. Specifically, how trust, confidence and equality matter with regard to tax revenues and tax progressivity. Within this regard, we … achieved strong results linking trust and confidence to higher tax revenues and higher tax progressivity. That is, where trust … among societal members is low, and confidence in public institutions is low, regimes opt for low tax revenues and lenient …

), and outcome confidence (Zakay and Tsal 1993), since perceived ambiguity regarding the effectiveness of the novel health …-risk reducing device affects consumers’ outcome confidence. Results provide some support for loss aversion (Kahneman and Tversky …

, is insignificant, although positive, for this period. Adding a sixth factor that captures the investor’s confidence in …

elicited beliefs are compared to an objective benchmark, we consider a pure subjective belief framework (confidence in own … two stages in the beliefs : beliefs for decision making and confidence beliefs. Our results give support to this model. …

counterparty credit risk. Importantly, we also introduce a mechanism for capturing how swings in ‘confidence’ in the system may …, but also from their effect on confidence in the system. Imposing tougher capital requirements on larger banks than smaller …