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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
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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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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
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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
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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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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 … change. We also set the experiment to control for framing effects: we measure whether subjects WTP is higher not to prevent a …
Persistent link: https://www.econbiz.de/10008793659
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What should an unmanaged earnings distribution look like?
Vidal, Olivier - HAL - 2010
experiment, and also sets out to identify the general distribution pattern to be expected for unmanaged earnings. Normal …
Persistent link: https://www.econbiz.de/10010820781
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Aging and Attitudes Towards Strategic Uncertainty and Competition: An Artefactual Field Experiment in a Swiss Bank
Madiès, Thierry; Villeval, Marie Claire; Wasmer, Malgorzata - HAL - 2012
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10010821398
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Bubbles and Incentives : An Experiment on Asset Markets
Robin, Stéphane; Straznicka, Katerina; Villeval, … - HAL - 2012
We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and trading activity in experimental asset markets. We compare i) a no-bonus treatment based on Smith, Suchanek and Williams (1988) ; ii) a short-term bonus treatment in which bonuses...
Persistent link: https://www.econbiz.de/10010821481
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Gender matching and competitiveness: experimental evidence
Gupta, Nabanita Datta; Poulsen, Anders; Villeval, Marie … - HAL - 2013
This paper experimentally investigates if and how people's competitiveness depends on their own gender and on the gender of people with whom they interact. Participants are given information about the gender of the co-participant they are matched with, they then choose between a tournament or a...
Persistent link: https://www.econbiz.de/10010739726