Bastien Blain,Laura K Globig,Tali Sharot
Bastien Blain
A critical optimization problem is how to distribute resource consumption over time. Humans tend to value immediate rewards over equivalent future rewards-a phenomenon called temporal discounting. Such imbalance can lead to poor health, edu...
Christian König-Kersting,Stefan T Trautmann
Christian König-Kersting
We study the association of the perseverance of effort and the consistency of interests components of the psychological measure of grit with economic measures of impatience and time inconsistency in the general population. We find that impa...
Effects of E-Cigarette Minimum Legal Sales Ages on Youth Tobacco Use in the United States [0.03%]
美国电子烟最低合法销售年龄规定对青年烟草使用的影响
Michael F Pesko
Michael F Pesko
In the United States, individual states established a minimum legal sale age (MLSA) for e-cigarettes between 2010 and 2016 when a federal MLSA came into place. These policies provide a natural experiment from which we can better understand ...
Monetary values of increasing life expectancy: Sensitivity to shifts of the survival curve [0.03%]
提高预期寿命的货币价值：生存曲线变化的影响分析
James K Hammitt,Tuba Tunçel
James K Hammitt
Individuals' monetary values of decreases in mortality risk depend on the magnitude and timing of the risk reduction. We elicited stated preferences among three time paths of risk reduction yielding the same increase in life expectancy (dec...
On the role of monetary incentives in risk preference elicitation experiments [0.03%]
货币激励在风险偏好实验中的作用分析
Andreas Hackethal,Michael Kirchler,Christine Laudenbach et al.
Andreas Hackethal et al.
Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are...
Risky choice: Probability weighting explains independence axiom violations in monkeys [0.03%]
冒险的选择：概率加权解释了猴子的独立公理违规行为
Simone Ferrari-Toniolo,Leo Chi U Seak,Wolfram Schultz
Simone Ferrari-Toniolo
Expected Utility Theory (EUT) provides axioms for maximizing utility in risky choice. The Independence Axiom (IA) is its most demanding axiom: preferences between two options should not change when altering both options equally by mixing th...
Seen and not seen: How people judge ambiguous behavior during the COVID-19 pandemic [0.03%]
看到与未看到：人们如何在新冠疫情期间评判模棱两可的行为
Andras Molnar,Alex Moore,Carman Fowler et al.
Andras Molnar et al.
How do we judge others' behavior when they are both seen and not seen-when we observe their behavior but not the underlying traits or history that moderate the perceived riskiness of their behavior? We investigate this question in the conte...
Christina McGranaghan,Steven G Otto
Christina McGranaghan
We experimentally test for the role of choice uncertainty in generating "endowment effects" - the robust empirical finding that endowing participants with an item raises their reported valuation relative to participants being asked to purch...
The limits of reopening policy to alter economic behavior: New evidence from Texas [0.03%]
重新开放政策改变经济行为的局限性：来自德克萨斯州的新证据
Dhaval Dave,Joseph J Sabia,Samuel Safford
Dhaval Dave
In the midst of mass COVID-19 vaccination distribution efforts in the U.S. Texas became the first state to abolish its mask mandate and fully lift capacity constraints for all businesses, effective on March 10, 2021. Proponents claimed that...
Jesper Akesson,Sam Ashworth-Hayes,Robert Hahn et al.
Jesper Akesson et al.
Little is known about how people's beliefs concerning the Coronavirus Disease 2019 (COVID-19) influence their behavior. To shed light on this, we conduct an online experiment ( n = 3 , 610 ) with US and UK residents. Participants are rando...