This paper presents an alternative interpretation of the experimental data published by Kahneman and Tversky in their 1992 paper describing Cumulative Prospect Theory. It was assumed that mental transformations such as mental adaptation, prospect scaling, and logarithmic perception should be...

Informal caregivers provide valuable services to elderly persons with long-term care needs, but the consequences of caregiving on caregivers are not yet fully understood. This paper illustrates the interrelation between caregiving and caregivers’ labour force participation, cognitive ability,...

While there is a well-established, large positive correlation between mental and physical health and education outcomes, establishing a causal link remains a substantial challenge. Building on findings from the biomedical literature, we exploit specific differences in the genetic code between...

Even though it is still difficult for many to accept that our minds have the ability to influence and acquire information at a distance – that is to say, by unconventional means – there have already been several attempts to apply these abilities. This work provides a review of...

We examine whether gender differences in locus of control (LoC) explain gender gaps in mental health using longitudinal data from the Household, Income and Labour Dynamics in Australia (HILDA) survey. We find that gender differences in LoC is an important factor contributing to the...