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Loss aversion and consumption choice : theory and experimental evidence ; conference paper

Karle, Heiko; Kirchsteiger, Georg; Peitz, Martin - 2013 - Version: May 9, 2013

In this paper we analyze a consumer choice model with price uncertainty, loss aversion, and expectation-based reference points. The implications of this model are tested in an experiment in which participants have to make a consumption choice between two sandwiches. We make use of the fact that...

Persistent link: https://www.econbiz.de/10010339388

Should I stay or should I go? : the role of actuarial reduction rates in individual retirement planning in Germany ; conference paper

Kluth, Sebastian - 2014

This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current pension payments in Germany and to what extent the existence and the magnitude of these reduction rates influence people s retirement planning. First, by evaluating a large...

Persistent link: https://www.econbiz.de/10010484766

The European Commission's scoreboard of macroeconomic imbalances : the impact of preferences on an early warning system ; conference paper

Knedlik, Tobias - 2013

system. It allows the preferences of the politicians involved to be analysed with regard to the two potential errors of an …

Persistent link: https://www.econbiz.de/10010337846

Preferences and exposure to shocks : evidence from a natural experiment in Palestine ; conference paper

Cavatorta, Elisa; Groom, Benjamin - 2014

, time and ambiguity preferences. We exploit the historical episode of the construction of the separation wall between the … State of Israel and the West Bank as an exogenous shock to test changes in fundamental preferences. We find that the wall … affects preferences: people in isolated communities are significantly more risk-tolerant and ambiguity-averse than people who …

Persistent link: https://www.econbiz.de/10010490654