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Drug consumption is a voluntary decision based on preexisting situational contexts, social events, personal traits and cultural circumstances. Because of this, drug consumption is not pathological but rather normal and ubiquitous. It is only as a result of persecution by the authorities of...
Persistent link: https://www.econbiz.de/10009468267
, as well as those of experimental economists, with neoclassical economic theory. The dissertation is divided into two …
Persistent link: https://www.econbiz.de/10009468509
investment behavior which is consistent with theory. However, an income tax with a limited or unlimited loss offset provision …
Persistent link: https://www.econbiz.de/10009478158
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
Internet gambling is a rapidly growing phenomenon, increasing in types of games and gambling opportunities, number of sites, owners and jurisdictions. In response participation and revenue generated by Internet gambling is also rising, along with the incidence of Internet gambling problems. In...
Persistent link: https://www.econbiz.de/10009475252
consumes over time. Addiction, however, is documentedas one of numerous anomalies that the standard theory fails to explain … the gateway effect of addiction development.Chapter 2: I consider a seemingly simple extension of the theory of rational …Chapter 1: The standard theory of intertemporal choice provides a simple but elegantway to analyze how an individual …
Persistent link: https://www.econbiz.de/10009458905
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...
Persistent link: https://www.econbiz.de/10009458721
Psychologische Studien haben gezeigt, dass sich individuelle Wahrscheinlichkeitseinschätzungen für ein bestimmtes Ereignis in Abhängigkeit von der gewählten Zerlegung des Zustandsraumes systematisch voneinander unterscheiden können (ein als „Partitionsabhängigkeit“ bekannter...
Persistent link: https://www.econbiz.de/10009454727
All three articles in my dissertation gather information from individuals, analyze it, and aggregate that information into forecasts of upcoming events. The motivation is to make forecasts more efficient (accurate and timely), more versatile (provide the most useful information for each...
Persistent link: https://www.econbiz.de/10009438764
theoretical comparisons are conducted. In the first, economic theory, behavioral theory (the Behavioral Theory of the Firm and … Prospect Theory), and Bounded Rationality are tested as potential determinants of acquisition uncertainties. In the second …, economic theory and Prospect Theory are tested as potential determinants of the value of the machine acquired.To answer these …
Persistent link: https://www.econbiz.de/10009438770