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This paper presents two studies on narrow bracketing and myopic loss aversion. The first study shows that the tendency to segregate multiple gambles is eliminated if subjects face a certainty equivalent or a probability equivalent task instead of a binary choice. The second study argues that the...
Persistent link: https://www.econbiz.de/10010696609
aggregation, that can be evaluated by the Shapley value in a simple way, is prudential and coherent. …
Persistent link: https://www.econbiz.de/10010760436
We analyze the aggregation problem without the assumption that individuals and society have fully determined and … utilities, where it basically reduces to utilitarianism. In particular, aggregation rules may differ by the relationship between … individual and social indeterminacy. We characterize several subclasses of neutral aggregation rules and show that utilitarian …
Persistent link: https://www.econbiz.de/10010784099
We use micro-data to investigate the relationship between unemployment and mortality in the United States using Logistic regression on a sample of over 16,000 individuals. We consider baselines from 1984 to 1993 and investigate mortality up to ten years from the baseline. We show that poor local...
Persistent link: https://www.econbiz.de/10010786441
statistical aggregation procedure which allows for worker heterogeneity in observables and unobservables and is applicable to an …
Persistent link: https://www.econbiz.de/10010702016
We provide a generalization of Harsanyi (1955)'s aggregation theorem to the case of incomplete preferences at the … aggregation rules that are utilitarian in a generalized sense. Strengthening Pareto indifference to Pareto preference provides a …
Persistent link: https://www.econbiz.de/10010632912
We analyze the aggregation problem without the assumption that individuals and society have fully determined and … utilities, where it basically reduces to utilitarianism. In particular, aggregation rules may differ by the relationship between … individual and social indeterminacy. We characterize several subclasses of neutral aggregation rules and show that utilitarian …
Persistent link: https://www.econbiz.de/10011025649
We provide a generalization of Harsanyi (1955)'s aggregation theorem to the case of incomplete preferences at the … aggregation rules that are utilitarian in a generalized sense. Strengthening Pareto indifference to Pareto preference provides a …
Persistent link: https://www.econbiz.de/10011025731
We provide a generalization of Harsanyi (1995)'s aggregation theorem to the case of incomplete preferences at the … aggregation rules that are utilitarian in a generalized sense. Strengthening Pareto indifference to Pareto preference provides a …
Persistent link: https://www.econbiz.de/10011026030
Persistent link: https://www.econbiz.de/10008455946