Attitudes towards uncertainty have been indicated to be highly context-dependent, and to be sensitive to the measurement technique employed. We present data collected in controlled experiments with 2939 subjects in 30 countries measuring uncertainty attitudes through incentivized measures as...

From a public database in Sweden we obtained a subject pool consisting of one group 20 years old and another group that was exactly 50 years older. The groups participated in a mail-based trust game. In the trust game the young cohort exhibited significantly more trust than the old cohort did....

After entering the European Union (EU) Latvia faced new possibilities in international labor market. In 2004 several member states opened their labor markets to workers from Latvia. The largest amount of labor force went to Ireland, Great Britain and Sweden. In these countries salaries were...

The article summarizes the main points discussed at the seminar on The Nobel Memorial Prize Laureates 2002, held by the Czech Economic Association (CEA) in March 2002. There were two main speakers at the seminar: The first was Michal Skoøepa (Czech National Bank and Charles University), who...

Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...

This paper provides a technical survey of recent developments in behavioural microsimulation. We discuss the criteria by which models of labour supply may be chosen for application to behavioural microsimulation, and consider how such models may be augmented to control for fixed costs,...

Using a simple experimental approach on 126 French students, we test the assumption that students participating in sports activities have specific economic behavior. We find that sports practice intensifies the usual gender differences: athletic participation seems to render boys still more...

At present, the world economy is at a cross road. The Nigerian economy is therefore undergoing it most severe economic crisis since the Biafra war of the sixties. Currently, she is experiencing a staggering rate of inflation (well up to the double digit) as well as experiencing a severe...

In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...

The paper presents evidence that validate the focusing illusion. Specifically, the forecasted impact of a basketball championship on students’ subjective well-being was exaggerated because of their intense focus on the event. However, the self-reported states of being for life domains not...