Showing 1 - 10 of 445
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10010264587
experiment, reduces evasion, as predicted by our theory. Loss aversion, risk aversion, and their interaction, are critical … experience (i) greater loss aversion from paying taxes, and (ii) lower moral costs of evasion. We confirm the predictions of our … influence taxpayers decisions. Loss aversion, measured “directly” for the first time for each individual in an evasion …
Persistent link: https://www.econbiz.de/10013315211
effect. We show that loss aversion, moral costs, mental accounting, and risk preferences play a key role in explaining key … features of source-dependent tax evasion. We provide evidence of the first direct link between subject-specific loss aversion … that risk aversion strengthens the cautionary effect of loss aversion and risk loving behavior attenuates, or reverses, it …
Persistent link: https://www.econbiz.de/10014290134
Loss aversion, risk aversion, and the probability weighting function (PWF) are three central concepts in explaining … decisionmaking under risk. I examine interlinkages between these concepts in a model of decisionmaking that allows for loss averse … commonly observed shapes of PWF and to risk aversion. In particular, I establish a connection between loss aversion and both …
Persistent link: https://www.econbiz.de/10014377465
of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests … based on subject-specific choices, and the measurement of subject-specific behavioral parameters such as loss aversion and … present bias. We predict, and show empirically, that loss aversion reduces savings, and that those who are more loss averse …
Persistent link: https://www.econbiz.de/10014346247
This paper presents the results of an experiment that completely measures the utility function and probability … diminishing sensitivity, and the obtained loss aversion coefficient of 1.6 is moderate but in agreement with contemporary evidence … is primarily driven by loss aversion and, for women, also by a more pessimistic psychological response towards the …
Persistent link: https://www.econbiz.de/10010276981
-based loss averse. For these consumers, a purchase plan, which involves buying products of varying quality and price with … positive probability, creates disutility from gain-loss sensations. Even at modest degrees of loss aversion they may refrain … behavior and loss aversion in new survey data …
Persistent link: https://www.econbiz.de/10013211121
-nudge interventions worked. A follow-up experiment reveals the reason for these convincing null-effects: the information norm-nudges did …
Persistent link: https://www.econbiz.de/10012838243
Several empirical studies provide evidence that their actual health state affects people's attitudes towards health and medical care in hypothetical health states. In the tradition of behavioural economics this paper considers the actual health state as a point of reference and builds a model...
Persistent link: https://www.econbiz.de/10010261396
experiment, reduces evasion, as predicted by our theory. Loss aversion, risk aversion, and their interaction, are critical … experience (i) greater loss aversion from paying taxes, and (ii) lower moral costs of evasion. We confirm the predictions of our … influence taxpayers' decisions. Loss aversion, measured "directly" for the first time for each individual in an evasion …
Persistent link: https://www.econbiz.de/10012314893