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The transitive core: Inference of welfare from nontransitive preference relations
Nishimura, Hiroki - In: Theoretical Economics 13 (2018) 2, pp. 579-606
In this paper, we study methods of inferring a decision maker's true preference relation when observed choice data reveal a nontransitive preference relation due to choice mistakes. We propose some sensible properties of such methods and show that these properties characterize a unique rule of...
Persistent link: https://www.econbiz.de/10012010037
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Contradictory effects of religiosity on subjective well-being
Evrensel, Ayse Y. - In: Cogent Economics & Finance 6 (2018) 1, pp. 1-26
). While a number of empirical studies demonstrate that higher religiosity is associated with higher happiness at the level of …
Persistent link: https://www.econbiz.de/10012657461
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Felicidad y salud: Una aproximación to well-being in the Rio de la Plata
Gerstenbluth, Mariana; Rossi, Máximo; Triunfo, Patricia - In: Estudios de Economía 35 (2008) 1, pp. 65-78
We analyze data on happiness for Argentina and Uruguay. The focus is put on self-reported health status as a key aspect … in increasing happiness levels. Then, the probabilty of being happy is estimated by probit models. Results show that the … main relationship is between happiness and health status. Whether this is a causal effect or a correlation, is not clear …
Persistent link: https://www.econbiz.de/10010289481
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Nudging als politisches Instrument: Gute Absicht oder staatlicher Übergriff?
Bruttel, Lisa V.; Stolley, Florian; Güth, Werner; … - In: Wirtschaftsdienst 94 (2014) 11, pp. 767-791
Die Verhaltensökonomie und ihre praktischen Implikationen geraten immer stärker in den Fokus auch der deutschen Politik. Individuelle Entscheidungen sollen im Sinne eines "libertären Paternalismus" sanft beeinflusst werden. Die 'Nudges' bestehen in Standardvorgaben, Selbstbindungen und der...
Persistent link: https://www.econbiz.de/10011617629
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The evolution of decision and experienced utilities
Robson, Arthur J.; Samuelson, Larry - In: Theoretical Economics 6 (2011) 3, pp. 311-339
Psychologists report that people make choices on the basis of "decision utilities'' that routinely overestimate the "experienced utility'' consequences of these choices. This paper argues that this dichotomy between decision and experienced utilities may be the solution to an evolutionary design...
Persistent link: https://www.econbiz.de/10011599448
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Choosing on influence
Cuhadaroglu, Tugce - In: Theoretical Economics 12 (2017) 2, pp. 477-492
Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on...
Persistent link: https://www.econbiz.de/10012010074
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Taxation of unhealthy food consumption and the intensive versus extensive margin of obesity
Kalamov, Zarko Y.; Runkel, Marco - In: International Tax and Public Finance 29 (2021) 5, pp. 1294-1320
If an individual's health costs are U-shaped in weight with a minimum at some healthy level and if the individual has both self-control problems and rational motives for over- or underweight, the optimal paternalistic tax on calorie intake mitigates the individual's weight problem (intensive...
Persistent link: https://www.econbiz.de/10014501872
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Scitovsky, behavioural economics, and beyond
Pugno, Maurizio - In: Economics: The Open-Access, Open-Assessment E-Journal 8 (2014) 2014-24, pp. 1-29
Scitovsky is known as a forerunner of behavioural economics simply because he drew heavily on psychology and claimed that people's choices may be "joyless" (Scitovsky, The joyless economy, 1976). However, a careful reformulation of his analysis shows that he anticipated a number of insights...
Persistent link: https://www.econbiz.de/10010378318
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Enjoyment takes time: Some implications for choice theory
Nisticò, Sergio - In: Economics: The Open-Access, Open-Assessment E-Journal 9 (2015) 2015-8, pp. 1-40
The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the fruitful cross-fertilization between economics and psychology along the lines suggested by Scitovsky in the Joyless Economy. The first part emphasizes how mainstream, utility-based...
Persistent link: https://www.econbiz.de/10010487921
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Choice, deferral, and consistency
Costa-Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative Economics 13 (2022) 3, pp. 1297-1318
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
Persistent link: https://www.econbiz.de/10014536896