Pro-social and ethical behavior primarily understood as the ability to sacrifice ones own interest to the benefit of others leads to welfare improvements and social progress, whereas anti-social and unethical actions result in irrevocable welfare losses and destruction. This dissertation...

In this thesis I present three essays in which the influence of heuristics on individual decision making is analyzed and two essays dealing with behavioral aspects of moral costs. In chapter two, we investigate the effect a traders’ decision can have on the disposition effect heuristic when...