Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

I derive the marginal value of a public good in multiperson households, measured alternatively by one household member’s willingness to pay (WTP) for the good on behalf of the household, or by the sum of individual WTP values across family members. Households are assumed to allocate their...

The aim of the paper is twofold: to carry out a contingent valuation study of "Napoli Musei Aperti", a cultural public good provided by the city of Naples, and to explore some alternative schemes of cultural policy. The paper is divided in two parts. In the first one some results from the...

Customers at the online music label Magnatune can pay what they want for albums, as long as the payment is within a given price range ($5-$18). Magnatune recommends to pay $8, and on average customers paid $8.20 (Regner and Barria, 2009). We ran an online survey and collected responses from 227...

People contribute more to public goods, the more others give ('crowding-in'). We investigate two possible causes of crowding-in: reciprocity, the usual explanation, and conformism, a neglected alternative. The issue is important since conformism has more scope to bring about endogenous social...

We investigate the theoretically proposed link between judgmental overconfidence and trading activity. In addition to applying classical measures of miscalibration, we introduce a measure to capture misperception of signal reliability, which is the relevant bias in the theoretical overconfidence...

There is a debate in the literature backed by ambiguous empirical evidence whether personality is useful at predicting entrepreneurship behavior. However, little is known about the role of the context in the relationship between personality and entrepreneurship. This paper draws on the...

In personalwirtschaftlich motivierten Umfragen oder Studien müssen oftmals Persönlichkeitsmerkmale der Probanden berücksichtigt werden. Die validierten Standardinstrumente der Persönlichkeitspsychologie sind aufgrund ihres Umfangs nur bedingt für diesen Zweck geeignet. Wir berichten über...

In personalwirtschaftlich motivierten Studien müssen oftmals Persönlichkeitsmerkmale berücksichtigt werden. Die validierten Standardinstrumente der Persönlichkeitspsychologie sind aufgrund ihres Umfangs nur bedingt für diesen Zweck geeignet. Wir berichten über die Adaption eines...

We investigate why female labour market participation is low in the Arab region. Utilising Akerlof and Kranton's (2000) identity economics approach, we show in a simple gametheoretic framework that women socialised in a traditional family environment violate their identities by taking a job. In...