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This is the first definitive introduction to behavioral economics aimed at advanced undergraduate and postgraduate students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout
Persistent link: https://www.econbiz.de/10011485040
This is the first definitive introduction to behavioral economics aimed at advanced undergraduate and postgraduate students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout
Persistent link: https://www.econbiz.de/10011842941
We investigate violations of consequentialism in the form of the stochastic dominance property. The property is shared by many theories of choice and implies that the decision-maker prefers receiving the best outcome for sure over all lotteries that involve multiple outcomes. We run experiments...
Persistent link: https://www.econbiz.de/10009681824
Persistent link: https://www.econbiz.de/10011476153
Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while psychologists use personality traits to describe...
Persistent link: https://www.econbiz.de/10012851581
discount rates for environmental outcomes are estimated by using a discrete choice experiment. We show that participants …
Persistent link: https://www.econbiz.de/10011756009
Persistent link: https://www.econbiz.de/10012819817
Financial literacy and economic preferences are considered to be important drivers of health, income, and general well-being. In this paper we bridge the gap between studies on financial literacy and research on economic preferences by how they interplay with each other and the field behavior of...
Persistent link: https://www.econbiz.de/10012203420
behavioural point of view. This paper presents a laboratory experiment to test whether the poor show more impatient behaviour. In … the experiment, half of the participants gets a high participation fee, while the other half gets a low participation fee …, ob sich Arme ungeduldiger verhalten. Im Experiment erhält eine Hälfte der Teilnehmer eine hohe Teilnahmevergütung …
Persistent link: https://www.econbiz.de/10012206628
Persistent link: https://www.econbiz.de/10013475169