Purpose: Urbanization is a main driver of the transformation from agricultural-based economies to service-based economies. At the same time, urbanization might also alter preferences and attitudes such as risk and time preferences that contribute to economic growth and foster this transition....

Many economic decision situations of foresters and farmers are characterized by risk. Thereby, the individual risk attitude is of particular interest for understanding decision behaviour and, thus, is fundamental for valuable policy recommendations. The literature provides various methods to...

The discount rate is of great importance for all decisions in an intertemporal context, such as the decision of how much a society invests in environmental preservation, or the financial decisionmaking on the individual level. This study experimentally investigates the time preferences of...

Die Verfasser untersuchten mit einem Investitionsexperiment, ob sich das Investitionsverhalten bei gleichbleibenden Bedingungen durch das Framing - der Beschreibung einer Investitionsmöglichkeit in die ökologische beziehungsweise konventionelle Wirtschaftsweise - verändert. Als Ergebnis war...