Similar Search Results

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

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

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

Earnings forecast bias - a statistical analysis

Michalon, Karine; Lardic, Sandrine; Dossou, François - HAL - 2005

well-known phenomenon, namely the existence of a positive bias in experts' anticipations: the latter tend to over …-estimate earnings. In this paper, we study the properties of this bias according to various aspects, that is to say according to country …

Persistent link: https://www.econbiz.de/10008788892

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

Can earnings forecasts be improved by taking into account the forecast bias?

Dossou, François; Lardic, Sandrine; Michalon, Karine - HAL - 2008

The recent period has highlighted a well-known phenomenon, namely the existence of a positive bias in experts … contributions are twofold: we provide explanatory bias prediction models which will subsequently allow the calculation of earnings … adjusted forecasts, for horizons from 1 to 24 months. We explain the bias using macroeconomic as well as sector and firm …

Persistent link: https://www.econbiz.de/10008792953

Optimal Student Loans and Graduate Tax under Moral Hazard and Adverse Selection

Gary-Bobo, Robert J.; Trannoy, Alain - HAL - 2014

We characterize the set of second-best optimal "menus" of student-loan contracts in a simple economy with risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines student loans with an elementary optimal income-tax problem. The second-best optima...

Persistent link: https://www.econbiz.de/10010933842

In search of characterization of the preference for safety under the Choquet model

Cohen, Michèle; Meilijson, Isaac - HAL - 2011

Victor prefers safety more than Ursula if whenever Ursula prefers some constant to some uncertain act, so does Victor. This paradigm, whose Expected Utility version takes the form of Arrow & Pratt's more risk averse concept, will be studied in the Choquet Uncertainty model, letting u and μ (v...

Persistent link: https://www.econbiz.de/10010605324