In many countries, TV viewers have access to more and more TVchannels. We study whether people can cope with this and watch the amount of TVthey find optimal for themselves or whether they are prone to over-consumption. Wefind that heavy TV viewers do not benefit, but instead report lower life...

We extend the Lucas asset pricing tree economy to a heterogeneous population.Perturbative methods are applied to explicitly calculate the secondorder response of asset returns to heterogeneity. We discover thatthere exists a unique "best homogeneous approximation" to a weakly...

Many countries are forging ahead with convenient balloting methods, in particularelectronic and postal voting, in order to re-engage voters. In this paper, we test whether thecost reductions with postal voting increase turnout. The empirical analysis is based on anewly collected data set on the...

In this paper, we propose a decision framework where people are individuallyasked to either actively consent or dissent to some pro-social behavior. We hypothesize thatconfronting individuals with the choice of engaging in a specific pro-social behaviorcontributes to the formation of...