Despite decades of research on heuristics and biases, evidence on the effect of large
incentives on cognitive biases is scant. We test the effect of incentives on four widely …

Using micro‐data from the Household, Income and Labour Dynamics in Australia Survey,
and the Oaxaca–Blinder decomposition technique, this paper examines the determinants of …

In this study, the existence of anchoring bias—people's tendency to rely on, evaluate, and
decide based on the first piece of information they receive—is examined in two multi …

The social and economic sciences are grounded on the basic assumption that social life,
decision-making behavior, and consciousness are classical physical and therefore material …

Analyzing 8169 contestants over 32 years of the US game show Jeopardy!, we find that
women compete more aggressively, become (marginally) more competitive, and take on …

Objective: this paper analyzes how framing, anchoring, and certainty effects may affect the
behavior of the consumer of auto insurance. Methods: an experiment was carried out, with …

This paper explores the classic beauty premium paradigm in the eSports Overwatch
League. Using two-step probit selection models and unsupervised machine learning …

Low‐and moderate‐income households often struggle to save, but the annual tax refund
represents a prime opportunity for these households to save toward their financial goals or …

Anchoring impacts risk-taking decisions. This paper provides experimental evidence (n=
744) that (social) anchors shift the Prospect Theory's value function (Kahneman and …

In experiments where participants value objects, it is well known that their appraisals can be
systematically affected by irrelevant information; this is known as the anchoring effect. We …