Browsing HKS Faculty Scholarship by Keyword "Decision Making"
Now showing items 1-12 of 12
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The Behavior of Savings and Asset Prices When Preferences and Beliefs are Heterogeneous
(John F. Kennedy School of Government, Harvard University, 2011)Movements in asset prices are a major risk confronting individuals. This paper establishes new asset pricing results when agents differ in risk preference, time preference and/or expectations. It shows that risk tolerance ... -
The CAPS Prediction System and Stock Market Returns
(2009)We analyze the informational content of more than 1.2 million stock picks provided by more than 60,000 individuals from November 1, 2006 to October 31, 2007 on the CAPS open access website created by the Motley Fool company ... -
Consumer Learning and Hybrid Vehicle Adoption
(John F. Kennedy School of Government, Harvard University, 2010)We study the diffusion of hybrid vehicles among consumers. Using data on sales of 11 different models over seven years, we identify the effect of the penetration rate – total cumulative hybrid sales per capita – on new ... -
Consumer Response to Cigarette Excise Tax Changes
(John F. Kennedy School of Government, Harvard University, 2010)We use a rich dataset of weekly cigarette sales to examine how consumers adapt their behavior before and after excise tax increases - whether by reducing demand, stockpiling, traveling to low-tax jurisdictions, or substituting ... -
The Disgust-Promotes-Disposal Effect
(Springer, 2012)Individuals tend toward status quo bias: preferring existing options over new ones. There is a countervailing phenomenon: Humans naturally dispose of objects that disgust them, such as foul-smelling food. But what if the ... -
Dopamine and Risk Choices in Different Domains: Findings Among Series Tournament Bridge Players
(2010)Individuals differ significantly in their willingness to take risks, partly due to genetic differences. We explore how risk taking behavior correlates with different versions of the dopamine receptor D4 gene (DRD4). We ... -
Measuring the Efficacy of Leaders to Assess Information and Make Decisions in a Crisis: The C-LEAD Scale.
(John F. Kennedy School of Government, Harvard University, 2009)Based on literature and expert interviews, we developed the Crisis Leader Efficacy in Assessing and Deciding scale (C-LEAD) to capture the efficacy of leaders to assess information and make decisions in a public health and ... -
The Methodology of Normative Policy Analysis
(John F. Kennedy School of Government, Harvard University, 2011)Policy analyses frequently clash. Their disagreements stem from many sources, including models, empirical estimates, and values such as who should have standing and how different criteria should be weighted. We provide a ... -
Motivating Voter Turnout by Invoking the Self
(National Academy of Sciences, 2011)Three randomized experiments found that subtle linguistic cues have the power to increase voting and related behavior. The phrasing of survey items was varied to frame voting either as the enactment of a personal identity ... -
The Online Laboratory: Conducting Experiments in a Real Labor Market
(John F. Kennedy School of Government, Harvard University, 2010)Online labor markets have great potential as platforms for conducting experiments, as they provide immediate access to a large and diverse subject pool and allow researchers to conduct randomized controlled trials. We argue ... -
Sadness and Consumption
(Elsevier, 2012)Sadness influences consumption, leading individuals to pay more to acquire new goods and to eat more unhealthy food than they would otherwise. These undesirable consumption effects of sadness can occur without awareness, ... -
Shunning Uncertainty: The Neglect of Learning Opportunities
(John F. Kennedy School of Government, Harvard University., 2011)Financial, managerial, and medical decisions often involve alternatives whose possible outcomes have uncertain probabilities. In contrast to alternatives whose probabilities are known, these uncertain alternatives offer ...