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Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...
Persistent link: https://www.econbiz.de/10013120848
Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...
Persistent link: https://www.econbiz.de/10009315466
Persistent link: https://www.econbiz.de/10009492047
Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...
Persistent link: https://www.econbiz.de/10009739159
intensity of investments in production technologies. Our sample comprises all investment choices made by manufacturing …-intensive investment projects while investments stimulating growth and reducing carbon emissions increase by 14 percentage points. Both …
Persistent link: https://www.econbiz.de/10015193183
The purpose of this paper is to try to clarify a number of issues about ethical consumerism - in particular, how much do consumers think about ethical product features when making purchases and are there differences between individuals in the extent of their caring. In studying the issue of...
Persistent link: https://www.econbiz.de/10014035012
There is wide-ranging evidence, much of it deriving from economics experiments, of ‘anomalies’ in behaviour that challenge standard preference theories. This paper explores the implications of these anomalies for preference elicitation methods. Because methods that are used to inform public...
Persistent link: https://www.econbiz.de/10002459530
Our research investigates whether social preferences are stable across contexts in the field. We build a unique data set by recruiting participants from a low-income urban neighborhood to participate in a series of laboratory experiments. Their decisions are used to demonstrate the stability of...
Persistent link: https://www.econbiz.de/10014180236
We consider the indifference valuation of an uncertain monetary payoff from the perspective of an uncertainty averse decision maker. We study how the indifference valuation depends on the decision maker's attitudes toward uncertainty. We obtain a characterization of comparative uncertainty...
Persistent link: https://www.econbiz.de/10014182622
Cognitive dissonance is one of the most influential theories in psychology, and its oldest experiential realization is choice-induced dissonance. In contrast to the economic approach of assuming a person's choices reveal their preferences, psychologists have claimed since 1956 that people alter...
Persistent link: https://www.econbiz.de/10014047387