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We investigate whether depleting people's cognitive resources (or "willpower") affects the degree to which they are susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that can be temporarily depleted and that a depleted...
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micro-economic theory on the level of individuals. Since economics is a social science, this article proposes that the next …
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can illuminate many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses soccer to test …-Huerta illuminates economics through the world's most popular sport. He offers unique and often startling insights into game theory and … enthusiasts, Beautiful Game Theory is the first book to show what soccer can do for economics. …
Persistent link: https://www.econbiz.de/10010367539
According to the endowment effect there is some discomfort associated with giving up a good, that is to say, we are willing to give up something only if the price is greater than the price we are willing to pay for it. This implies that the indifference curves should designate a reference point...
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To keep up with the rather fast-growing interest in the discipline of Behavioral Finance and Economics caused in part by the new realities of the post-200S world, and the realities prevailing over three decades before and leading up to that year- there is a discernible need for the production of...
Persistent link: https://www.econbiz.de/10010345096
engaging in the activity causes others to offer larger rewards. Our theory yields the testable prediction that such effects are …
Persistent link: https://www.econbiz.de/10010345273
In economics, the market has been understood to steer behavior towards a competitive equilibrium in which all economic actors behave optimally, and in which welfare of society is maximized. Yet many economists have also seen shortcomings to this ideal picture of the market in the form of limited...
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