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_____%2F20%3A00525424" target="_blank" >RIV/67985998:_____/20:00525424 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11640/20:00525425
Result on the web
<a href="https://doi.org/10.1016/j.geb.2020.04.013" target="_blank" >https://doi.org/10.1016/j.geb.2020.04.013</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.geb.2020.04.013" target="_blank" >10.1016/j.geb.2020.04.013</a>
Alternative languages
Result language
angličtina
Original language name
Habits as adaptations: an experimental study
Original language description
When observable cues correlate with optimal choices, habit-driven behavior can alleviate cognition costs. We experimentally study the degree of sophistication in habit formation and cue selection. To this end, we compare lab treatments that differ in the information provided to subjects, holding fixed the serial correlation of optimal actions. We find that a particular cue – own past action – affects behavior only in treatments in which this habit is useful. The result suggests that caution is warranted when modeling habits via a fixed non-separable utility. Despite this sophistication, lab behavior also reveals myopia in information acquisition.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
<a href="/en/project/GA16-00703S" target="_blank" >GA16-00703S: Models of Frictional Decision-Making</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Games and Economic Behavior
ISSN
0899-8256
e-ISSN
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Volume of the periodical
122
Issue of the periodical within the volume
July
Country of publishing house
US - UNITED STATES
Number of pages
16
Pages from-to
391-406
UT code for WoS article
000543362400020
EID of the result in the Scopus database
2-s2.0-85085290701