Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative sense, at stake are the fundamental underpinnings of the bulk of the last half-century’s models of choice under uncertainty. From a positive perspective, the ubiquitous...

Dieses aktuelle Lehrbuch der Volkswirtschaftslehre, das mit vielen aktuellen Fallstudien punktet und Studierende nicht nur in die klassischen Theorien der Marktmechanismen einführt, sondern auch mit neuen Konzepten und Ansätzen, wie z.B. der Spieltheorie, vertraut macht, darf in keinem gut...

Internet-based educational resources are proliferating rapidly. One concern associated with these (potentially transformative) technological changes is that they will be disequalizing - as many technologies of the last several decades have been - creating superstar teachers and a winner-take-all...