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Pittel, Karen; Rübbelke, Dirk - 2009

just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …

Persistent link: https://www.econbiz.de/10011753167

Decision Processes of a Suicide Bomber – Integrating Economics and Psychology

Pittel, Karen; Rübbelke, Dirk T. G. - 2009

This paper provides a theoretical analysis regarding the rationality of suicide attacks from an economist’s point of … psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …

Persistent link: https://www.econbiz.de/10011753170

Heterogeneous Agent Models in Economics and Finance

Hommes, Cars H. - 2005

This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...

Persistent link: https://www.econbiz.de/10010325401

A model of overconfidence

Weinberg, Bruce A. - 2009

People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...

Persistent link: https://www.econbiz.de/10010269111

Extrinsic rewards and intrinsic motives: Standard and behavioral approaches to agency and labor markets

Rebitzer, James B.; Taylor, Lowell J. - 2010

Employers structure pay and employment relationships to mitigate agency problems. A large literature in economics documents how the resolution of these problems shapes personnel policies and labor markets. For the most part, the study of agency in employment relationships relies on highly...

Persistent link: https://www.econbiz.de/10010272684

Relative consumption concerns or non-monotonic preferences?

Hillesheim, Inga; Mechtel, Mario - 2012

We conduct a classroom survey to investigate the willingness to sacrifice consumption in absolute terms in order to ascend above others in terms of consumption levels. In contrast to other studies using survey methodologies, participants are divided into a treatment and a control group. This...

Persistent link: https://www.econbiz.de/10010319758

Integrating personality psychology into economics

Heckman, James J. - 2011

This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.

Persistent link: https://www.econbiz.de/10010280682

Extrinsic rewards and intrinsic motives: Standard and behavioral approaches to agency and labor markets

Rebitzer, James B.; Taylor, Lowell J. - 2010

Persistent link: https://www.econbiz.de/10010286501

Economic behavior: Evolutionary vs. behavioral perspectives

Witt, Ulrich - 2010

heuristics and their tensions with modern rationality standards. In an evolutionary perspective, that focus needs to be extended …

Persistent link: https://www.econbiz.de/10010286736

Pawns and Queens Revisited : public provision of private goods when individuals make mistakes

Pirttilä, Jukka; Tenhunen, Sanna - 2005

respects: income-earning ability and rationality. Publicly provided goods should be overprovided or subsidised, relative to the …

Persistent link: https://www.econbiz.de/10010261191

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