Showing 1 - 10 of 1,185
Persistent link: https://www.econbiz.de/10011443084
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011557745
, loss aversion, regret aversion, representativeness and overconfidence. Design/methodology/approach - The relationship is … annual income earned by the investor. The test found that for the significant biases except the overconfidence bias, the … other hand, with respect to the overconfidence bias, the investors with higher annual income were prone to exhibit …
Persistent link: https://www.econbiz.de/10012025401
Persistent link: https://www.econbiz.de/10012025750
Persistent link: https://www.econbiz.de/10014469289
Persistent link: https://www.econbiz.de/10013342823
Persistent link: https://www.econbiz.de/10012055702
Group buying enables collective bargaining opportunity that individual buyers lack to negotiate prices with sellers. This potential negotiation capability has two opposing effects. On the one hand, the prospect of the group being able to negotiate price with its rival forces each seller to lower...
Persistent link: https://www.econbiz.de/10013091761
We revisit the classical result that taxation of private consumption is distortionary and therefore precludes the efficient provision of public goods. We introduce a nonlinear consumption tax which we call a `tax lottery'. Under this scheme, an ad-valorem consumption tax is supplemented with a...
Persistent link: https://www.econbiz.de/10013068486
Advancements in online shopping for consumers requires consistent government support policies and the introduction of substantial government laws and regulations. In order to establish innovative developments in online shopping market environment that makes online shopping faster and stable, the...
Persistent link: https://www.econbiz.de/10013017953