When valuing risky prospects, people typically overweight small probabilities and underweight medium and large probabilities, but there is vast heterogeneity in individual behavior. We explore the relationship between person-specific probability weights, estimated from investment decisions in a...

Energy savings of private households are a timely topic in industrialized countries – not only to prevent further global climate change coming from the use of fossil resources but also to cope with the current energy crisis caused through rapidly increasing energy prices and foreseeable energy...

This study aims to better understand the direct and indirect (spillover effects) impact of a supermarket chain's sustainability label related to the two dimensions animal welfare and climate friendliness, introduced by a Swiss supermarket chain. By showing that the scale has a positive impact on...

Neue Forschungsergebnisse zeigen, dass der ungebremste, vom Menschen verursachte Ausstoß von Kohlendioxid schwerwiegende Folgen für die Weltmeere haben wird. Die fortschreitende Erwärmung zum Einen und die Versauerung der Meere zum Anderen bedrohen die Meeresumwelt sowie die durch...

The COVID-19 pandemic is characterized by social distancing regulations in many countries. At a first glance, such regulations seem to harm residents’ networking, their volunteering, trust, cohesion building activities, etc. which are important facets of social capital. In this study, we...

Evaluations of economic interventions usually focus on one target behavior. This study extends the evaluation scope to multiple untargeted behaviors. We evaluate a hot water saving intervention in a natural field experiment. Despite an exclusive focus on hot water, the intervention changes...

Mobile applications hold promise to foster sustainable mobility behavior, but evaluations of their effectiveness are subject to a number of empirical challenges. We conduct a randomized controlled trial with three distinctive features: unobtrusive tracking of the control group, limited sample...

In this paper, we investigate into people’s willingness to sell their social media data and into personal characteristics associated with the willingness to sell. The study was conducted as an experiment in the laboratory and is the first one to analyze people’s willingness to sell their...