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The St. Petersburg paradox is one of the oldest challenges of expected value theory. Thus far, explanations of the paradox aim at small probabilities being perceived as zero and the boundedness of utility of the outcome. This paper provides experimental results showing that neither diminishing...
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less well understood. We design a large-scale global survey experiment among renowned experts working in 135 countries to …-national variation in macroeconomic fundamentals. Our experiment uncovers sizable effects of peers and shows that peer information also …
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The online fashion and textile sector is growing in recent years, becoming one of the online sectors with the highest volume of business. However, the bibliography on e-service quality and its consequences in this sector has been underdeveloped in the last years. This paper presents a model that...
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behavior. To accomplish this purpose, study participants role-played as advisors on a tax compliance task. The experiment used …
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