Archivio per 27 gennaio 2015

27
Gen
15

Feedback and Emotions in the Trust Game

See on Scoop.itBounded Rationality and Beyond
Feedback and Emotions in the Trust GameWe conduct an experiment on the impact of feedback in the Trust Game. In our treatment group, the Trustee has the opportunity to give feedback to the Investor (free in choice of wording and contents). The feedback option is found to reduce the share of Investors who sent no resources to the Trustee, while the impact on average behavior is less pronounced. The notion proposed by Xiao and Houser (2005, PNAS) according to which verbal feedback and monetary sanctions are substitutes is not supported. We use the PANAS-scale (Mackinnon et al., 1999) to capture change in subjects’ short-run affective state during the experiment. Receiving feedback has an impact on the Investors’ short-run affective state but giving feedback is not found to have an effect on Trustees’ short-run affective state.   
See on uni-marburg.de

Annunci
27
Gen
15

Factors influencing the purchase and consumers’ willingness to pay for ground bison

See on Scoop.itBounded Rationality and Beyond

A consumer preference study that included willingness to pay and consumer sensory experiments was conducted for ground bison versus ground beef. A total of 82 subjects completed the study. The initial statistical analysis suggest that there is consistent consumer behavior with respect to consumer preference and frequency of consumption within species consumption options, but consistent consumer behavior appears to weaken when across species consumption preferences is compared to across species frequency of consumption patterns.

See on ageconsearch.umn.edu

27
Gen
15

Nudging Energy Efficiency Behavior: The Role of Information Labels

See on Scoop.itBounded Rationality and Beyond
Abstract: We use choice experiments and randomized information treatments to study the effectiveness of alternative energy efficiency labels in guiding households’ energy efficiency decisions. We disentangle the relative importance of different types of information and distinguish it from intertemporal behavior. We find that insufficient information can lead to considerable undervaluation of energy efficiency. Simple information on the monetary value of energy savings was the most important element guiding cost-efficient energy efficiency investments, with information on physical energy use and carbon dioxide emissions having additional but lesser importance. The degree to which the current US EnergyGuide label guided cost-efficient decisions depends on the discount rate. Using elicited individual discount rates, the current EnergyGuide label came very close to guiding cost-efficient decisions. Using a uniform 5% discount rate, the current label led to one-third undervaluation of energy efficiency. Our results reinforce the centrality of discounting in understanding individual behavior and guiding policy.
See on econpapers.repec.org




Time is real? I think not

gennaio: 2015
L M M G V S D
« Dic   Feb »
 1234
567891011
12131415161718
19202122232425
262728293031  

Commenti recenti

Lorenzo Bosio su Un testo che trascende le sue…

Inserisci il tuo indirizzo e-mail per iscriverti a questo blog e ricevere notifiche di nuovi messaggi per e-mail.

Segui assieme ad altri 1.040 follower

Latest Tweets

Annunci

%d blogger hanno fatto clic su Mi Piace per questo: