michael Kirchler
TRADING IN FX MARKETS IS DOMINATED BY TWO MICROSTRUCTURES: exchanges with market makers and OTC-markets without market makers. Using laboratory experiments we test whether the impact of a Tobin tax is different in these two market microstru...
John Beshears,Katherine L Milkman
John Beshears
This paper presents evidence that when an analyst makes an out-of-consensus forecast of a company's quarterly earnings that turns out to be incorrect, she escalates her commitment to maintaining an out-of-consensus view on the company. Rela...