Florian Stolley

Florian Stolley

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Research Focus & Metrics

Academic Career Length

13Years (2014-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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20 May 2018 in Games
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Journal Article
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LBLisa Bruttel
Lisa Bruttel
FSFlorian Stolley
Florian Stolley
This paper studies the effects of two different frames on decisions in a dictator game. Before making their allocation decision, dictators read a short text. Depending on the treatment, the text either emphasizes their decision power and freedom of choice or it stresses their responsibility for the receiver’s payoff. Including a control treatment without such a text, three treatments are conducted with a total of 207 dictators. Our results show a different reaction to these texts depending on the dictator’s gender. We find that only men react positively to a text that stresses their responsibility for the receiver, while only women seem to react positively to a text that emphasizes their decision power and freedom of choice.

18 November 2014 in Wirtschaftsdienst
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Journal Article
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LBLisa V. Bruttel
Lisa V. Bruttel
FSFlorian Stolley
Florian Stolley
WGWerner Güth
Werner Güth
HKHartmut Kliemt
Hartmut Kliemt
SBSteven Bosworth
Steven Bosworth
LFLothar Funk
Lothar Funk
Die Verhaltensökonomie und ihre praktischen Implikationen geraten immer stärker in den Fokus auch der deutschen Politik. Individuelle Entscheidungen sollen im Sinne eines „libertären Paternalismus“ „sanft“ beeinflusst werden. Die „Nudges“ bestehen in Standardvorgaben, Selbstbindungen und der Informationsbereitstellung. Deren Anwendung setzt allerdings die Klärung einiger Fragen voraus: Wer darf sich anmaßen, für die Wirtschaftssubjekte „kluge“ Entscheidungen zu treffen? Bei welchen Entscheidungen sind Eingriffe einer anderen Instanz begründbar? Mit welchem Zeithorizont und aufgrund welcher Wohlfahrtsüberlegungen wird eine Entscheidung als „richtig“ definiert? Welcher Rationalitätsbegriff steht hinter dem Konzept? Behavioural economics and economic experiments can offer valuable insights to policymakers. Liberal or soft paternalism assumes that governmental nudging through the conscious setting of defaults in order to overcome potential behavioural anomalies can lead to better outcomes without giving up basic freedom of choice. Some authors recommend state interventions to prevent commercial firms from exploiting the effects of nudges, in particular through the use of defaults. They consider it necessary to create mandatory rules for how the nudging is permitted to be done. The state must decide on the scope and limits of the commitment power it grants to individuals. The danger of nudging is that information asymmetries can be used in order to manipulate people. The authors see nudges in the form of information provision and those for voluntarily improving self-control as useful. Educating individuals about the pitfalls of rational decision-making and using individual-level private mechanisms to avoid such pitfalls is put forward as a promising approach. Regarding paternalism as well as soft paternalism as enemies to freedom, liberal economists reject such state interference.

17 November 2017 in Wirtschaftsdienst
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Journal Article
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LBLisa V. Bruttel
Lisa V. Bruttel
FSFlorian Stolley
Florian Stolley
Der diesjährige Nobelpreisträger Richard H. Thaler ist einer breiteren Öffentlichkeit vor allem durch sein mit Cass R. Sunstein gemeinsam verfasstes Buch zum Nudging bekannt geworden. Tatsächlich hat er in den vergangenen 40 Jahren die Entwicklung der Verhaltensökonomie entscheidend mitgeprägt und vorangebracht. Thaler hat die Annahmen hinter dem Modell des Homo oeconomicus untersucht und die Abweichungen menschlichen Verhaltens von den Rationalitätsannahmen auf zwei wesentliche Ursachen zurückgeführt: kognitive Einschränkungen und Mängel bei der Selbstkontrolle. Neben den Rationalitätsannahmen beziehen sich seine Forschungen aber auch auf Überlegungen zur Grundhaltung von Wirtschaftssubjekten gegenüber anderen und deren Auswirkungen auf ihr wirtschaftliches Handeln. Richard H. Thaler was awarded this year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel “for his contributions to behavioural economics”. He studied systematic departures of human behaviour from the standard “homo oeconomicus” assumption. His famous work on boundedly rational behaviour considers both cognitive limitations and limited self-control. The cognitive limitations he studied are in particular the endowment effect, i.e. the observation that individuals assign a higher value to an object if they possess it, and mental accounting, a collection of theories regarding how individuals think about money. Furthermore, he provided path-breaking evidence on the nature of social preferences, which laid the groundwork for the development of several widely used economic theories incorporating altruism, fairness and reciprocity.