Menus of Contracts Determine Sorting Patterns
Publication date: Available online 13 April 2019Source: Journal of Economic PsychologyAuthor(s): Mark Bernard, Thomas Dohmen, Arjan Non, Ingrid RohdeAbstractUsing a real-effort task laboratory experiment, we investigate how the menu of available contracts affects worker self-selection into pay-for-performance contracts based on characteristics such as productivity and risk attitude. We provide evidence that the same contract attracts different types of workers for different sets of available alternatives. This insight, which is consistent with theoretical considerations, is crucial for organizations, because the type of wo...
Source: Journal of Economic Psychology - April 15, 2019 Category: Psychiatry & Psychology Source Type: research
Framing and Salience Effects in Tax Evasion Decisions – An Experiment on Underreporting and Overdeducting
Publication date: Available online 12 April 2019Source: Journal of Economic PsychologyAuthor(s): Martin Fochmann, Nadja WolfAbstractUsing different controlled and incentivized experiments, we analyze whether taxpayers are more willing to evade taxes by underreporting positive income (e.g., business or nonbusiness income) than by overdeducting negative income (e.g., deductions, credits, or losses). We robustly observe an asymmetric tax evasion behavior. Specifically, individuals are less compliant in case of positive income. This result is robust to a variation in which the after-tax payoffs from the cases with positive and...
Source: Journal of Economic Psychology - April 14, 2019 Category: Psychiatry & Psychology Source Type: research
Identity Changes and Well-being Gains of Spending Money on Material and Experiential Consumer Products
Publication date: Available online 11 April 2019Source: Journal of Economic PsychologyAuthor(s): Olaya Moldes, Robin Banerjee, Matthew J. Easterbrook, Peter R. Harris, Helga Dittmar (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - April 12, 2019 Category: Psychiatry & Psychology Source Type: research
On whom would I want to depend; Humans or Computers?
Publication date: Available online 11 April 2019Source: Journal of Economic PsychologyAuthor(s): Mike FarjamAbstractWe study in a laboratory experiment whether humans prefer to depend on decisions of others (Human-Driven Uncertainty) or states generated by a computer (Computerized Uncertainty). The experimental design introduced in this paper is unique in that it introduces Human-Driven Uncertainty such that it does not derive from a strategic context. In our experiment, Human-Driven Uncertainty derives from decisions, which were taken in a morally neutral context and in ignorance of externalities that the decisions may ha...
Source: Journal of Economic Psychology - April 12, 2019 Category: Psychiatry & Psychology Source Type: research
Decision Making for Others Involving Risk: A Review and Meta-Analysis
Publication date: Available online 6 April 2019Source: Journal of Economic PsychologyAuthor(s): Evan Polman, Kaiyang WuAbstractAre choices for others riskier than choices people make for themselves? This question has been asked by economists, psychologists, and other researchers in the social sciences – which has generated a diversity of research accounts and results. For example, a number of studies have found strong instances of a risky shift in choices for others, while other studies have found no such effect or have found that choices for others instead generate a cautious shift. In a meta-analysis of 128 effects fro...
Source: Journal of Economic Psychology - April 8, 2019 Category: Psychiatry & Psychology Source Type: research
Blaming the Refugees? Experimental Evidence on Responsibility Attribution
Publication date: Available online 29 March 2019Source: Journal of Economic PsychologyAuthor(s): Stefan Grimm, Felix KlimmAbstractDo people blame refugees for negative events? We propose a novel experimental paradigm to measure discrimination in responsibility attribution towards Arabic refugees in Germany. Participants in the laboratory experience a positive or negative income shock, which is with equal probability caused by a random draw or another participant’s performance in a real effort task. Responsibility attribution is measured by beliefs about whether the shock is due to the other participant’s performance or...
Source: Journal of Economic Psychology - March 31, 2019 Category: Psychiatry & Psychology Source Type: research
Editorial Board
Publication date: March 2019Source: Journal of Economic Psychology, Volume 71Author(s): (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - March 28, 2019 Category: Psychiatry & Psychology Source Type: research
Editorial: Uncovering Dishonesty
Publication date: March 2019Source: Journal of Economic Psychology, Volume 71Author(s): Marco Piovesan, Ingo Zettler (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - March 28, 2019 Category: Psychiatry & Psychology Source Type: research
Gender Robustness of Overconfidence and Excess Entry
Publication date: Available online 26 March 2019Source: Journal of Economic PsychologyAuthor(s): Katarína Danková, Maroš ServátkaAbstractCamerer and Lovallo (1999; henceforth CL) present thought-provoking experimental evidence that overconfidence might lead to excess entry into markets. As their findings are based on the majority of sessions exclusively consisting of male participants, we conduct two experiments in an attempt to replicate their study while including both men and women in all of our sessions. Our Experiment 1 closely follows CL’s design whereas Experiment 2 employs a gender-neutral addition task and p...
Source: Journal of Economic Psychology - March 27, 2019 Category: Psychiatry & Psychology Source Type: research
How outcome uncertainty, loss aversion and team quality affect stadium attendance in Dutch professional football
Publication date: Available online 19 March 2019Source: Journal of Economic PsychologyAuthor(s): Lucas M. Besters, Jan C. van Ours, Martin A. van TuijlAbstractWe investigate stadium attendance in the highest level of Dutch professional football for the seasons 2000/01 – 2015/16 focusing on outcome uncertainty, loss aversion and team quality. We find that for individual football matches, attendance is related to reference-dependent preferences with loss aversion dominating the preference for uncertain outcomes. Furthermore, team quality is an important determinant of stadium attendance. Towards the end of the season, outc...
Source: Journal of Economic Psychology - March 20, 2019 Category: Psychiatry & Psychology Source Type: research
Unethical Behavior and Group Identity in Contests
Publication date: Available online 18 March 2019Source: Journal of Economic PsychologyAuthor(s): Julien Benistant, Marie Claire VillevalAbstractUsing a real-effort experiment, we study whether group identity affects unethical behavior in a contest game. We vary whether minimal group identity is induced or not, whether individuals have to report their own outcome or the outcome of their competitor, and whether pairs of competitors share the same group identity or not. We show that individuals misreport in the same proportion and to the same extent by inflating their outcome or by decreasing their opponent’s outcome, excep...
Source: Journal of Economic Psychology - March 18, 2019 Category: Psychiatry & Psychology Source Type: research
Book Review on “Behavioral Economics: Toward a New Economics by Integration with Traditional Economics”.
Publication date: June 2019Source: Journal of Economic Psychology, Volume 72Author(s): Shinsuke Ikeda (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - March 14, 2019 Category: Psychiatry & Psychology Source Type: research
Reaching for the star ratings: A Bayesian-inspired account of how people use consumer ratings
Publication date: Available online 2 March 2019Source: Journal of Economic PsychologyAuthor(s): Janine Christin Hoffart, Sebastian Olschewski, Jörg RieskampAbstractOnline consumer ratings provide information about the average evaluation but also about the number of people who provided a rating (i.e., the sample size) and thus the rating’s reliability. Using aggregated data, previous research has provided mixed results with regards to whether people pay attention to the sample size of statistical information. In our experiment, people choose between two competing hotels based on previous visitors’ ratings. For each ind...
Source: Journal of Economic Psychology - March 4, 2019 Category: Psychiatry & Psychology Source Type: research
Applications of Sports Data to Study Decision Making
Publication date: Available online 23 February 2019Source: Journal of Economic PsychologyAuthor(s): Loukas Balafoutas, Subhasish M. Chowdhury, Henning PlessnerAbstractThe features and determinants of human decision making, especially under competitive environments, have been a central theme of research in economics and psychology alike. This special issue centers on applying sports data to understand behavior and decision making in competitive environments. In particular, we assemble original research with sports data that provides us with insights into hitherto unanswered questions relating to various strategic and psycho...
Source: Journal of Economic Psychology - February 25, 2019 Category: Psychiatry & Psychology Source Type: research
Book Review on Behavioral Economics Toward a New Economics by Integration with Traditional Economics
Publication date: Available online 22 February 2019Source: Journal of Economic PsychologyAuthor(s): Shinsuke Ikeda (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - February 23, 2019 Category: Psychiatry & Psychology Source Type: research
