Open AccessPosted Content
Homo economicus evolves
Steven D. Levitt,John A. List +1 more
TLDR
This paper showed that behavior in the lab might be a poor guide to real-world behavior, and that behavioral models can benefit from incorporating insights from psychology, but behavioral models may not be a good fit for real world behavior.Abstract:
Economic models can benefit from incorporating insights from psychology, but behavior in the lab might be a poor guide to real-world behavior.read more
Citations
More filters
Book
Nudge: Improving Decisions About Health, Wealth, and Happiness
TL;DR: In Nudge as discussed by the authors, Thaler and Sunstein argue that human beings are susceptible to various biases that can lead us to blunder and make bad decisions involving education, personal finance, health care, mortgages and credit cards, the family, and even the planet itself.
Journal ArticleDOI
Conditional cooperation and costly monitoring explain success in forest commons management.
TL;DR: Experimental measures of conditional cooperation and survey measures on costly monitoring among 49 forest user groups in Ethiopia with measures of natural forest commons outcomes show that groups vary in conditional cooperation, groups with larger conditional cooperator share are more successful in forest commons management, and costly monitoring is a key instrument with which conditional cooperators enforce cooperation.
Journal ArticleDOI
Is Tiger Woods Loss Averse? Persistent Bias in the Face of Experience, Competition, and High Stakes
TL;DR: This article found evidence that even the best golfers -including Tiger Woods - show evidence of loss aversion in their performance on the PGA Tour, where golfers are rewarded for the total number of strokes they take during a tournament and each individual hole has a salient reference point, par.
Journal ArticleDOI
The promise and success of lab-eld generalizability in experimental economics: A critical reply to Levitt and List
TL;DR: In this paper, the authors argue that the experimental features that could threaten lab-field generalizability are not essential for all lab experiments, except for obtrusiveness, because of human subjects protection.
Journal ArticleDOI
Commitment and Behavior Change: Evidence from the Field
TL;DR: In this article, the effect of hotel guests' commitment to practice environmentally friendly behavior during their stay was examined, and it was found that when guests made a brief but specific commitment at check-in, and received a lapel pin to symbolize their commitment, they were over 25% more likely to hang at least one towel for reuse, and this increased the total number of towels hung by over 40%.
References
More filters
疟原虫var基因转换速率变化导致抗原变异[英]／Paul H, Robert P, Christodoulou Z, et al//Proc Natl Acad Sci U S A
TL;DR: PfPMP1）与感染红细胞、树突状组胞以及胎盘的单个或多个受体作用，在黏附及免疫逃避中起关键的作�ly.
Journal ArticleDOI
A Behavioral Model of Rational Choice
TL;DR: In this article, a model for the description of rational choice by organisms of limited computational ability is proposed, and the model is used to describe rational choice in organisms with limited computational abilities.
Journal ArticleDOI
A Theory of Fairness, Competition and Cooperation
TL;DR: This article showed that if a fraction of the people exhibit inequality aversion, stable cooperation is maintained although punishment is costly for those who punish, and they also showed that when they are given the opportunity to punish free riders, stable cooperations are maintained.
Journal ArticleDOI
Golden Eggs and Hyperbolic Discounting
TL;DR: The authors analyzes the decisions of a hyperbolic consumer who has access to an imperfect commitment technology: an illiquid asset whose sale must be initiated one period before the sale proceeds are received.
Posted Content
Incorporating Fairness into Game Theory and Economics
TL;DR: In this article, it is shown that every mutual-max or mutual-min Nash equilibrium is a fairness equilibrium, and that if payoffs are small, fairness equilibria are roughly the set of mutualmax and mutualmin outcomes; if payoff are large, fairness equilibrium are roughly a set of Nash equilibra.