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Does expert advice improve educational choice?
Borghans, Lex; Golsteyn, Bart H. H.; Stenberg, Anders - 2013
This paper reports evidence that an individual meeting with a study counselor at high school significantly improves the quality of choice of tertiary educational field, as self-assessed 18 months after graduation from college. The results are strongest among males and those with low educated...
Persistent link: https://www.econbiz.de/10010196071
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Guilt from promise-breaking and trust in markets for expert services : theory and experiment
Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2010
to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert’s … provision and charging decisions. We argue that the expert’s promise induces a commitment that triggers guilt if the promise is … experts make the predicted promise; (2) proper promises induce consumer-friendly behavior; and (3) higher interaction prices …
Persistent link: https://www.econbiz.de/10003944278
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The hidden costs of tax evasion : collaborative tax evasion in markets for expert services
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2015
We experimentally examine the impact of tax evasion attempts on the performance of credence goods markets, where contractual incompleteness results from asymmetric information on the welfare maximizing quality of the good. Our results suggest that tax evasion attempts - independently of whether...
Persistent link: https://www.econbiz.de/10010529409
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Reveal it or conceal it: on the value of second opinions in a low-entry-barriers credence goods market
Bindra, Parampreet Christopher; Kerschbamer, Rudolf; … - 2020
. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second …
Persistent link: https://www.econbiz.de/10012236955
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Rule of law, institutional quality and information
Bruno, Randolph (contributor) - 2008
The focus of this paper is the analysis of the persistent lawlessness attitude observed in some transition and developing countries where an overall increase in the quality of institutions is recorded. The mechanism of information diffusion on institutional quality is explored using a model...
Persistent link: https://www.econbiz.de/10003716535
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Why pay taxes when no one else does?
Epstein, Gil S.; Gang, Ira N. - 2009
present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …
Persistent link: https://www.econbiz.de/10003832265
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Gender differences in risk aversion and ambiguity aversion
Borghans, Lex; Golsteyn, Bart H.H.; Heckman, James J.; … - 2009
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...
Persistent link: https://www.econbiz.de/10003808595
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Identification, screening and stereotyping in labour market discrimination
Vendrik, Maarten C.; Schwieren, Christiane - 2009
According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i) reduction of uncertainty by information search, leading to less stereotyping of people, and hence less discrimination; (ii) social identification with an ingroup, inducing...
Persistent link: https://www.econbiz.de/10003919863
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The impact of fine size and uncertainty on punishment and deterrence : theory and evidence from the laboratory
Feess, Eberhard; Schildberg-Hörisch, Hannah; Schramm, … - 2015
hypotheses derived from the theory. …
Persistent link: https://www.econbiz.de/10011347317
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On measuring uncertainty : snakes and ladders
Junankar, Pramod N. - 2016
The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of financial institutions. The Finance literature had decided that it was impossible to have bubbles in financial markets and any surge in the stock market would be self-correcting. Recent...
Persistent link: https://www.econbiz.de/10011543578