Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/196751 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 12253
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
Viewed through the lens of the prominent two-system model of decision making, behavioral economics is seen as studying the tension between impulses (System 1) and rationality (System 2). In this context, two strategies, "de-biasing" informing agents of their biases and "counter-biasing" using "nudges" to activate biases to positively influence choice, have improved the welfare of behavioral agents. We advance the notion of counter-biasing by demonstrating that one bias (present bias) can be pit against another (choking at high stakes) to counteract the ill effects of the second. Our results demonstrate the potential of counter-biasing as an effective policy tool.
Schlagwörter: 
behavioral economics
counter-biasing
present bias
choking
experiment
JEL: 
C91
D91
M52
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
847.58 kB





Publikationen in EconStor sind urheberrechtlich geschützt.