Equality of opportunity is usually defined as a situation where the effect of circumstances on outcome is nullified (compensation principle) and effort is rewarded (reward principle). We propose a new version of the reward principle based on the idea that effort deserves reward for it is costly....

This is the first definitive introduction to behavioral economics aimed at advanced undergraduate and postgraduate students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout

Diese Dissertation enthält fünf Studien zur Entwicklung ökonomischen Entscheidungsverhaltens von mehr als 1.000 Kindern im Alter von sechs bis elf Jahren in der zweisprachigen Stadt Meran. Mit Hilfe experimenteller Methoden untersuchen wir die Entwicklung von Geduld, Risikoeinstellung,...

Economics and the Future tackles the discounting issue from a number of angles, ranging from relatively short-term private financial decisions, to very long-term public issues spanning generations. The authors present differing perspectives and original ideas in a style that remains accessible...