Many conventional economic analyses assume that risk preference is taken as given and do not give much scrutiny on it. However, empirical studies show that risk preference is not random: shocks and predetermined characteristics can determine risk preference. This study tried to see if these...

Antisocial behaviour experiments, both conducted in the laboratory or in the field, have become commonplace in the experimental economics literature. Such experiment found its relevance in the real world as people are not always selfish or nice to others, but they also sometimes behave...

Many conventional economic analyses assume that risk preference is taken as given and do not give much scrutiny on it. However, empirical studies show that risk preference is not random: shocks and predetermined characteristics can determine risk preference. This study tried to see if these...

Many conventional economic analysis assumes that risk preference is taken as given and do not give much scrutiny on it. However, empirical studies show that risk preference is not random: shocks and predetermined characteristics can determine risk preference. This study tried to see if these...

Many conventional economic analyses assume that risk preference is taken as given and do not give much scrutiny on it. However, empirical studies show that risk preference is not random: shocks and predetermined characteristics can determine risk preference. This study tried to see if these...

The latest 2008 crisis has become a "proof" that the mainstream economics cannot avoid, or even predict, the economic meltdown. The teaching of conventional economics that tend to be homogenous and dominated by the new neoclassical synthesis is thought to be failed in predicting human behavior....