Fujikawa, Takemi and Kobayashi, Yohei (2010): The effects of background music and sound in economic decision making: Evidence from a laboratory experiment.
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This paper experimentally studies the effects of background music and sound on the preference of the decision makers for rewards in pairwise intertemporal choice tasks and lottery choice tasks. The participants took part in the current experiment, involving four treatments: (1) the familiar music treatment; (2) the unfamiliar music treatment; (3) the noise treatment and (4) the no music treatment. The experimental results confirm that background noise affects human performance in decision making under risk and intertemporal decision making, though the results do not indicate the significant familiarity effect that is a change of the preference in the presence of familiar background music and sound.
|Item Type:||MPRA Paper|
|Original Title:||The effects of background music and sound in economic decision making: Evidence from a laboratory experiment|
|Keywords:||Allais-type preferences; choice under risk; intertemporal choice; the familiarity effect|
|Subjects:||D - Microeconomics > D0 - General > D03 - Behavioral Microeconomics: Underlying Principles
C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C91 - Laboratory, Individual Behavior
|Depositing User:||Takemi Fujikawa|
|Date Deposited:||23. Jun 2010 06:35|
|Last Modified:||19. May 2015 17:13|
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