This paper analyses the concrete post-school decision of school students whether to study or to enter the German VET system. It focuses on the investigation of individual risk preferences and the social background of individuals, and the effect on the ultimate decision to enrol in university or...

This paper analyses the concrete post-school decision of school students whether to study or to enter the German VET system. It focuses on the investigation of individual risk preferences and the social background of individuals, and the effect on the ultimate decision to enrol in university or...

Do consumers change their self-medication practices when drug quality changes? We present experimental evidence on this question in the context of Burkina Faso, where self-medication with antibiotics is a prevalent practise. We conduct chemical quality testing of antibiotics and find that one in...

Do consumers change their self-medication practices when drug quality changes? We present experimental evidence on this question in the context of Burkina Faso, where self-medication with antibiotics is a prevalent practise. We conduct chemical quality testing of antibiotics and find that one in...

In this paper, we examine the old-age security hypothesis according to which parents rear children because they expect the latter to care for them in their later years. In developing countries where there are no perfect capital markets, children are usually viewed as a potential source of income...

Risk exists whenever the future is unknown. This paper deals with the concepts of risk and uncertainty, risk attitudes and reaction to risk. It is explained the distinction between objective risk and subjective risk. Also, it presents risk attitudes and factors affecting them and the economic...

Males and females are markedly different in their choice of college major. Two main reasons have been suggested for the gender gap: differences in innate abilities and differences in preferences. This paper addresses the question of how college majors are chosen, focusing on the underlying...

The acts of purchase and sale cannot be realized without product quality evaluation and price “reasonableness” analysis. In this respect, the processes of definition, stabilization and institutionalization of categories and revealing the contents of market commodities turn out to be of key...

This review is devoted to a description and analysis of the book by Diego Gambetta, Codes of the Underworld: How Criminals Communicate. The author studied elements of communicative action basing on signaling theory. In part, he continues the tradition of symbolic interactionism elaborated by...