TY - JOUR A1 - Keser, Claudia A1 - Kliemt, Hartmut A1 - Späth, Maximilian T1 - Charitable giving BT - the role of framing and information JF - PLoS ONE N2 - We investigate how different levels of information influence the allocation decisions of donors who are entitled to freely distribute a fixed monetary endowment between themselves and a charitable organization in both giving and taking frames. Participants donate significantly higher amounts, when the decision is described as taking rather than giving. This framing effect becomes smaller if more information about the charity is provided. KW - experimental economics KW - dictator game KW - experimental design KW - labor economics KW - welfare economics KW - language KW - prosocial behavior KW - university laboratories Y1 - 2023 U6 - https://doi.org/10.1371/journal.pone.0288400 SN - 1932-6203 VL - 18 IS - 7 PB - Public Library of Science (PLoS) CY - San Francisco, California ER - TY - RPRT A1 - Späth, Maximilian A1 - Goller, Daniel T1 - Gender differences in investment reactions to irrelevant information T2 - CEPA Discussion Papers N2 - Economic agents often irrationally base their decision-making on irrelevant information. This research analyzes whether men and women react to futile information about past outcomes. For this purpose, we run a laboratory experiment (Study 1) and use field data (Study 2). In both studies, the behavior of men is consistent with falsely assumed negative autocorrelation, often referred to as gambler’s fallacy Women’s behavior aligns with falsely assumed positive autocorrelation, a notion of the hot hand fallacy. On the aggregate, the two fallacies cancel out. Even when individuals are, on average, rational, the biases in the decision-making of subgroups might cause inefficient outcomes. In a mediation analysis, we find that a) the agents stated perceived probabilities of future outcomes are not blurred by irrelevant information and b) about 40 % of the observed biases are driven by differences in the perceived attractiveness of available choices caused by the irrelevant information. T3 - CEPA Discussion Papers - 67 KW - hot hand fallacy KW - gambler’s fallac KW - gender KW - irrelevant information Y1 - 2023 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-606351 SN - 2628-653X IS - 67 ER - TY - RPRT A1 - Späth, Maximilian T1 - It’s me again… Ask Avoidance and the Dynamics of Charitable Giving T2 - CEPA Discussion Papers N2 - Charities typically ask potential donors repeatedly for a donation. These repeated requests might trigger avoidance behavior. Considering that, this paper analyzes the impact of offering an ask avoidance option on charitable giving. In a proposed utility framework, the avoidance option decreases the social pressure to donate. At the same time, it induces feelings of gratitude toward the fundraiser, which may lead to a reciprocal increase in donations. The results of a lab experiment designed to disentangle the two channels show no negative impact of the option to avoid repeated asking on donations. Instead, the full model indicates a positive impact of the reciprocity channel. This finding suggests that it might be beneficial for charities to introduce an ask avoidance option during high-frequency fundraising campaigns. T3 - CEPA Discussion Papers - 38 KW - Charitable giving KW - Repeated request KW - Ask avoidance KW - Experiment Y1 - 2021 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus4-520991 SN - 2628-653X IS - 38 ER -