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This paper examines the role of simplified heuristics in the formation of preferences for public goods. Political scientists have suggested that voters use simplified heuristics based on the positions of familiar parties to infer how a proposed policy will affect them and to cast a vote in line...
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Our societies are heterogeneous in many dimensions such as census, education, religion, ethnic and cultural composition. The links between individuals - e.g. by friendship, marriage or collaboration - are not evenly distributed, but rather tend to be concentrated within the same group. This...
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the two main components of prospect theory, the value function and the probability weighting function, are complements in … probabilities. Behavior as described by prospect theory might therefore be evolution’s second-best solution to the fitness … probability weighting functions. -- Probability Weighting ; Prospect Theory ; Evolution of Preferences …
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In many developed countries, abandoned (derelict or underused) industrial areas often occupy important parts of the cities. This raises issues about the possibilities of reusing these areas as well as on the conservation of industrial heritage they often entail. Conjoint Analysis (CA) can shed...
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Pareto dominated by another feasible allocation. Given an undominated allocation, we use the tools of linear duality theory …
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