Confidence seems to replace certain knowledge and the necessity for specific information. It simplifies economical processes and procedures, it motivates investing, and obviously, it enhances welfare — if it was missing, innumerable dealings would not be made. Consequently, if confidence among...

Objective self-awareness theory (Duval & Wicklund, 1972) predicts that individuals behave morally compliant and honest under increased self-awareness. We argue that this proposition requires a critical reflection in the context of Virtual Reality (VR). The present thesis investigates...

If people think or expect that others are kind, ethical or fair, are they more likely to be kind, ethical and fair in their own judgments and behaviors? Answering this question is difficult because of the confluence of individual, institutional and other-regarding factors that affect ethical...

In the paper, we investigate the Hoede-Bakker index - the notion which computes the overall decisional 'power' of a player in a social network. It is assumed that each player has an inclination (original decision) to say 'yes' or 'no' which, due to influence of other players, may be different...

We investigate the equilibrium relationship between product quality and word-of-mouth communication. Specifically, we ask whether firms should optimally produce "better" products when consumers are more likely to exchange information? The critical moderating factor in our model is the nature of...