Most policy regarding tertiary training choice is based on the presumption that human capital theory is the most appropriate model and the cost-benefit analysis implicit in that model provides a reasonable approximation of the choice parameters included in any decision to study. This has...

Consumers around the world are burdened by large amounts of unaddressed junk mail. Attaching “No junk mail” stickers to mailboxes offers a simple solution for protecting against unwanted ads. Presumably, the use of such stickers can be increased if consumers deliberately decide either for or...

Climate change is expected to increase the frequency and intensity of natural disasters. Adaptation investments are required in order to limit the projected increase in natural disaster risks. Adaptation measures can reduce risk partially or completely eliminate risk. The literature on...

Libertarian paternalists hold that biases and distortions in human decision-making justify paternalistic interference affecting individuals’ decisions. The aim of this paper is to analzye to what extent an evolutionary outlook supports libertarian paternalism. I will put forward three...

Ausgehend von einer Kritik am Konzept der „inequity aversion“ wird versucht herauszuarbeiten, wie die situationsspezifische Anpassung moralischer Orientierungen vonstatten geht. Dabei wird auf ein Konzept aus der Moralentwicklungspsychologie zurueckgegriffen (den „happy victimizer“), das...

The aim of this article is to briefly analyze the economic transition of Romania from a behavioural economics perspective. Despite the adverse effects experienced in the past regime, the paper finds out that the suitable macroeconomic policies implemented had fundamental effects, generating...

This paper modifies a previously introduced class of heterogeneous agent models in a way that allows for the inclusion of different types of agent motivations and behaviours in a consistent manner. The agents operate within a highly simplified environment where they are only able to be long or...

The aim of this article is to point at main implications stemming from behavioural economics for retirement savings. The author presents main models of choice relevant to the intertemporal choice developed by economical psychologists (prospect theory, hyperbolic discount function, system of...

This contribution can be understood as a theoretical introductory chapter which focuses on an increasingly widespread monetary regime – inflation targeting within a relatively new economic field – Behavioural economics. Mainstream economics have a tendency to ignore the relatively extensive...

Behavioural economics attracted attention from environmental economists: it should help to understand why people do not respond to environmental policy measures, based on neoclassical assumptions, as predicted by theory. Moreover, understanding motives and driving forces behind pro-social,...