In our study, we present the concept of locus of control, a non-cognitive ability that is increasingly researched in economics. We then review the economic literature on locus of control and show that people who believe they are in control of their lives are more successful in many areas of...

A tanulmány hozzájárulás kíván lenni a Scitovsky által bevezetett, címben jelzett fogalmak tartalmi tisztázásához, értelmezéséhez. Arra vállalkozom, hogy körüljárjam: pontosan mit is kell (vagy inkább célszerû) érteni árelfogadó/ármeghatározó szereplõk alatt,...

Over the past two decades, an enormous amount of work has been done to improve the Expected Utility model. Two areas have attracted major attention: the possibility of describing unforeseen contingencies and the need to accomodate the kind of behavior ref

In our study, we present the concept of locus of control, a non-cognitive ability that is increasingly researched in economics. We then review the economic literature on locus of control and show that people who believe they are in control of their lives are more successful in many areas of...

A gazdasági szereplõk nem-racionális magatartására vonatkozó gazdasági viselkedéstani kutatási eredmények értelmezése és a megfelelõ következtetések megfogalmazása kellõ körültekintést igényel: a neoklasszikus elmélet életszerûtlen emberképének meghaladása nem...

Economic decisions have been shown to depend on actual outcomes as well as perceived intentions. In this paper, we examine whether and how the relative importance of outcomes or intentions for economic decision develops with age. We report the result of ultimatum games with children, teens and...

This paper reports an experiment that studies the behavior of a monopolist on sequential auction markets for tradable permits. Using six sessions in a triple ABA crossover design, we investigate the cost-effectiveness of permit allocations and the division of trade gains on sequential bid,...