Alexander K. Koch

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In game theory, preferences and beliefs are typically treated as independent ingredients of best-response behavior. However, beliefs and preferences themselves are likely to interact and this has important implications for the interpretation of observed behavior. Our sequential social dilemma experiment allows to separate different interaction channels. We(More)
JEL classification: D03 D81 D91 Keywords: Quasi-hyperbolic discounting Reference-dependent preferences Self-control Self-rewards Goals a b s t r a c t Self-administered rewards are ubiquitous. They serve as incentives for personal accomplishments and are widely recommended to increase personal motivation. We show that in a model with time-inconsistent and(More)
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