Prospect theory and tax evasion: a reconsideration of the Yitzhaki puzzle [0.03%]
prospect理论与税收逃避：对Yitzhaki悖论的再思考
Amedeo Piolatto,Matthew D Rablen
Amedeo Piolatto
The standard expected utility (EUT) model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). Recent literature shows cases in which incorporating prospect theory (PT) does and does not overtur...
Ryota Nakamura,Marc Suhrcke,Daniel John Zizzo
Ryota Nakamura
We propose a triple test to evaluate the usefulness of behavioral economics models for public health policy. Test 1 is whether the model provides reasonably new insights. Test 2 is on whether these have been properly applied to policy setti...
Revisiting consistency with random utility maximisation: theory and implications for practical work [0.03%]
基于随机效用最大化的决策一致性及其实践意义
Stephane Hess,Andrew Daly,Richard Batley
Stephane Hess
While the paradigm of utility maximisation has formed the basis of the majority of applications in discrete choice modelling for over 40 years, its core assumptions have been questioned by work in both behavioural economics and mathematical...
Orestis Kopsacheilis
Orestis Kopsacheilis
According to the 'Description-Experience gap' (DE gap), when people are provided with the descriptions of risky prospects they make choices as if they overweight the probability of rare events; but when making decisions from experience afte...
An exploration of third parties' preference for compensation over punishment: six experimental demonstrations [0.03%]
第三方偏好补偿多于惩罚的实验研究
Janne van Doorn,Marcel Zeelenberg,Seger M Breugelmans
Janne van Doorn
Research suggests that to restore equity, third parties prefer compensation of a victim over the punishment of a perpetrator. It remains unclear, however, whether this preference for compensation is stable or specific to certain situations....
Robin Cubitt,Gijs van de Kuilen,Sujoy Mukerji
Robin Cubitt
We report an experiment where each subject's ambiguity sensitivity is measured by an ambiguity premium, a concept analogous to and comparable with a risk premium. In our design, some tasks feature known objective risks and others uncertaint...
Bruce Langtry
Bruce Langtry