When people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and...

European public discourse often frames (forced) migration solely as a security issue and ignores the implications of societal diversity for health, quality-of-life and well-being, in both Africa and Europe. The present volume offers an interdisciplinary and international look at the relationship...

The endowment effect describes the fact that people demand much more to give up an object than they are willing to spend to acquire it. The existence of this effect has been documented in numerous experiments. We attempt to explain this effect by showing that evolution favors individuals whose...