Market experience leaves people less susceptible to economic bias, study finds
Experience in trading changes how the human brain evaluates the sale of goods, muting a well-established economic bias known as the endowment effect, according to researchers at the University of Chicago. (more…)
Experiment involved more than 14 million app players
Discounts tied to buying large quantities of virtual goods have little impact on profitability and do not increase the number of customers making purchases, according to economists at the University of Chicago. (more…)
Given the chance, women are more likely than men to opt out of a request to give a charitable donation, a group of economists have found.
The issue of which gender is more generous has been debated for years. A new field experiment conducted by scholars at the University of Chicago and University of California, Berkeley shows that when it’s easy to avoid making a donation, such as not responding to a door-to-door solicitor, women are less likely than men to give. (more…)
