Questions tagged [economics]
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.
27
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0answers
20 views
Does lack of social-economic opportunities for self-realisation and personal growth explain homophobia (at least partly)?
There is strong correlation between acceptance of LGBT in countries and the economic prosperity of the respective countries. As far as I have checked the literature then the mainstream research trend ...
4
votes
1answer
45 views
Why some papers suggest that losses and gains are coded by the same mechanism while other suggest that distinct circuits anticipate gain and loss?
In this paper, it states that "Consistent with neuroimaging evidence suggesting that distinct circuits anticipate gain and loss,..."
However in this paper, it states "..., these results are consistent ...
2
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3answers
150 views
Name of the bias towards not seeing small harm of many as important?
I observe this kind of thinking especially in politics, for instance when someone brings up that "It is fine to take a few dollars from a lot of people if it helps the country". I think the reason we ...
2
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0answers
110 views
What is the relationship between a strong work ethic and an honest reputation and individual success?
We're all being constantly told that strong work ethics, honestly reputation and all similar things is the key and the only key to success. But observation of success of certain politicians, marketing ...
1
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1answer
343 views
Why do people hide wealth?
I was reading about Panama leaks and I was wondering why do people keep their wealth secret? What's the psychology behind it?
6
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1answer
83 views
Why can't subjective utilities take probabilities into account?
If my understanding of expected utility theory is correct,
it is rational for a decision maker to have subjective utilities for objective consequences. For example, it can be rational for a ...
3
votes
0answers
98 views
Research on gift structure and satisfaction: one large gift or two small ones?
I'm familiar with some research into the subject of gift giving, for example Dan Ariely suggests that giving cash is less effective than buying somebody something. Other studies show that money spent ...
7
votes
0answers
216 views
Do Kahneman–Tversky results hold for longer periods and aggregate behavior?
Kahneman and Tversky (1979) show findings that can be summarized in this plot:
They show that humans dislike losses "more" than they like comparable nominal gains. The results come from a series of ...
1
vote
1answer
61 views
How higher/lower taxes can affect reward system and overall satisfaction of someone
I'm curious about how the tax system affects the reward center in the brain and how that influences the perception of happiness with one's life.
My hypothesis is that subject ...
0
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0answers
15 views
Best way to capture effect of making people upset? [duplicate]
I am an undergrad, I am planning to do some research to see how much I enjoy it before I apply for graduate programs.
I am researching the effects of a certain characteristic of a presenter making ...
1
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0answers
80 views
Why does not everyone avoid peak hour rushes? [closed]
We all want/wish to avoid heavily crowded places. There are a few such places we daily encounter - office closing hours traffic, heavy rush at the food counter at lunch time, bank closing hours, ...
13
votes
3answers
597 views
Why do many people play Candy Crush without ever buying anything while some spend all their money on it?
I'm trying to understand how free-to-play games like Candy Crush Saga use existing knowledge of the human brain to keep people engaged and how they convince players to pay money for in-game goods. ...
5
votes
1answer
132 views
List of experiments contradicting the expected utility model
I proposed this question as an example question for the Area51 proposal "Mathematical modeling". User Artem Kaznatcheev suggested that it be asked here too, which I thought was a good idea.
So I am ...
1
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1answer
72 views
Examples of Psychology in Finance
I'm currently taking a course in Risk Management and we have been asked to give a presentation on Psychology and its effect on investment/market behavior. My group has created a solid presentation but ...
4
votes
1answer
99 views
Can we explain the tendency of investors dollar cost averaging in terms of loss aversion?
For those unfamiliar with the term Dollar cost averaging (DCA)
is an investment strategy for reducing the
impact of volatility on large purchases of financial assets such as
equities. By ...
5
votes
1answer
73 views
Are there any agent based cognitive models that are inspired by complex systems studies of ant colonies and economies?
I think that certain aspects of ant colony behavior seem almost like economic decision-making in behavior. There are also links between ant colony optimization and features of the brain like selective ...
6
votes
1answer
359 views
Are people more likely to pick the odd one out?
I was wondering if there has been any research to suggest that when given a list of options to choose from, people are more likely to pick an option if it looks different to the other options? My ...
9
votes
3answers
945 views
Why prefer “99% fat free” to “1% fat”?
In my experience I tend to find low-fat products labelled as "99% fat free" much more often than the equivalent "1% fat".*
Why is this so? To me it seems counter-intuitive, because it reminds me of ...
4
votes
1answer
87 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 ...
12
votes
1answer
920 views
What is the influence of “effort put into pursuing wealth” on happiness?
As presented in the TED talk by Mihaly Csikszentmihalyi (3:30) repeated research has been unable to show a correlation between happiness and level of material wealth (above a certain minimum threshold)...
3
votes
1answer
90 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 ...
7
votes
1answer
106 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 ...
11
votes
1answer
198 views
Bias towards purchasing tangible vs virtual goods
People may 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.
Is ...
19
votes
2answers
2k 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 ...
13
votes
2answers
3k 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 ...
6
votes
4answers
961 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 keeps ...
10
votes
3answers
96 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 ...
