In modeling expectation formation, economic agents are usually viewed as forming expectations adaptively or in … accordance with some rationality postulate. We offer an alternative nonlinear model where agents exchange their opinions and …, we show that this kind of model performs well in simulation experiments. Focusing upon producers' expectations in the …

created by polling the respondents on their expectations versus intentions. Expectation-based forecasts are more efficient … statically significant positive relationship between confidence and the accuracy of individual-level expectations. This positive …

My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything …. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character … of physics by Oliver Timmer. Applying his ideas to the theory of demand reveals that the statements of this discipline …

, as well as those of experimental economists, with neoclassical economic theory. The dissertation is divided into two … contributes to a better understanding of human decision-making. …

Laborexperiment sollten die Teilnehmer eine Entscheidung über die genaue Höhe einer Investition treffen. In verschiedenen Treatments … reale Arbeit-Freizeit-Entscheidung treffen.Als zentrales Ergebnis beider Laborexperimente lässt sich Folgendes … zusammenfassen: Neben dem Arbeitsleid und dem Einkommen scheint die Steuerwahrnehmung einen entscheidenden Einfluss auf die Arbeit-Freizeit-Entscheidung …

sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …

preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … temperance, form in models of reference dependence. In these models the reference point is shaped by recent expectations. General … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning …

Econometric analyses of European datasets suggest that income aspirations increase with current income. This finding is … consistent with the adaptation hypothesis –the notion that individual aspirations adjust to reflect personal circumstances and … living conditions. We add to these existing studies in two ways: we investigate the relationship between aspirations and …