Showing 1 - 10 of 176
analysis is used to try and uncoverthe factors which may be driving the emergence of these gender gaps.Drawing on household …
Persistent link: https://www.econbiz.de/10009248848
A framework is proposed for organizing phenomena related to the (mis)predictionof utility, in particular neglecting adaptation. A categorization is introduced that accounts forasymmetries in misprediction. In decision-making, goods and activities satisfying extrinsicdesires are more salient than...
Persistent link: https://www.econbiz.de/10005867780
Neoclassical economic theory rules out systematic errors in consumptionchoice. According to the basic view, individuals know what they choose. They areable to predict how much utility an activity or a good produces for them now and inthe future and they can maximize their utility. This implies...
Persistent link: https://www.econbiz.de/10005868350
structures. Using anapproach developed in the demand estimation literature, a price measure addressingthese issues is derived and …
Persistent link: https://www.econbiz.de/10005868952
A century ago, Thorstein Veblen introduced socially contingent con-sumption into the economic literature. This paper complements the scarceempirical literature by testing his conjecture on South African householddata and nds that Black and Coloured households spend relatively moreon visible...
Persistent link: https://www.econbiz.de/10005870850
growth bias, has been linked to household financial decision making.We show that exponential growth bias and standard … islinked to household decision making, our results indicate that examining the relationshipbetween exponential growth bias and … household finance without adequate controls forfinancial literacy may generate biased results.... …
Persistent link: https://www.econbiz.de/10009353904
data from Statistics Canada’sSurvey of Household Spending. According to our results, Quebec’s underground economyamounted … Lacroix (2009)using very different estimation methods and data... …
Persistent link: https://www.econbiz.de/10009360563
This paper explores the statistical properties of household consumption-expenditurebudget share distributions —defined … as the share of household total expenditure spentfor purchasing a specific category of commodities— for a large sample of … Italianhouseholds in the period 1989-2004. We find that household budget share distributionsare fairly stable over time for each …
Persistent link: https://www.econbiz.de/10005866522
This paper explores the statistical properties of household consumption-expenditure budgetshares distributions (HBSDs …) —defined as the share of household total expenditurespent for purchasing a specific category of commodities— for a large sample …
Persistent link: https://www.econbiz.de/10005867794
We consider the problem of optimal consumption for an investor who is risk and uncertainty avers. We model these preferences of the investor with the help of a convex risk-measure...
Persistent link: https://www.econbiz.de/10005854966