Cumulative Prospect Theory (PT) introduced the weighting of probabilities as an additional component to capture risk attitudes. However, this addition would be a less significant challenge to expected utility theory (EU) if utility curvature and probability weighting showed strong positive...

In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...

This paper uses a RCT implemented in state schools in Argentina to estimate the learning impact and cost-effectiveness of different teacher training methods: structured curricula and coaching. Our findings suggest that there is a substantial gain in terms of learning for students with teachers...

In der vorliegenden Studie wird untersucht, inwiefern sich der Einsatz eines spezifischen Zeitfensters bei Survey-Abfragen zum ehrenamtlichen und freiwilligen Engagement - im Vergleich zu Survey-Abfragen mit unspezifischen Zeitfenstern - auf die Selbstangaben von Befragten auswirkt. Die...