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the tax. We conjecture that tax perception depends on the tax rate, the presentation of the tax and the experience … reduces the tax salience. -- field experiment ; real effort experiment ; tax perception ; tax salience ; tax experience …
Persistent link: https://www.econbiz.de/10009516924
Persistent link: https://www.econbiz.de/10001805116
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10013133607
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10013133624
the tax. We conjecture that tax perception depends on the tax rate, the presentation of the tax and the experience …
Persistent link: https://www.econbiz.de/10013119014
The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of diminishing marginal utility of wealth. However, observed choices between risky lotteries are difficult to reconcile with EUM: for example, in the laboratory, subjects' responses on...
Persistent link: https://www.econbiz.de/10012956867
The theory of expected utility maximization (EUM) explains risk aversion as due to diminishing marginal utility of wealth. However, observed choices between risky lotteries are difficult to reconcile with EUM: for example, in the laboratory, subjects' responses on individual trials involve a...
Persistent link: https://www.econbiz.de/10012959374
We present a simple model with tax biases that shows that tax perception depends on (1) the tax rate, (2) tax salience …
Persistent link: https://www.econbiz.de/10013054143
We consider individual decision-making where every alternative appears with a frame (a la Salant and Rubinstein (2008)), for instance a chocolate in a gift-box. The decision maker is subject to inattention that leads to random choice. A novelty in our work is that we explicitly model framing...
Persistent link: https://www.econbiz.de/10012919785
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning--longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10013144509