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 …

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 …

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 …

? Fairness norms mightplay an important role in wage-setting decisions. We will explore theoretically and experimentallypossible … fairness considerations of the involved parties. …

Fairness like other social norms is usually stabilized by punishing norm deviations. Reward uncertainty, however … experiment determines endogenously whether unfair offers are detected andsanctionable. In our experiment a proposer and a …

-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …