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Show What You Risk - Norms for Risk Taking
Grimm, Stefan - 2018
Most economic decisions are embedded in a specific social context. In many such contexts, individual choices are influenced by their observability due to underlying social norms and social image concerns. This study investigates the impact of choices being observed, compared to anonymity of...
Persistent link: https://www.econbiz.de/10011932984
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Updating ambiguity averse preferences
Hanany, Eran; Klibanoff, Peter - 2008
general preferences. In this paper, we characterize dynamically consistent update rules for preference models satisfying … characterize dynamically consistent updating for two important models of ambiguity averse preferences: the ambiguity averse smooth … ambiguity preferences (Klibanoþ, Marinacci and Mukerji [Econometrica 73 2005, pp. 1849-1892]) and the variational preferences …
Persistent link: https://www.econbiz.de/10010266275
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School choice and loss aversion
Meisner, Vincent; von Wangenheim, Jonas - 2019
) play dominated strategies. In particular, students with low priority tend to misrepresent their preferences for popular …
Persistent link: https://www.econbiz.de/10012290339
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Report-dependent utility and strategy-proofness
Meisner, Vincent - 2021
Despite the truthful dominant strategy, participants in strategy-proof me- chanisms submit manipulated preferences. In …
Persistent link: https://www.econbiz.de/10012653514
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Coupled lotteries: A new method to analyze inequality aversion
Koch, Melanie; Menkhoff, Lukas; Schmidt, Ulrich - 2019
We develop and implement a new measure for inequality aversion: two peers are endowed with identical binary lotteries and the only choice they make is whether they want to play out the lotteries independently or with perfect positive correlation (coupling). Coupling has no other e ect than...
Persistent link: https://www.econbiz.de/10012141891
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Decision-making traits and states as determinants of risky choices
Gärtner, Manja; Tinghög, Gustav; Västfjäll, Daniel - 2019
We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either emotion or reason, while simultaneously measuring...
Persistent link: https://www.econbiz.de/10012141901
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Multidimensional tax compliance attitude
Bruns, Christoffer; Fochmann, Martin; Mohr, Peter N. C.; … - 2023
Citizen tax compliance significantly dictates governmental fiscal capacities. Recognizing this, understanding the determinants of tax compliance remains paramount. While existing literature frequently isolates and tests individual determinants such as audit likelihood, penalty structures, tax...
Persistent link: https://www.econbiz.de/10014377657
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The commitment effect in belief evolution
Gehring, Thomas; Güth, Werner; René Levínský - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
In this note we establish that rational demand expectations willtypically not evolve in an evolutionary model. In an evolutionarymodel beliefs act like a commitment device to more aggressive be-havior. This commitment effect has the same direction for strategicsubstitutes and complements and...
Persistent link: https://www.econbiz.de/10005866911
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Neo-additive capacities and updating
Eichberger, Jürgen; Grant, Simon; Lefort, Jean-Philippe - Alfred-Weber-Institut für Sozial- und … - 2009
This paper shows that, for CEU preferences, the axioms consquentialism, state independenceand conditional certainty …
Persistent link: https://www.econbiz.de/10005868377
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Multi-Attribute Decision-Makingin Individual and Social Choice
Bossert, Walter; Peters, Hans - University <Nottingham> / Department of Economics - 1998
This paper provides an analysis of individual and social decision criteria foralternatives that are composed of several attributes. We derive additive and multiplicativecriteria for individual decision-making with new axioms and apply these criteria toobtain new justications of known social...
Persistent link: https://www.econbiz.de/10005869346