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dimensionality of the problems in economics, the ?nite volume method (with or without adaptivity) outperforms pre-existing methods …
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This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic … a broad and self-contained picture of how behavioral economics is changing the mainstream of economics. …
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We examine 434 estimates of the individual discount rate reported in 27 published studies. The estimates vary substantially across studies with reported mean at the value of 0.4. We detect presence of selective reporting in the discounting literature using a meta-analytical methods. Our results...
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We design experiments to jointly elicit risk and time preferences for the adult Danish population. The experimental procedures build on laboratory experiments that have used traditional subject pools. The field experiments utilize field sampling designs that we developed, and procedures that...
Persistent link: https://www.econbiz.de/10015387356
Recently, some theological ethicists have criticized modern economics for offering a rival theology that undermines an … appreciation for creation and God’s gifts. In their view, through the logic of opportunity cost, economics substitutes a tragic … world of scarcity for God’s abundance. Further, the focus in economics on maximizing utility teaches us to be restless …
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