Unlabelled: We report the results of an experiment on how individual risk taking clusters together when subjects are informed of peers' previous risk taking decisions. Subjects are asked how much of their endowment they wish to allocate in a lottery in which there is a 50% chance the amount they invest will be tripled and a 50% chance their investment will be lost. We use a 2 × 2 factorial design varying: (i) whether the subjects initially observed high or low investment social anchors, (ii) whether information about the investment decisions of other subjects in their social group is provided.
View Article and Find Full Text PDFWe propose a triple test to evaluate the usefulness of behavioral economics models for public health policy. Test 1 is whether the model provides reasonably new insights. Test 2 is on whether these have been properly applied to policy settings.
View Article and Find Full Text PDFIncreasing the perception of legal risk via publicized litigation and lobbying for copyright law enforcement has had limited success in reducing unlawful content sharing by the public. We consider the extent to which engaging in file sharing online is motivated by the perceived benefits of this activity as opposed to perceived legal risks. Moreover, we explore moderators of the relationship between perceived risk and perceived benefits; namely, trust in industry and legal regulators, and perceived online anonymity.
View Article and Find Full Text PDFWe present the results of an experiment that (a) shows the usefulness of screening out drop-outs and (b) tests whether different methods of payment and reminder intervals affect charitable giving. Following a lab session, participants could make online donations to charity for a total duration of three months. Our procedure justifying the exclusion of drop-outs consists in requiring participants to collect payments in person flexibly and as known in advance and as highlighted to them later.
View Article and Find Full Text PDFWe employ a scoping review methodology to consider and assess the existing evidence on the determinants of unlawful file sharing (UFS) transparently and systematically. Based on the evidence, we build a simple conceptual framework to model the psychological decision to engage in UFS, purchase legally or do nothing. We identify social, moral, experiential, technical, legal and financial utility sources of the decision to purchase or to file share.
View Article and Find Full Text PDFSelf-experimentation is uncommon in the decision sciences, but mental experiments are common; for example, intuition and introspection are often used by theoretical economists as justifications for their models. While introspection can be useful for the generation of ideas, it can also be overused and become a comfortable illusion for the theorist and an obstacle for science.
View Article and Find Full Text PDFFive studies investigated the conjunction effect (or conjunction fallacy), in which participants report that the conjunction of two events is more rather than less likely than one of the events alone. There was no evidence that feedback or monetary reinforcement for correct answers affected students' performance on conjunction problems. Under some circumstances the context in which the conjunction problem was presented (after questions emphasizing logic or questions emphasizing opinions) affected occurrence of the effect.
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