A common feature of the literature on the evolution of preferences is that evolution favors nonmaterialistic preferences only if preference types are observable at least to some degree. We argue that this result is due to the assumption that in each state of the evolutionary dynamics some...

Economic theory has evolved without paying proper attention to behavioral approaches, especially to social, economic, and cognitive psychology. This has recently changed by including behavioral economics courses in many doctoral study programs. Although this new development is most welcome, the...

Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one’s life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or...

Die deutsche Wohnungswirtschaft unterliegt einer tiefgreifenden staatlichen Regulierung. Hiervon sind insbesondere Heizungsanlagen betroffen. Durch die vorgeschriebene Aufteilung in Kaltmiete und Nebenkosten stellt sich die Investition in eine neue, effiziente Heizungsanlage für den Vermieter...