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The standard assumption in economic theory is that preferences do not change as a result of experience with the … commodity/service/event. Behavioural scientists have challenged this assumption, claiming that preferences constantly do change … as experience is accumulated. This paper tests the effect of experience with a health-care service on preferences for …
Persistent link: https://www.econbiz.de/10005656214
The paper deals with the different concepts of the human economic preferences in the point of view of the different … preferences theory, followed by the critical analysis of Samuelsson´s concept of the revealed preferences. Further the attention … is being paid to the Rothbard´s concept of the demonstrated preferences and unprecedented Becker´s concept of the stable …
Persistent link: https://www.econbiz.de/10009147143
inquire into the agents' preferences and to explain how they relate to the human genetic endowment and how they change over …
Persistent link: https://www.econbiz.de/10008764620
where politicians offer different policy options and voters demand them based on their individual preferences, one may ask … what determines individuals preferences on trade policy; which economic, cultural, social and elements shape them. Our goal …). Based on an ordered probit model, we conclude that elements such as religion, political preferences, and nationalism, as …
Persistent link: https://www.econbiz.de/10005518323
contexts where politicians offer different policy options and voters demand them based on their individual preferences, one may … ask what determines personal preferences on trade policy; which economic, cultural, social elements shape them. The goal … preference formation of the Hecksher-Ohlin trade model, while elements such as religion, political preferences, and nationalism …
Persistent link: https://www.econbiz.de/10005518386
decision problems (Kreps, 1990). We submit that the relational structure of players’ preferences in a game induces cognitive …
Persistent link: https://www.econbiz.de/10005465212
In this paper, we first replicated Harrison et al. (2012). Then, we studied if the group's size has an impact on group's risk aversion. In line with Harrison et al. (2012), our results confirm that no significant differences occur between individuals and groups risk aversion in three-person...
Persistent link: https://www.econbiz.de/10011556606
This report’s objective is the construction of an index of labour market well-being that is capable of measuring the well-being that individuals in a given society at a given point in time can obtain through the labour market. Besides considering simply the average return from working, workers...
Persistent link: https://www.econbiz.de/10005650216
This paper argues that politicians are overprotected. The costs of political assassination differ systematically depending on whether a private or a public point of view is taken. A politician attributes a very high (if not infinite) cost to his or her survival. The social cost of political...
Persistent link: https://www.econbiz.de/10010264147
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010280689