Indicators of trust, confidence, optimism or sentiment among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the future...

If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...

The conventional capital asset pricing model (CAPM) remains the preferred approach to risk management in a wide range of economic settings. At the same time, the neoclassical assumptions underlying the CAPM have come under severe attack by behavioral economics. In sharp contrast with the purely...

Every day, consumers ask sellers for advice. Because they do not or cannot know better, consumers rely on that advice in making financial decisions of varying significance. Sellers, motivated by strong and often conflicting self-interests, are well-positioned to lead consumers to make decisions...

Historically, Black Americans suffered through slavery since the 1700s. They became enslaved and seen as property and not an individual. During those dreadful years, America continuously enforced laws to make sure Black families did not have an ownership or any resource that can transform their...

Angesichts der Erkenntnis, daß trotz eines insgesamt gestiegenen Umweltbewußtseins das Kaufverhalten vieler Konsumenten nur wenig auf die Lösung der Umweltprobleme ausgerichtet ist, kommt der Förderung umweltbewußten Kaufverhaltens als marketing- und verbraucherpolitische Aufgabe besondere...

The focus in this chapter is on the psychological foundation of intertemporal decisions and the consequences for people’s decisions and behaviors. Rather than simply update the numerous excellent past reviews with a focus on the discounting phenomena, the emphasis in this chapter is on recent...