This paper is concerned with the nature of temptation in stochastic choice models. In particular, we study the distinction between the two leading approaches to modeling temptation in the literature (dynamic inconsistency and costly self-control) when preferences are stochastic. We first design...

This paper examines how the effort choices of workers within the same firm interact with each other. In contrast to the existing literature, we show that workers can affect the productivity of their co-workers based on income maximization considerations, rather than relying on behavioral...

This paper examines how the effort choices of workers within the same firm interact with each other. In contrast to the existing literature, we show that workers can affect the productivity of their co-workers based on income maximization considerations, rather than relying on behavioral...

Auf welche Weise beeinflussen Gefühle Entscheidungen? Welche Rolle spielen Gefühle in sozialen Situationen? Wie kommt es zu kollektiven Emotionen? Diesen Fragen geht der in Jerusalem lehrende Ökonomie-Professor hier im Einzelnen nach. Dabei greift er auf aktuelle Forschungsergebnisse, auch...