Within the area of Behavioral game theory, we focus on a specific context, namely, on a game we called the Alternative traveler's dilemma. In this context, we observe that participants tend to choose strictly dominated strategies. In order to explain similar tendencies in other games,...

In der Regel wird in der etablierten wirtschaftswissenschaftlichen Lehre angenommen, dass der Mensch ein Homo oeconomicus ist: rational handelnd und auf materielle Gewinne ausgerichtet. Aber wird das Verhalten der Menschen durch dieses Bild richtig abgebildet? Handeln sie rational, oder wird das...

Recent years have witnessed a growing interest in behavioral trends in both economic theory and practical applications. As a science with vast potential for explaining complex market behaviors, behavioral economics is drifting away from the classical model of homo oeconomicus deployed by...

Labor market policies succeed or fail at least in part depending on how well they reflect or account for behavioral responses. Insights from behavioral economics, which allow for realistic deviations from standard economic assumptions about behavior, have consequences for the design and...

Mehr als die Hälfte der Erwachsenen in Deutschland ist übergewichtig. Besonders oft betroffen sind Ältere, Arme und Menschen mit geringer Bildung. Ein Thema für Wirtschaftswissenschaftler? Ernährung und fehlende Bewegung sind entscheidende Faktoren für wichtige Volkskrankheiten. Für durch...

Supply chains today routinely use third parties for many strategic activities, such as manufacturing, R&D, or software development. These activities often include relationship-specific investment on the part of the vendor, while final outcomes can be uncertain. Therefore, writing complete...

The homo oeconomicus model is an essential concept of the neoclassical analysis. It defines the agent capable of rational choices in pursuing the maximization of his own utility functions. Over time, the notion remained at the basis of many debates, related mainly to its relevance. However, the...

This paper uses proprietary data comprising of 4,155 participants who attended financial education seminars conducted by a major U.S. consumer credit counseling agency in 2007. In this study, knowledge gained from attending the seminars is estimated using a multivariate regression model. Results...

This study uses data from the Panel Study of Income Dynamics to examine whether self-regulation, proxied by regularly dining together with family, is associated with better financial preparedness and greater wealth accumulation across time among households. Findings reveal that individuals who...