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Human behavior is not always consistent with standard rational choice predictions. The much-investigated variety of apparent deviations from rational choice predictions provides a promising arena for the merger of economics and biology. Although little is known about the extent to which other...
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The endowment effect is the seemingly irrationally tendency to immediately value a possessed item more than the opportunity to acquire the identical item when one does not already possess it. The phenomenon has broad legal implications, as it suggests a drag on trade, occasioned by inconsistent...
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Popular discourse portrays marriage as a source of innumerable public and private benefits, happiness, companionship … access, the exercise of which is an act of autonomy and free will. However, a closer look at marriage’s past reveals a more … complicated portrait. Marriage has been used - and importantly, continues to be used - as state-imposed sexual discipline. Until …
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Courts are rarely asked to judge beauty. Such a subjective practice would normally be anathema to the ideal of objective legal standards. However, one area of federal law has a long tradition of explicitly requiring courts to make aesthetic decisions: the law of design. New designs may be...
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We conducted an experiment on the nature of income sharing within 95 established couples in Germany. In a first step, the partners revealed their individual preferences by making consumption choices independently. In a second step, decisions were taken jointly over five different rounds with...
Persistent link: https://www.econbiz.de/10010491099