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Are the Japanese unique? : evidence from household saving and bequest behavior
Horioka, Charles - 2016
trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that … by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year …
Persistent link: https://www.econbiz.de/10011478422
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On rational choice and the representation of decision problems
Oliva, Paulo; Zahn, Philipp - In: Games 12 (2021) 4, pp. 1-21
In economic theory, an agent chooses from available alternatives-modeled as a set. In decisions in the field or in the lab, however, agents do not have access to the set of alternatives at once. Instead, alternatives are represented by the outside world in a structured way. Online search results...
Persistent link: https://www.econbiz.de/10012698098
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Developing advocacy strategies for avoiding dicourse failure through moralizing and emotionalizing campaigns
Will, Matthias Georg; Pies, Ingo - 2019
In den letzten Jahren entwickelte sich eine lebhafte Debatte, wie NGOs ineffizientes Verhalten sowie Reputationsprobleme besser in den Griff bekommen können. Ein großer Teil dieser Debatte konzentrierte sich auf Accountability-Standards. Allerdings weisen diese Maßnahmen eine ernstzunehmende...
Persistent link: https://www.econbiz.de/10012014987
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Why is satisfaction from pro-environmental behaviors increasing in costs? : insights from the rational-choice decision-error framework
Welsch, Heinz - 2023
The literature on subjective well-being (SWB) and the environment has found robust evidence of positive net marginal SWB from pro-environmental behavior (PEB), that is, positive marginal SWB net of the associated costs in terms of money, time and effort (Finding 1). Accordingly, people could...
Persistent link: https://www.econbiz.de/10014283751
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Investors' expertise, personality traits and susceptibility to behavioral biases in the decision making process
Rzeszutek, Marcin; Szyszka, Adam; Czerwonka, Monika - In: Contemporary economics 9 (2015) 3, pp. 337-352
The aim of this paper is to investigate the degree of susceptibility to behavioral biases (the certainty effect, the sunk cost fallacy, and mental accounting) among people of various levels of expertise in market investments and to determine whether this susceptibility is correlated with certain...
Persistent link: https://www.econbiz.de/10011392293
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The standard model of rational risky decision-making
Falahati, Kazem - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-22
Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under risky conditions. EUT uses a theoretical device called von Neumann-Morgenstern utility function, where concepts of function and random variable are employed in their...
Persistent link: https://www.econbiz.de/10012520657
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Fast then slow : a choice process explanation for the attraction effect
Gaudeul, Alexia; Crosetto, Paolo - 2019
In this paper we provide choice-process experimental evidence that the attraction effect is a short-term phenomenon, that disappears when individuals are given time and incentives to revise their choices. The attraction (or decoy) effect is the most prominent example of context effects, and it...
Persistent link: https://www.econbiz.de/10012135537
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What Simon says
Heukelom, Floris - 2006
degree of rationality that is higher than which can be attained by the individual. In this realm his main preoccupation are …
Persistent link: https://www.econbiz.de/10011350370
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How are preferences revealed?
Beshears, John; Choi, James J.; Laibson, David I.; … - 2008
Persistent link: https://www.econbiz.de/10003716027
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Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning
Brown, Jeffrey R. - 2010
This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement. It then contrasts these findings with the empirical findings that so few consumers behave in a...
Persistent link: https://www.econbiz.de/10012759761