This paper studies the effects of differences in worldviews on parents? attitudes towards their children. We use unique German survey data containing questions on worldviews, religion, parental behavior, and socioeconomic variables. Our empirical evidence suggests that people with stronger...

I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk transfer, but meeting a conditional need. In this way,...

Time, risk, and social preferences can play a major role in the development of the country. In order to explore these, we conducted a survey of 614 subjects in India. Our results based on the correlations of positive reciprocity and time preferences, trust and cognitive ability, and negative...

We examine whether compliance with the law is associated with prosocial behavior. We test whether people who comply with parking rules are more likely to reply to a survey than people who did not comply with parking rules. We find that parking rule followers have significantly higher response...

Some consumption opportunities, e.g. medical treatments, are both indivisible and only valuable in particular states of nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In general, people are not risk averse anymore even if...