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Are optimistic expectations keeping the Chinese happy?

Frijters, Paul; Liu, Amy Y.C.; Meng, Xin - In: Journal of Economic Behavior & Organization 81 (2012) 1, pp. 159-171

In this paper we study the effect of optimistic income expectations on life satisfaction amongst the Chinese population … strong in the countryside and amongst rural-to-urban migrants. The importance of these expectations for life satisfaction is … particularly pronounced in the urban areas, though also highly significant for the rural area. If expectations were to reverse from …

Persistent link: https://www.econbiz.de/10010597452

An inflation expectations horserace

Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2010

models of forecasting inflation, the data are low frequency measures which appear anachronistic in the modern era of high … frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to …

Persistent link: https://www.econbiz.de/10009647457

Rationality and choices in economics: behavioral and evolutionary approaches

Graziano, Mario; Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2012

The paper critically discusses the issue of rationality and choices in economics in both the behavioural and evolutionary approaches. Our study aims, on the one hand, to highlight the scientific contributions of psychology in economics, since psychology, and with it the theoretical approach of...

Persistent link: https://www.econbiz.de/10009418485

Od człowieka racjonalnego do emocjonalnego. Zmiana paradygmatu nauk ekonomicznych

Wach, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010

The paper discusses the concept of an economic man in economics and management. The concept of “homo oeconomicus” assumes the full rational behaviour of a deciding man and was applied in classical and neoclassical theories. Based on resent findings of the neuronal, cognitive and behavioural...

Persistent link: https://www.econbiz.de/10009147885

Inconsistency Pays?: Time-inconsistent subjects and EU violators earn more

Berg, Nathan; Eckel, Catherine; Johnson, Cathleen - Volkswirtschaftliche Fakultät, … - 2010

Experimental choice data from 881 subjects based on 40 time-tradeoff items and 32 risky choice items reveal that most subjects are time-inconsistent and most violate the axioms of expected utility theory. These inconsistencies cannot be explained by well-known theories of behavioral...

Persistent link: https://www.econbiz.de/10008693573

Soft Paternalism and Nudging - Critique of the Behavioral Foundations

Pasche, Markus - Volkswirtschaftliche Fakultät, … - 2014

This brief note rises doubts on the argument that nudging will help people to behave more rational in terms of their own preferences. This justification of soft paternalism overlooks some methodological problems of expected utility theory which are one of the roots of behavioral economics.

Persistent link: https://www.econbiz.de/10011109175

Political Economy of Electricity Subsidy: Evidence from Punjab

Jain, Varinder - Volkswirtschaftliche Fakultät, … - 2006

The electricity subsidy distribution pattern needs to be scrutinised to assess whether the policy benefits small producers, a normative argument often made while granting any input subsidy. In Punjab, this policy is found to ignore equity considerations while granting non-discriminatory...

Persistent link: https://www.econbiz.de/10005836201

Value and Crisis Theory in the 'Great Recession'

Desai, Radhika; Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2011

This is a prepublication version of an article which appeared in the World Review of Political Economy. Please cite as Desai, R. and A. Freeman. 2001. ‘Value and Crisis Theory in the “Great Recession”’. World Review of Political Economy. Vol 2 No. 1, Spring 2011. Pp 35-47. This article...

Persistent link: https://www.econbiz.de/10011258893

The costs of conflict

Smith, Adam C.; Houser, Daniel; Leeson, Peter T.; … - In: Journal of Economic Behavior & Organization 97 (2014) C, pp. 61-71

Violent conflict destroys resources. It generates “destruction costs.” These costs have an important effect on individuals’ decisions to cooperate or conflict. We develop two models of conflict: one in which conflict's destruction costs are independent of individuals’ investments in...

Persistent link: https://www.econbiz.de/10011048222

Institutional changes: Alternative theories and consequences for institutional design

Brousseau, Eric; Garrouste, Pierre; Raynaud, Emmanuel - In: Journal of Economic Behavior & Organization 79 (2011) 1, pp. 3-19

equilibria that are self-enforcing (in terms of mutual expectations about others’ behaviors) can collapse and so induce switching …

Persistent link: https://www.econbiz.de/10011048228