In this paper we compare three theories of utility formation: prospect theory, regret theory, and a combination which additionally allows for direct utility flows from positive expectations. We then test which of these theories best explains actual connections between health and welfare over...

We propose a simple short-cut to the problem of estimating endogenous peer effects from observed behavior: asking students about peers' ability and their own effort. Our survey evidence indicates that students believe in own-peer complementarities in educational production.

type="main" xml:lang="en" <title type="main">Abstract</title> <p>The increasing availability of large-N datasets on students, schools and student achievement has produced an explosion of research in education economics over the past 20 years. In this data survey, we first review the micro-level education datasets presently...</p>

This paper addresses the emerging educational framework that envisions threshold concepts as mediators of learning outcomes. While the threshold concepts framework is highly appealing on a theoretical level, few researchers have attempted to measure threshold concept acquisition empirically....

We examine the nature of stated subjective probabilities in a complex, evolving context in which true event probabilities are not within subjects' explicit information set. Specically, we collect information on subjective expectations in a car race wherein participants must bet on a particular...

This paper reviews the history of the practice of quarantines, rediscovering the 19th century 'Sanitarian' movement in Britain that sprang from a recognition that quarantines had failed to stop the spread of diseases and were not cost-effective. To our knowledge, the key figure among the...