Showing 111 - 120 of 175
The "obesogenic environment" contributes to the global obesity epidemic. However, many believe that obesity is caused solely by individual choice. This paper investigates how the public in Ireland, the UK, and USA perceive the causes, consequences and severity of obesity compared to an expert...
Persistent link: https://www.econbiz.de/10014438685
Persistent link: https://www.econbiz.de/10015196309
We present a theory of exchange that provides an alternative explanation for the endowment effect. Unlike standard neoclassical theories and Prospect Theory, our approach is not based on preference structure, but on adaptive responses to the problem of exchange when value is uncertain. We...
Persistent link: https://www.econbiz.de/10003898721
Following the Euro changeover in January 2002, consumers across the Euro Area perceived a sharp rise in inflation, in contrast to official figures. Several theories have been advanced to explain this apparent economic illusion, but they struggle to account for its striking scale and persistence....
Persistent link: https://www.econbiz.de/10003990371
We hypothesise and confirm a previously unnoticed pattern within pre-existing data on the endowment effect, collected via seven experiments employing the original design. Subjects with low valuations in binary choice relative to other subjects set a proportionally higher willingness to accept....
Persistent link: https://www.econbiz.de/10008990543
A new model of exchange is presented following Marr's conception of a "computational theory". The model combines assumptions from perceptual theory and economic theory to develop a highly generalised formal model. The approach departs from previous models by focussing not on how ownership alters...
Persistent link: https://www.econbiz.de/10010231659
We hypothesise and confirm a novel empirical result concerning the willingness to accept (WTA)-willingness to pay (WTP) disparity. Employing data from what has become the classic experimental design, we reveal systematic variation in the relative magnitudes of three valuations: WTA, WTP and...
Persistent link: https://www.econbiz.de/10010242801
Persistent link: https://www.econbiz.de/10009625588
The unique characteristics of Brian O'Driscoll's international rugby career provide a rare opportunity to obtain a measure of the impact of an individual player on the outcome of a team game. Generally, small samples and selection bias make such estimates unreliable. O'Driscoll, however, was an...
Persistent link: https://www.econbiz.de/10010402363
Persistent link: https://www.econbiz.de/10010430047