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Subsidizing health-conscious behavior now or later
Danilowicz-Gösele, Kamila; Schwager, Robert - 2016
In a model where consumers have quasi-hyperbolic preferences, we compare immediate subsidies paid for health-conscious consumption and future subsidies rewarding good health outcome. We characterize the subsidy rates which implement the unbiased choice. These rates differ because of two...
Persistent link: https://www.econbiz.de/10011420788
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Are behavioral biases stable across markets and prevalent across individuals? : evidence from individual betting choices
Andrikogiannopoulou, Angie; Papakonstantinou, Filippos - 2014
We use novel data on individual activity in a sports betting market to study the effect of past performance sequences on individual behavior in a real market. The revelation of fundamental values in this market enables us to disentangle whether behavior is caused by sentiment or by superior...
Persistent link: https://www.econbiz.de/10010338735
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The behavioral economics of foreign exchange markets : a psychological view on human expectation formation in foreign exchange markets
Schmidt, Robert - 2006 - 1. Aufl.
Persistent link: https://www.econbiz.de/10003297802
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Testing Theories of Gambler’s Fallacy and Hot-hand Fallacy : Probability Bias vs. Randomized Choice
Li, King King - 2019
This paper proposes a new method to identify gambler's fallacy (GF) and hot-hand fallacy (HHF). In the classical method, subjects are classified as exhibiting GF/HHF even they are just randomizing/indifferent between options. In our method, subjects play the game twice and we vary the payoff...
Persistent link: https://www.econbiz.de/10012859406
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Self-Control and Loss Aversion in Intertemporal Choice
Selart, Marcus; Karlsson, Niklas; Garling, Tommy - 2012
The life-cycle theory of saving behavior (Modigliani, 1988) suggests that humans strive towards an equal intertemporal … distribution of wealth. However, behavioral life-cycle theory (Shefrin & Thaler, 1988) proposes that people use self control … heuristics to postpone wealth until later in life. According to this theory, people use a system of cognitive budgeting known as …
Persistent link: https://www.econbiz.de/10014165220
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Competitive irrationality in transitional economies : are communist managers less irrational?
Brouthers, Lance Eliot; Lascu, Dana-Nicoleta; Werner, Steve - In: Journal of business ethics : JOBE 83 (2008) 3, pp. 397-408
Persistent link: https://www.econbiz.de/10003783310
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Monopsonistic competition, low-wage labour markets, and minimum wages : an empirical analysis
Bachmann, Ronald; Frings, Hanna - 2016
This paper investigates the degree of monopsony power of employers in different industries against the background of a statutory minimum wage introduction in Germany in January 2015. A semi-structural estimation approach is employed based on a dynamic model of monopsonistic competition. The...
Persistent link: https://www.econbiz.de/10011480762
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Does minimum wage increase labor productivity? : evidence from piece rate workers
Ku, Hyejin - 2020
We examine worker effort as a potential margin of adjustment to a minimum wage hike using unique data on piece rate workers who perform a homogenous task and whose individual output is rigorously recorded. By employing a difference-in-differences strategy that exploits the increase in Florida's...
Persistent link: https://www.econbiz.de/10012239053
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Introducing minimum wages in Germany : employment effects in a post Keynesian perspective
Heise, Arne; Pusch, Toralf - 2018 - Revised version
There has been a long discussion about the employment impact of minimum wages and this discussion has recently been renewed with the introduction of an economy-wide, binding minimum wage in Germany in 2015. In traditional reasoning, based on the allocational approach of modern labour market...
Persistent link: https://www.econbiz.de/10011803177