For questions about the effects of psychology on the production, distribution, and consumption of goods and services in large populations. For questions about small groups or individuals, consider the tag consumer-psychology.
12
votes
2answers
567 views
What are popular rationalist responses to Tversky & Shafir?
In the early 90s Tversky & Shafir observed several violations of rationality in human participants, in particular violation of the disjunction effect and sure-thing principle. This has lead to ...
11
votes
2answers
434 views
Game-theory strategies to overcome holdout problem?
The hold-out problem often occurs in debt-restructuring or in urban development.
The hold-out problem is defined where an agent, for example a land developer, must negotiate with many lot owners and ...
7
votes
1answer
93 views
A study about preference for making relatively vs. absolute more money?
I remember reading about a study. I forgot the actual details of it, but the gist of it was: people were asked in what situation they would prefer to live, one where they make \$100,000 dollars and ...
7
votes
3answers
41 views
How can you limit excessive risk-taking at the institutional level?
Some firms have a compensation structure that encourages risk-taking while insulating employees from the bad consequences of their decisions. This creates the potential for moral hazard.
I started ...
7
votes
0answers
90 views
Bias towards purchasing tangible vs virtual goods
People have very little hesitation in spending $3 on a coffee once a week, but when it comes to buying things online, such as virtual goods or services, they are often much more reluctant. There is a ...
4
votes
4answers
66 views
What is a good book for studying incentives?
I am looking for a book, which gives a broad overview of all the main theories regarding incentives. Using this book, I would like to further my understanding of things like:
Why slot machines ...
4
votes
1answer
55 views
What was the experiment where a person is given something and then has to share it with another person
Bob is given a bar of chocolate by the experimenter. Then he is to propose how he will share the chocolate with Emilly. If Emilly agrees with Bob's proposal, the kids will each get their share. If ...
3
votes
1answer
52 views
Stiffing the tip as groups get larger … like the prisoner's dilemma but …?
Is there a game theory analysis or other research or modeling describing the commonly perceived phenomenon whereby the amount by which people underpay a gratuity seems to be proportional to the number ...
