If the government's goal is to raise tax revenue in a cost-effective manner, which (if any) occupation categories could be targeted with a higher probability of an audit to yield increased revenue? Looking beyond mere opportunity to evade (e.g., self-employment) and starting from the premise...

Can a simplified United States tax system act as an effective deterrent to individual income tax evasion? Deterrence is usually sought through alternative methods that create fear, for example, increasing the probability of an audit. In contrast, this paper analyzes whether a simple tax system...

In this paper individual overconfidence within the context of an experimental asset market is investigated.

In phase 1 of our experiment every participant plays the ultimatum game with each of the other five group members, each taking the role of proposer and responder. For each of the offers one learns how many participants would have accepted it. The pie is 30 times larger in phase 2. It thus pays...

In this paper we investigate individual overconfidence within the context of an experimental asset market. Overall, 72 participants traded one risky asset on six markets of 12 participants each. Our results indicate that participants are not generally prone to overconfidence. A comparison of two...