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Rationalizable Suicides: Evidence from Changes in Inmates' Expected Length of Sentence

Campaniello, Nadia; Diasakos, Theodoros; Mastrobuoni, … - Institute for the Study of Labor (IZA) - 2014

Is there a rational component in the decision to commit suicide? Economists have been trying to shed light on this question by studying whether suicide rates are related to contemporaneous conditions. This paper goes one step further: we test whether suicides are linked to forward-looking...

Persistent link: https://www.econbiz.de/10010884093

How Falsifiable is the Collective Model? A New Test with an Application to Monogamous and Bigamous Households in Burkina Faso

Dauphin, Anyck; Fortin, Bernard; Lacroix, Guy - Institute for the Study of Labor (IZA) - 2015

Collective rationality is seldom if ever rejected in the literature, raising doubt about its falsifiability. We show …, collective rationality within monogamous households is not rejected. Using our proposed test procedure, collective rationality is … however rejected for monogamous households. Furthermore, our test also rejects collective rationality for bigamous households …

Persistent link: https://www.econbiz.de/10011268877

Rational Students and Resit Exams

Kooreman, Peter - Institute for the Study of Labor (IZA) - 2012

Resit exams – extra opportunities to do an exam in the same academic year – are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two...

Persistent link: https://www.econbiz.de/10010670825

Does Intermarriage Pay Off? A Panel Data Analysis

Nottmeyer, Olga - Institute for the Study of Labor (IZA) - 2010

Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The...

Persistent link: https://www.econbiz.de/10008532120

Teams Make You Smarter: Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals

Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - Institute for the Study of Labor (IZA) - 2010

We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of "assets" in a market context. Teams of traders learn the task’s...

Persistent link: https://www.econbiz.de/10008532122

Eingeschränkt rationales Verhalten: Evidenz und wirtschaftspolitische Implikationen

Altmann, Steffen; Falk, Armin; Marklein, Felix - Institute for the Study of Labor (IZA) - 2009

Die Präzision ökonomischer Prognosen und die Qualität politischer Handlungsempfehlungen hängen in entscheidendem Ausmaß von der Qualität des zugrunde liegenden Verhaltensmodells ab. Nur ein empirisch gut fundiertes Modell ökonomischen Handelns erlaubt es, die Konsequenzen politischer...

Persistent link: https://www.econbiz.de/10008615417

Behavioral Economics of Education

Koch, Alexander K.; Nafziger, Julia; Nielsen, Helena Skyt - Institute for the Study of Labor (IZA) - 2014

During the last decade knowledge about human behavior from psychology and sociology has enhanced the field of economics of education. By now research recognizes cognitive skills (as measured by achievement tests) and soft skills (personality traits not adequately measured by achievement tests)...

Persistent link: https://www.econbiz.de/10010959676

Incentives and Information as Driving Forces of Default Effects

Altmann, Steffen; Falk, Armin; Grunewald, Andreas - Institute for the Study of Labor (IZA) - 2013

The behavioral relevance of non-binding default options is well established. While most research has focused on decision makers' responses to a given default, we argue that this individual decision making perspective is incomplete. Instead, a comprehensive understanding of the foundation of...

Persistent link: https://www.econbiz.de/10010959692

Certainty and Severity of Sanctions in Classical and Behavioral Models of Deterrence: A Survey

Entorf, Horst - Institute for the Study of Labor (IZA) - 2012

This survey summarizes the classical fundamentals of modern deterrence theory, covers major theoretical and empirical findings on the impact of certainty and severity of punishment (and the interplay thereof) as well as underlying methodological problems, gives an overview of limitations and...

Persistent link: https://www.econbiz.de/10011279359

The Effects of Tax Salience and Tax Experience on Individual Work Efforts in a Framed Field Experiment

Fochmann, Martin; Weimann, Joachim - Institute for the Study of Labor (IZA) - 2011

We conduct a framed field experiment with 245 employed persons (no students) as subjects and a real tax, which is levied on the subjects' income from working in our real effort task. In our first three treatments, the net wage is constant but gross wages are subject to different constant...

Persistent link: https://www.econbiz.de/10009353431