Der Übergang in den Ruhestand ist für viele Betroffene ein biographischer Einschnitt. Eine Vielzahl von Aspekten bestimmt dabei die Entscheidung über das „Wann“ und „Wie“ des Renteneintritts. Ein Aspekt bleibt in der wissenschaftlichen Diskussion eher unberücksichtigt: der Einfluss...

Our major claim is that when people behave strategically,it is wrong to interpret the betting rates they announce as their subjective probabilities of the different events. Instead, these rates should be understood as the prices at which subjects are willing to trade certain goods (simple...

This paper discusses two ways in which decision makers facing sequential choices can make themselves invulnerable to Dutch books.

We illustrate by means of a dynamic research and development race that, while at some points in the race, social incentives and private incentives may coincide, at other points they may diverge-- too many researchers remain that race.