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In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … maximization, we predict that persons with higher perceived fairness will experience higher levels of life-time utility and are … perceived more positively with increased expected fairness. The opposite is expected for countries with low actual social …
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Barriers to entry are regarded as major impediments to the working of markets. Entry must not necessarily actually take place - the perceived threat of entry may encourage incumbent firms to behave as if they are in a competitive market, even if they are not. We present empirical evidence on...
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We empirically evaluate a behavioural model with boundedly rational traders who disagree about the persistence of deviations from the fundamental stock price. Fundamentalist traders believe in mean-reversion, while chartists extrapolate trends. Agents gradually switch between the two rules,...
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This paper experimentally studies the role of associative memory for belief formation. Realworld information signals are often embedded in memorable contexts. Thus, today’s news, and the contexts they are embedded in, may cue the selective retrieval of similar past news and hence contribute to...
Persistent link: https://www.econbiz.de/10012118551