The dissertation mainly consists of two articles: INVESTMENTS IN KAZAKHSTANI DAIRY FARMING: A COMPARISON OF THE CLASSICAL INVESTMENT THEORY AND THE REAL OPTIONS APPROACH Abstract This study analyzes the explanatory potential of the real options approach (ROA) regarding the reluctance of...

This dissertation consists of five essays contributing to a better understanding of three fundamental lines of research in behavioral economics: trust and cooperation in social interactions, gender discrimination, and decision making under risk and uncertainty. All essays are novel contributions...

Jeden Tag treffen Individuen unterschiedliche Entscheidungen, die ihre individuellen und sozialen Präferenzen widerspiegeln. Bis vor nicht allzu langer Zeit standen die individuellen Präferenzen im Mittelpunkt der ökonomischen Theorie. Jetzt werden auch soziale Präferenzen bei der...