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"Let me dream on!" : anticipatory emotions and preference for timing in lotteries

Kocher, Martin; Krawczyk, Michal; Winden, Frans A. A. M. van - 2009 - This version: September 2009

We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope. In other words, a person holding a lottery ticket may...

Persistent link: https://www.econbiz.de/10011379382

Habitual communication

Ioannidis, Konstantinos - 2022

communicate in a common-interests environment, they may form habits of truth-telling and believing messages. If they primarily … communicate in a conflicting-interests environment, they may form habits of lying and mistrusting messages. We provide … experimental evidence that habits affect strategic communication in an unfamiliar environment. Additionally, we contrast two …

Persistent link: https://www.econbiz.de/10012887895

Homothetic efficiency and test power : a non-parametric approach

Heufer, Jan; Hjertstrand, Per - 2015

We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency. Homotheticity is a useful restriction but data rarely satisfies testable conditions. To overcome this we provide a way to estimate homothetic efficiency of consumption choices. It...

Persistent link: https://www.econbiz.de/10010532589

Stick to the plan? : a revealed-preference study of behavioural impacts of traffic information

Tseng, Yin-Yen; Knockaert, Jasper; Verhoef, Erik T. - 2010 - This version: 14/07/10

We estimate a revealed-preference scheduling model of morning peak behaviour that allows us to determine the impact of traffic information on traveller behaviour. Specifically, we distinguish between the marginal impact of expected travel times versus that of deviations from this expectation...

Persistent link: https://www.econbiz.de/10011381015

A comment on revealed preference with a subset of goods

Bruggen, Paul van - 2016

Varian (1988) introduced an important proposition regarding restrictions on consumption data if observations of the quantities of a good are missing. In this paper, a simple counterexample is presented to show that the original proof is incorrect, and a new proof is provided. The new proof is...

Persistent link: https://www.econbiz.de/10011531115

Afriat in the lab

Heufer, Jan; Bruggen, Paul van - 2016

Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is observed. We show that this result does not hold under the assumptions that unobserved prices and expenditures remain constant. These assumptions are naturally satisfied in laboratory...

Persistent link: https://www.econbiz.de/10011563010

Measuring tastes for equity and aggregate wealth behind the veil of ignorance

Heufer, Jan; Shachat, Jason M.; Xu, Yan - 2018

We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...

Persistent link: https://www.econbiz.de/10011928322

Homothetic preferences revealed

Heufer, Jan; Hjertstrand, Per - 2017

We propose a method to recover homothetic preferences from choice data with minor optimization or measurement errors. Our method allows for a more detailed graphical analysis to reveal subjects' preferences and to choose appropriate functional forms for parametric analysis. It can also be used...

Persistent link: https://www.econbiz.de/10011773009

Value of time by time of day : a stated-preference study

Tseng, Yin-Yen; Verhoef, Erik T. - 2007

Persistent link: https://www.econbiz.de/10003644033

Stick to the plan? : a revealed-preference study of behavioural impacts of traffic information

Tseng, Yin-Yen; Knockaert, Jasper; Verhoef, Erik T. - 2010

Persistent link: https://www.econbiz.de/10003989868