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Efficiency-morality trade-offs in repugnant transactions : a choice experiment

Elías, Julio; Lacetera, Nicola; Macis, Mario - 2016

conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors …

Persistent link: https://www.econbiz.de/10011539004

Beyond non-satiation : needs and requirements

Pettini, Anna - 2014

The hypothesis of non-satiation of rational choice theory is very seldom posed under scrutiny, maybe because it is …

Persistent link: https://www.econbiz.de/10010461277

Repeated selection with heterogenous individuals and relative age effects

Dawid, Herbert; Mühlheußer, Gerd - 2012

In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection policies in a model of endogenous skill formation where, apart...

Persistent link: https://www.econbiz.de/10009522298

Complexity and choice

Salant, Yuval; Spenkuch, Jörg L. - 2021

We study two dimensions of complexity that may interfere with individual choice. The first one is object complexity …, which corresponds to the difficulty in evaluating any given alternative in a choice set. The second dimension is composition …-with-evaluation-errors theory that incorporates both dimensions and delivers sharp empirical predictions about their effect on choice behavior. We …

Persistent link: https://www.econbiz.de/10012602341

Collective risk-taking decisions with heterogeneous beliefs

Gollier, Christian - 2003

Suppose that a group of agents having divergent expectations can share risks efficiently. We examine how this group should behave collectively to manage these risks. We show that the beliefs of the representative agent is in general a function of the group.s wealth level, or equivalently, that...

Persistent link: https://www.econbiz.de/10011507677

Collective investment decision making with heterogeneous time preferences

Gollier, Christian; Zeckhauser, Richard - 2003

We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of shadow prices that would...

Persistent link: https://www.econbiz.de/10011507695

Competitive markets, collective decisions and group formation

Gersbach, Hans; Haller, Hans - 2003

We consider a general equilibrium model where groups operating in a competitive market environment can have several members and make efficient collective consumption decisions. Individuals have the option to leave the group and make it on their own or join another group. We study the effect of...

Persistent link: https://www.econbiz.de/10011507930

I lie? We lie! Why? : experimental evidence on an dishonesty shift

Kocher, Martin; Schudy, Simeon; Spantig, Lisa - 2016

Unethical behavior such as dishonesty, cheating and corruption occurs frequently in organizations or groups. Recent experimental evidence suggests that there is a stronger inclination to behave immorally in groups than individually. We ask if this is the case, and if so, why. Using a...

Persistent link: https://www.econbiz.de/10011509462

Monetary policy committees : individual and collective reputations

Sibert, Anne C. - 1999

This paper looks at how the reputation of a monetary policy making committee is jointly determined with the reputations … affect the policy making body's incentive to refrain from inflation. …

Persistent link: https://www.econbiz.de/10009781721

Compliance in teams - implications of Joint decisions and shared consequences

Lohse, Tim; Simon, Sven A. - 2019

decision-making is characterized by behavioral spillovers between team members. Holding each team member fully liable is a …

Persistent link: https://www.econbiz.de/10012064889