Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...

Entgegen den Annahmen der ökonomischen Standardtheorie zur Besteuerung stellen einige empirische Arbeiten fest, dass Individuen einer Steueraversion unterliegen. Unter dieser Form der Aversion wird in der Literatur die Bereitschaft verstanden, höhere Ausgaben zur Vermeidung von Steuern...

In den letzten Jahren hat sich ein breiter Literaturstrang etabliert, der neue Formen paternalistischer Interventionen vorschlägt, um individuelle Entscheidungen zu verbessern, die nicht vollständig rational sind. Die Motivation hierfür liegt in zahlreichen Verhaltensanomalien und anderen...

Die Bereitstellung und verbrauchergerechte Aufbereitung von Informationen stellt eine Möglichkeit dar, Konsumenten darin zu unterstützen, Gesundheitsaspekte vermehrt in das Kauf- und Essverhalten zu integrieren. In der Verhaltensökonomik gelten Framing-Effekte als wichtige Bestimmungsfaktoren...

A concern about the contingent valuation method (CVM) is the finding that hypothetical and actual payments often differ. In particular, hypothetical payments are generally higher than actual payments resulting in “hypothetical bias”. Many methods have been proposed for reducing this bias,...

Success is ultimately a story about human behavior. Regardless of the specific domain of the endeavor, the outcome is a product of the individuals involved. Businesses are a function of their employees and customers, just as societies are a function of their citizens and institutions. The...

Purpose This study aims to answer the question, “Are people willing to forgo a portion of financial return for social good?” In other words, this study sought to report whether investors would be willing to accept less return, if the invested money could achieve a desired socially‐driven...

We consider a two-period model. In the first period, individuals consume two goods: one is sinful and the other is not. The sin good brings pleasure but has a detrimental effect on second period health and individuals tend to underestimate this effect. In the second period, individuals can...

While there is mixed evidence of the impact of food assistance programs on obesity, there is general agreement that the food-insecure are at higher risk of obesity and obesity-related diseases. Food assistance programs, originally designed to overcome a lack of available food, now need to...

We compare the revenues of a house-to-house collection for a charity before and after the introduction of the euro in a ceteris paribus setting. We find strong evidence of money illusion, supplementing earlier econometric, experimental, and survey evidence on its existence.