Experiments are an important governance instrument to support niche development, promote niche-regime interaction, challenge existing regimes and manage transition pathways for sustainable development. However, policy and regulatory learning of experiments are under-explored in the transition...

The dissertation consists of two parts. The first part investigates whether and how to protect cultural goods. In particular, Chapter II analyses how the notion of social identity affects the respective demand for protection of cultural goods independent of its tangible or intangible nature....

Markowitz (1952) hat gezeigt, dass es für risikoaverse Wirtschaftssubjekte sinnvoll ist, das Vermögen auf verschiedene Anlageinstrumente zu verteilen. Doch erweist sich in der Praxis, dass Wirtschaftssubjekte häufig nicht-optimal diversifizierte Portfolios halten. Es gibt viele mögliche...

The paper aims at defining the role of intentions for reciprocity. The ultimatum game is modified, by adding a kind of randomizer (Chinese Whisperʺ), to generate outcomes which are not intended und thus to separate the proposers’ initial intentions from their actual offers. The mechanism...

Behavioral biases in forecasting, particularly the lack of adjustment from current values and the overall clustering of forecasts, are increasingly explained as resulting from the anchoring heuristic. Nonetheless, the classical anchoring experiments presented in support of this interpretation...