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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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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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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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Male and Female Competitive Behavior - Experimental Evidence
Gupta, Nabanita Datta; Poulsen, Anders; Villeval, … - HAL - 2005
such differences are driven by different attitudes towards competition. In our experiment subjects choose between a …
Persistent link: https://www.econbiz.de/10008790516
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Dumbing down rational players : learning and teaching in an experimental game
Terracol, Antoine; Vaksmann, Jonathan - HAL - 2007
This paper uses experimental data to examine the existence of a teaching strategy among bounded rational players. If players realize that their own actions modify their opponent's beliefs and actions, they might play certain actions to this specific end ; and forego immediate payoffs if the...
Persistent link: https://www.econbiz.de/10010750958
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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
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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
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Monitoring optimistic agents
Jacquemet, Nicolas; Rullière, Jean-Louis; Vialle, Isabelle - HAL - 2008
this matter, we introduce an experiment involving proper incentives that allow a measurement of optimism bias. Our …
Persistent link: https://www.econbiz.de/10010750633