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surveying the attitudes of over 3000 people to risk, income inequality over space and income inequality over time. The results …
Persistent link: https://www.econbiz.de/10005082949
surveying the attitudes of over 3000 people to risk, income inequality over space and income inequality over time. The results …
Persistent link: https://www.econbiz.de/10005083419
The paper develops an axiomatic framework for rational decision making. The von Neumann-Morgenstern axioms give rise to a richer risk attitude than that captured in the standard discounted expected utility model. I derive three models that permit a more comprehensive risk evaluation. These...
Persistent link: https://www.econbiz.de/10010544183
climate change economics, by surveying the attitudes of over 3000 people to risk, time, and income inequality.  The results …
Persistent link: https://www.econbiz.de/10005047845
The assumption of the stability of preferences is a fundamental one in the theory of the consumer. Many papers within …
Persistent link: https://www.econbiz.de/10010929617
The assumption of the stability of preferences is a fundamental one in the theory of the consumer. Many papers within …
Persistent link: https://www.econbiz.de/10010929630
field experiments can yield important insights into economic theory and provide useful guidance to policymakers. I also draw …
Persistent link: https://www.econbiz.de/10005084551
Decision-makers have a wide variety of competing and complementary methods for non-market valuation, but there is little formal advice on the choice of method. I offer a formal approach, using a loss function (the mean square error) to compare contingent valuation, Citizens'Jury and methods...
Persistent link: https://www.econbiz.de/10005836923
initial incomes are implicitly–and wrongly–taken to be optimal. From a given income, the output demand revelation problem has … long been recognized–that there will be difficulty inferring true demands for public goods at that income (the traditional … individually increment a class of goods by increasing their income (e.g. public goods), they will have no incentive to generate the …
Persistent link: https://www.econbiz.de/10008493588
This paper considers the role which selfish, moral and social incentives and pressures play in explaining the extent to which stated choices over pro-environment behaviours vary across individuals. The empirical context is choices over household waste contracts and recycling actions in Poland. A...
Persistent link: https://www.econbiz.de/10010789230