Thou shalt not steal: Taking aversion with legal property claims
Publication date: Available online 4 September 2018Source: Journal of Economic PsychologyAuthor(s): Marco Faillo, Matteo Rizzolli, Stephan TontrupAbstractDo people have an innate respect for property? In the literature, there is controversy about whether human subjects are taking averse. We implemented a dictator game with a symmetric action space to address potential misconceptions and framing and demand effects that may be responsible for the contradictory findings. Misconceptions can occur as a result of unclear property rights, while framing and demand effects can occur if anonymity is not preserved. Our paper is the f...
Source: Journal of Economic Psychology - September 5, 2018 Category: Psychiatry & Psychology Source Type: research
The lions–Foxes dilemma: The case of chess tournaments
This study is one of the first to empirically examine such choices and their implications in the context of sporting competitions, specifically chess tournaments in Israel. In chess tournaments, players of medium ranking are often given a choice: to compete against stronger opponents in the main tournament (and likely be at “the back of a pride of lions”) or to compete against weaker opponents in the secondary tournament (and likely be at “the head of a pack of foxes”). Using official chess results provided by the Israeli Chess Federation, we identified the players who were in a position to choose between participa...
Source: Journal of Economic Psychology - August 30, 2018 Category: Psychiatry & Psychology Source Type: research
Beyond the Confines of Choice Architecture: A Critical Analysis
Publication date: Available online 28 August 2018Source: Journal of Economic PsychologyAuthor(s): Björn Meder, Nadine Fleischhut, Magda OsmanAbstractBehavioral science units across the world advise policy makers on the use of ‘nudge’ techniques with the goal to improve health, wealth, and happiness. Nudges use psychology to steer people toward or away from making particular choices by designing choice architectures that frame or highlight options in particular ways. What has been missing from debates on nudging is a systematic consideration of the environments in which they are embedded. We argue that a detailed exami...
Source: Journal of Economic Psychology - August 29, 2018 Category: Psychiatry & Psychology Source Type: research
Lying Through Others: Does Delegation Promote Deception?
We present experiments designed to focus on one of several possible explanations for this intriguing behavior – that delegation reduces lie aversion. The experiments reveal that subjects are more willing to lie through a delegate than to lie directly despite controlling for potential effects of delegated decision-making on preferences over payoffs, probabilities of actions, and/or the desire to avoid taking a decision. (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - August 29, 2018 Category: Psychiatry & Psychology Source Type: research
Task scheduling and performance: evidence from professional surf tournaments
Publication date: Available online 29 August 2018Source: Journal of Economic PsychologyAuthor(s): Gonçalo PinaAbstractTask scheduling can have a major impact on performance and economic outcomes. This paper estimates the causal impact of time between tasks on performance using data from professional surf tournaments. It exploits exogenous variation in surf conditions and predetermined characteristics of the tournament to obtain contests between highly paid professionals that differ with respect to when they last competed. Results show that larger rest times cause an increase in the probability of success. These results ar...
Source: Journal of Economic Psychology - August 29, 2018 Category: Psychiatry & Psychology Source Type: research
Friends for (almost) a Day: Studying Breakaways in Cycling Races
This study is the first to empirically examine breakaway success from this perspective. To this end, we employ a self-compiled, rich data set. We find a positive effect of group size and group strength on breakaway success. The effect of group size is concave (i.e., decreasing in size) and becomes negative when the number of riders in the breakaway exceeds 26. This is in line with the opinion of cycling commentators who believe that breakaways can be both ‘too small’ and ‘too large’ to be successful. Our study contributes to the literature studying social dilemmas in the field and strategic behavior in sports. (Sou...
Source: Journal of Economic Psychology - August 25, 2018 Category: Psychiatry & Psychology Source Type: research
Oligopoly, Auctions and Market Quality, Krishnendu Ghosh Dastidar. Springer Japan, Tokyo (2017). xv+189 pp., €114.39, ISBN: 978-4-431-55395-3
Publication date: Available online 20 August 2018Source: Journal of Economic PsychologyAuthor(s): Steffen Lippert (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - August 20, 2018 Category: Psychiatry & Psychology Source Type: research
Trust and Trustworthiness among Former Child Soldiers: An Experimental Approach
Publication date: Available online 18 August 2018Source: Journal of Economic PsychologyAuthor(s): Melissa R. TrussellAbstractIn this paper, I take an experimental approach to understanding trust and trustworthiness among former child soldiers in Liberia. Liberian participants’ decisions in the standard investment game indicate that former child soldiers do not differ in trusting behavior from either adult soldiers or non-soldiers. However, non-soldiers are less trusting than adult soldiers, and child soldiers are less trustworthy than those who started fighting as adults. In a sample of only former child soldiers, those ...
Source: Journal of Economic Psychology - August 18, 2018 Category: Psychiatry & Psychology Source Type: research
Correcting for bias in hot hand analysis: An application to youth golf
Publication date: Available online 2 August 2018Source: Journal of Economic PsychologyAuthor(s): CHRISTOPHER S. COTTON, FRANK MCINTYRE, ARDYN NORDSTROM, JOSEPH PRICEAbstractThis paper illustrates the problems that arise with traditional tests for the hot hand and proposes instead using a consistent dynamic panel data estimator, which corrects for these problems and is easy to implement. The issue is demonstrated by performing regression analysis on a sample of simulated data for junior golfers that does not include any dependence in a golfer’s performance across holes. The traditional regression analysis finds evidence o...
Source: Journal of Economic Psychology - August 3, 2018 Category: Psychiatry & Psychology Source Type: research
Young adults gamble less when observed by peers
Publication date: October 2018Source: Journal of Economic Psychology, Volume 68Author(s): Agnieszka Tymula, Jackson WhitehairAbstractThe impact of peer presence on the choices made by young people is yet to be fully understood. Using an incentive compatible experiment, we investigate whether: (1) young people’s willingness to accept known and unknown risks varies when in the presence of an observer of the similar age compared to in private and (2) whether these preferences are affected by having observed peer’s decisions. We find that young adults do not gamble more when observed by peers, rather they become more ambig...
Source: Journal of Economic Psychology - July 28, 2018 Category: Psychiatry & Psychology Source Type: research
Individual Contribution in Team Contests
Publication date: Available online 27 July 2018Source: Journal of Economic PsychologyAuthor(s): Antoine Chapsal, Jean-Baptiste VilainAbstractThis paper empirically analyzes team effects in multiple pairwise battles, where players from two rival teams compete sequentially. Using international squash tournaments as a randomized natural experiment, we show that winning the first battle significantly increases the probability of winning the subsequent one. This result contradicts recent theoretical literature on multi-battle team contests, according to which outcomes of past confrontations should not affect the present ones. F...
Source: Journal of Economic Psychology - July 27, 2018 Category: Psychiatry & Psychology Source Type: research
Editorial Board
Publication date: August 2018Source: Journal of Economic Psychology, Volume 67Author(s): (Source: Journal of Economic Psychology)
Source: Journal of Economic Psychology - July 21, 2018 Category: Psychiatry & Psychology Source Type: research
The Effects of Prior Outcomes on Managerial Risk Taking: Evidence from Italian Professional Soccer
Publication date: Available online 20 July 2018Source: Journal of Economic PsychologyAuthor(s): Alessandro Bucciol, Alessio Hu, Luca ZarriAbstractA growing empirical literature documents that managerial risk taking is linked to an individual’s history of relevant personal and professional experiences. Using male soccer data on 32 teams and 2,160 matches covering eight seasons of the Italian premier league (“Serie A”), we provide clean evidence that change in managerial risk taking – proxied by a team coach’s decision to alter the initial system of play in a match – significantly depends on having experienced wi...
Source: Journal of Economic Psychology - July 21, 2018 Category: Psychiatry & Psychology Source Type: research
Incentives to lose revisited: The NHL and its tournament incentives
Publication date: Available online 11 July 2018Source: Journal of Economic PsychologyAuthor(s): Helena FornwagnerAbstractThis paper analyzes data from a tournament, namely the National Hockey League regular scheduled season of games, which provides incentives to increase effort in order to reach the playoffs and incentives to decrease effort once a team has been eliminated from playoff considerations because of the entry draft. Our results show that teams react to these dual incentives - they win more games when there is still a chance to reach the playoffs and lose more after being eliminated from playoff considerations. ...
Source: Journal of Economic Psychology - July 11, 2018 Category: Psychiatry & Psychology Source Type: research
Emotional expressions by sports teams: An analysis of World Cup soccer player portraits
Publication date: Available online 28 April 2018Source: Journal of Economic PsychologyAuthor(s): Astrid Hopfensitz, Cesar MantillaAbstractEmotion display serves as incentives or deterrents for others’ in many social interactions. We study the portrayal of anger and happiness, two emotions associated with dominance, and its relationship to team performance in a high stake environment. We analyze 4318 pictures of players from 304 participating teams in twelve editions (1970–2014) of the FIFA Soccer World Cup, and use automated face-reading (FaceReader 6) to evaluate the display of anger and happiness. We observe that the...
Source: Journal of Economic Psychology - July 10, 2018 Category: Psychiatry & Psychology Source Type: research
