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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
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UID:diw_01.c.371264.de
LOCATION:Eleanor-Dulles-Raum,DIW Berlin im Quartier 110,5.2.010,Anton-Wilhelm-Amo-Straße 58,10117 Berlin
SUMMARY:Preference for consistency 
DESCRIPTION:13:15-14:45 // Abstract: This paper studies how a "preference for consistency" can affect economic decision-making. We propose a two-period model of decision-making where people have a preference for consistency because consistent behavior allows them to signal personal and intellectual strength. This creates a trade-off between choosing according to their beliefs and reputational concerns. We then present three experiments that study main predictions and implications of the model.  Results from the experiments suggest that preferences for consistency affect behavior in a systematic way and can provide a powerful channel of social influence.
DTSTART;VALUE=DATE:20110517
DTEND;VALUE=DATE:20110517
DTSTAMP:20110329T220000Z
URL:https://www.diw.de/de/diw_01.c.371264.de/veranstaltungen/preference_for_consistency.html
ORGANIZER;CN=Yun Cao:mailto:ycao@diw.de
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