Showing 1 - 10 of 105
We provide experimental evidence on how unequal access to performance enhancing education affects demand for … subjects. We compare situations in which randomly chosen people get access to performance enhancing education with situations … unequal access to education are more likely to disagree about the appropriate distribution. …
Persistent link: https://www.econbiz.de/10011048092
We model child development as a multi-stage investment problem, where the child's specific ability is unknown at the early stage of childhood and learnt at the late stage. We show that this form of incomplete information weakens the importance of early investments in children if inter-stage...
Persistent link: https://www.econbiz.de/10010573059
A model is presented where workers of differing abilities and from different social backgrounds are assigned to jobs based on grades received at school. It is examined how this matching is affected if good grades are granted to some low-ability students. Such grade inflation is shown to reduce...
Persistent link: https://www.econbiz.de/10010573082
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers’ perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...
Persistent link: https://www.econbiz.de/10013327009
The digit ratio (2D:4D) is considered a proxy for testosterone exposure in utero, and there has been a recent surge of studies testing whether 2D:4D is associated with economic preferences. Although the results are not conclusive, previous studies have reported statistically significant...
Persistent link: https://www.econbiz.de/10012590194
This study investigates whether cooperation in an indefinitely repeated prisoner's dilemma is sensitive to the complexity of cooperative strategies. An experimental design which allows manipulations of the complexity of these strategies by making either the cooperate action or the defect action...
Persistent link: https://www.econbiz.de/10010930936
We present a simple model of status-seeking over multiple socioeconomic domains by introducing the concept of conspicuous health as an argument in the utility function, in addition to the well-established conspicuous consumption term. We explore the implications of such a utility function for...
Persistent link: https://www.econbiz.de/10011208869
This paper reports a duopoly market experiment that examines the effects of price complexity on market prices. In my experimental posted-offer markets, each seller offers an identical good to buyers with homogeneous preferences. First, sellers simultaneously decide on the price and the tariff...
Persistent link: https://www.econbiz.de/10011208872
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and...
Persistent link: https://www.econbiz.de/10011208878
general associated with a convergence to Western norms of behaviour. Specifically, the share of education an individual …
Persistent link: https://www.econbiz.de/10011208879