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Solving the Yitzhaki Paradox: Income Tax Evasion and Reference Dependence under Prospect Theory

Trotin, Gwenola - HAL - 2012

This paper examines the determinants of tax evasion under prospect theory. For prospect theory, reference dependence is a fundamental element (the utility function depends on gains and losses relative to a reference point and not on final wealths as in expected utility theory). In order to...

Persistent link: https://www.econbiz.de/10010933897

Aspiration Levels and Educational Choices : An experimental study

Page, Lionel; Lévy-Garboua, Louis; Montmarquette, Claude - HAL - 2007

experiment in which they had to perform a task over fifteen stages grouped in three blocks or levels. In order to continue … through the experiment, a minimum level of success was required at the end of each level. Rewards were dependent on the final …, participants in the loss framing group choose to go further in the experiment. There was also a significant and interesting gender …

Persistent link: https://www.econbiz.de/10010750819

From welfare to preferences, do decision flaws matter? The case of tuition fees

Lecouteux, Guilhem; Moulin, Léonard - HAL - 2013

We investigate the relation between welfare and preference satisfaction in economics, and show that the extension of the scope of economic analysis through the 20th century forces economists to question the validity of the preference satisfaction criterion as a normative criterion for evaluating...

Persistent link: https://www.econbiz.de/10010633780

Loss Aversion and Seller Behavior: Evidence from the Housing Market: Comment Working Paper

Buisson, Florent - HAL - 2013

In an often quoted article, Genesove and Mayer (2001) observe that house sellers are reluctant to sell at a loss, and attribute this finding to loss aversion. I show that loss aversion cannot explain this phenomenon.

Persistent link: https://www.econbiz.de/10010635268

Prospect Theory and consumer behavior: Goals and Tradeoffs

Buisson, Florent - HAL - 2013

I show that a loss averse consumer who must share her budget between two goods prefer allocations for which consumption equals reference point for at least one good. The phenomenon intensity depends on the curvature of the utility curve. These results are consistent with several stylized facts...

Persistent link: https://www.econbiz.de/10011026068

Biased  Information  and  Effort

Rosaz, Julie - HAL - 2012

information at the principal's advantage, we test experimentally the principal's willingness to bias (overestimate or under …) principals do bias information, ii) agents trust the cheap-talk messages they receive and adjust their effort accordingly …

Persistent link: https://www.econbiz.de/10008790485