In cases of conflict of interest, people can lie directly about payoff relevant private information, or they can evade the truth without lying directly. We analyse this situation theoretically and test the key predictions in an experimental sender-receiver setting. We find senders prefer to...

We elicit individual measures of patience by applying the new Preference for Earlier versus Later Income (PELI) scale for more than 50,000 individuals from 65 countries who took the Gallup End of Year Survey. This simple to apply measure is highly correlated with alternative measures that are...

Companies face increasing pressure to contribute towards a sustainable future while simultaneously providing shareholder value. However, the public may respond negatively to “win-win” initiatives that benefit the environment if they also bring the corporation financial gains. A proposed...

Contents: 1. Introduction - 'changing philosophies' -- 2. The theory philosophy: 'changing theories' -- 3. The rational philosophy: 'changing plans' -- 4. The biological philosophy: 'changing organisms' -- 5. The models philosophy: 'changing consultants' -- 6. The institutional philosophy:...

Markowitz (Journal of Political Economy 60:151–158, <CitationRef CitationID="CR27">1952</CitationRef>) identified a fourfold pattern of risk preferences in outcome magnitude: When outcomes are large, people are risk averse in gains and risk seeking in losses, but risk preferences reverse when the outcomes are small, with people...</citationref>