Myopic loss aversion (MLA) has been established as one prominentexplanation for the equity premium puzzle. In this … investment flexibility seems to be at least as relevant asfeedback frequency for the effects of myopic loss aversion. When …

foundation for this effect is given by the behavioralconcept of myopic loss aversion (MLA). The consequences of MLA have been … this gap we conduct the first experiment on MLA in which thedegree of myopia is manipulated to change over time. Our …

In this paper we show that a simple model of fairness preferences explains major experimental regularities of common … pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …

the Swiss population. We document that inequality aversion and altruistic concerns play a quantitatively large positive …

refutes the self-interest hypothesis, suggesting that concerns for altruism, fairness, and reciprocity strongly motivate many … the nature of preferences and the relative performance of competing fairness theories. The purpose of this chapter is to … norm violators. We further illustrate the powerful impact of fairness concerns on cooperation, competition, incentives, and …

conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted … directly with people in Uganda and Tanzania, two of the world's poorest countries. In this experiment, the participants were …. First, entitlement considerations are crucial in explaining the distributive behavior of rich people in the experiment …