Habits as adaptations: an experimental study
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F18%3A00497213" target="_blank" >RIV/67985998:_____/18:00497213 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Habits as adaptations: an experimental study
Original language description
Psychologists emphasize two aspects of habit formation: (i) habits arise when the history of andecision process correlates with optimal continuation actions, and (ii) habits alleviate cognitionncosts. We ask whether serial correlation of optimal actions alone induces habits or if, instead,nhabits form as optimal adaptations. We compare lab treatments that differ in the informationnprovided to subjects, holding fixed the serial correlation of optimal actions. We find that pastnactions affect behavior only in the treatment in which this habit is useful. The result suggests that caution is warranted when modeling habits via a fixed utility over action sequences.
Czech name
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Czech description
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Classification
Type
O - Miscellaneous
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů