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Solving the Yitzhaki Paradox: Income Tax Evasion and Reference Dependence under Prospect Theory
Trotin, Gwenola - HAL - 2012
wealths as in expected utility theory). In order to identify the determinants of the income tax evasion decision, a general …
Persistent link: https://www.econbiz.de/10010933897
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Aspiration Levels and Educational Choices : An experimental study
Page, Lionel; Lévy-Garboua, Louis; Montmarquette, Claude - HAL - 2007
The explanation of social inequalities in education is still a debated issue in economics. Recent empirical studies tend to downplay the potential role of credit constraint. This article tests a different potential explanation of social inequalities in education, specifically that social...
Persistent link: https://www.econbiz.de/10010750819
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From welfare to preferences, do decision flaws matter? The case of tuition fees
Lecouteux, Guilhem; Moulin, Léonard - HAL - 2013
different social and psychological biases that can influence the decision of the individuals in the design of public policies. …
Persistent link: https://www.econbiz.de/10010633780
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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
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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
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How to understand our willingness-to-pay to fight climate change? A choice experiment approach
Chaisemartin, Clément De; Mahé, Thuriane - HAL - 2009
We explore the willingness-to-pay (WTP) to fight climate change in a choice experiment. Since tree planting prevents climate change, subjects are offered to choose between receiving a high amount of money or receiving a lower amount of money plus participating to tree planting action. This...
Persistent link: https://www.econbiz.de/10008793659
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The Possibility of a Welfare Policy in a World of Emotion-Driven Individuals: A Humean Point of View
Lapidus, André - HAL - 2011
Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
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A model of influence with a continuum of actions
Grabisch, Michel; Rusinowska, Agnieszka - HAL - 2009
inclination to choose one of the actions. Due to influence among players, the final decision of a player, i.e., his choice of one … influence another player with different inclination, and as a result of this influence, the decision of the player is closer to …
Persistent link: https://www.econbiz.de/10010549106
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A study of the dynamic of influence through differential equations
Maruani, Emmanuel; Grabisch, Michel; Rusinowska, Agnieszka - HAL - 2011
each agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may …
Persistent link: https://www.econbiz.de/10010605336
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Decision Making with Imprecise Probabilistic Information
Gajdos, Thibault; Tallon, Jean-Marc; Vergnaud, … - HAL - 2004
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information … available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of … imprecision for this informational setting and show that a decision maker who is averse to information imprecision maximizes the …
Persistent link: https://www.econbiz.de/10010750380