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Studies have frequently found that women are more risk averse than men. In this paper, we depart from usual practice in economics that treats risk attitude as a primitive, and instead adopt a neuroeconomic approach where risk attitude is determined by the reference point which can be easily...
Persistent link: https://www.econbiz.de/10014279738
consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and …
Persistent link: https://www.econbiz.de/10011528156
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The economic models of tax compliance predict that individuals should evade taxes when the expected benefit of cheating is greater than its expected cost. When this condition is fulfilled, the high compliance however observed remains a puzzle. In this paper, we investigate the role of emotions...
Persistent link: https://www.econbiz.de/10003571661
simple (α,β,δ) intertemporal utility function for each person. We find that individuals exposed to a prior cognitive load …
Persistent link: https://www.econbiz.de/10009721367
. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in … choices reveal preferences without assumptions on the structure of utility noise. Sharper results are obtained if the analysis … conclude by showing that standard random utility models from economics and standard drift-diffusion models from psychology …
Persistent link: https://www.econbiz.de/10011946760
We conduct a laboratory experiment among male participants to investigate whether rewarding schemes that depend on work performance - in particular, tournament incentives - induce more stress than schemes that are independent of performance - fixed payment scheme. Stress is measured over the...
Persistent link: https://www.econbiz.de/10014248989
A perception at the core of studies that consider the link between social rank and stress (typically measured by the so-called stress hormone cortisol) is that the link is direct. Examples of such studies are Bartolomucci (2007), Beery and Kaufer (2015), and Koolhaas et al. (2017). A recent and...
Persistent link: https://www.econbiz.de/10014545099