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Rule of Law, Institutional Quality and Information
Bruno, Randolph Luca - Institute for the Study of Labor (IZA) - 2008
The focus of this paper is the analysis of the persistent lawlessness attitude observed in some transition and developing countries where an overall increase in the quality of institutions is recorded. The mechanism of information diffusion on institutional quality is explored using a model...
Persistent link: https://www.econbiz.de/10005703508
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Prospect Theory and Tax Evasion: A Reconsideration of the Yitzhaki Puzzle
Piolatto, Amedeo; Rablen, Matthew D. - Institute for the Study of Labor (IZA) - 2013
The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct elements of prospect theory and find loss...
Persistent link: https://www.econbiz.de/10010884369
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Toward the Integration of Personality Theory and Decision Theory in the Explanation of Economic and Health Behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon E.; … - Institute for the Study of Labor (IZA) - 2012
emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …
Persistent link: https://www.econbiz.de/10010742085
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Eingeschränkt rationales Verhalten: Evidenz und wirtschaftspolitische Implikationen
Altmann, Steffen; Falk, Armin; Marklein, Felix - Institute for the Study of Labor (IZA) - 2009
Die Präzision ökonomischer Prognosen und die Qualität politischer Handlungsempfehlungen hängen in entscheidendem Ausmaß von der Qualität des zugrunde liegenden Verhaltensmodells ab. Nur ein empirisch gut fundiertes Modell ökonomischen Handelns erlaubt es, die Konsequenzen politischer...
Persistent link: https://www.econbiz.de/10008615417
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Incentive Effects on Risk Attitude in Small Probability Prospects
Lefèbvre, Mathieu; Vieider, Ferdinand M.; Villeval, … - Institute for the Study of Labor (IZA) - 2009
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental investigations. This may however raise an issue of sequentiality of effects as later choices may be influenced by earlier ones. This paper reports instead between-subject results on the...
Persistent link: https://www.econbiz.de/10008527318
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Kinky Choices, Dictators and Split Might: A Non-Cooperative Model for Household Consumption and Labor Supply
Boone, Jan; van der Wiel, Karen; Vermeulen, Frederic - Institute for the Study of Labor (IZA) - 2009
labor supply that allow testing the model against the standard unitary model where a couple behaves as a single decision …
Persistent link: https://www.econbiz.de/10004969337
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Economic Development, Novelty Consumption, and Body Weight: Evidence from the East German Transition to Capitalism
Dragone, Davide; Ziebarth, Nicolas R. - Institute for the Study of Labor (IZA) - 2015
This paper develops a conceptual framework that can explain why economic development goes along with increases in body weight and obesity rates. We first introduce the concept of novelty consumption, which refers to an increase in food availability due to trade or innovation. Then we study how...
Persistent link: https://www.econbiz.de/10011264784
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A Simple Identification Strategy for Gary Becker's Time Allocation Model
Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - Institute for the Study of Labor (IZA) - 2015
The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental...
Persistent link: https://www.econbiz.de/10011268327
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Economic Consequences of Mispredicting Utility
Frey, Bruno S.; Stutzer, Alois - Institute for the Study of Labor (IZA) - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10010884223
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Are Children Decision-Makers Within the Household?
Dauphin, Anyck; El Lahga, AbdelRahmen; Fortin, Bernard; … - Institute for the Study of Labor (IZA) - 2008
capacity nor the power to influence the household decision process. The literature on collective models has so far incorporated …); Blundell et al. (2005)]. This paper seeks to determine whether children of a certain age are decision-makers. We focus on the … decision-making process within households composed of two adults and one child of at least 16 years of age. We first summarize …
Persistent link: https://www.econbiz.de/10005763884