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Relevant bibliographies by topics / Behavioral economics, experimental economics, risk-taking / Journal articles

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Journal articles on the topic 'Behavioral economics, experimental economics, risk-taking'

Author: Grafiati

Published: 14 March 2023

Last updated: 31 July 2025

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1

TEPELER, Muhammed İkbal, and Hüseyin DAŞTAN. "Examining the Risk Behaviors of Individuals with Ultimatum Game within the Framework of House Money Effect." International Journal of Contemporary Economics and Administrative Sciences 12, no. 1 (2022): 409–32. https://doi.org/10.5281/zenodo.7087825.

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Abstract The aim of this study is to find out the behavior of the economic individual from the assumption of rationality accepted in the standard economic theories and tend to show that the behavior of the individual is not completely rational and the cognitive capacity is limited. When the assumption of rationality which is the starting point of behavioral economics is questioned, the main aim is not to completely disagree with standard economic theories. On the contrary, it is aimed to support the standard economic theory with a more realistic prediction in the light of experimental methods.

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Zhong, Songfa, Soo Hong Chew, Eric Set, et al. "The Heritability of Attitude Toward Economic Risk." Twin Research and Human Genetics 12, no. 1 (2009): 103–7. http://dx.doi.org/10.1375/twin.12.1.103.

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AbstractThe propensity to take risk underpins a wide variety of decision-making behavior, ranging from common ones such as asking for directions and trying out a new restaurant to more substantial economic decisions involving, for instance, one's investment or career. Despite the fundamental role of risk attitude in the economy, its genetic basis remains unknown. Using an experimental economics protocol combined with a classical twin strategy, we provide the first direct evidence of the heritability of economic risk attitude, at 57%. We do not find a significant role for shared environmental e

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Barberis, Nicholas C. "Thirty Years of Prospect Theory in Economics: A Review and Assessment." Journal of Economic Perspectives 27, no. 1 (2013): 173–96. http://dx.doi.org/10.1257/jep.27.1.173.

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In 1979, Daniel Kahneman and Amos Tversky, published a paper in Econometrica titled “Prospect Theory: An Analysis of Decision under Risk.” The paper presented a new model of risk attitudes called “prospect theory,” which elegantly captured the experimental evidence on risk taking, including the documented violations of expected utility. More than 30 years later, prospect theory is still widely viewed as the best available description of how people evaluate risk in experimental settings. However, there are still relatively few well-known and broadly accepted applications of prospect theory in e

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LIASHENKO, O., and O. DEMIANIUK. "INVESTMENT DECISIONS UNDER RISK: EXPERIMENTAL EVIDENCE ON OPPORTUNISTIC BEHAVIOR AND FINANCIAL MANIPULATION." Economic innovations 27, no. 1(94) (2025): 91–99. https://doi.org/10.31520/ei.2025.27.1(94).91-99.

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Topicality: This study addresses the growing concern of financial misconduct in economic systems, focusing on the interplay between opportunistic financial strategies and individual risk preferences - a critical area in behavioral economics. Understanding these dynamics is essential for promoting ethical decision-making and economic stability. Aim and Task: The main objective of this study is to investigate how risk aversion influences opportunistic behavior in investment decisions, including financial fraud, deception, and strategic manipulation. Additionally, it aims to explore how individua

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DVIGUN, A. O., and P. A. OSOS. "DAMAGE TO THE EDUCATION SECTOR DURING THE WAR. WAYS OF INFLUENCE AND RECONSTRUCTION." REVIEW OF TRANSPORT ECONOMICS AND MANAGEMENT, no. 8(24) (June 12, 2023): 5–11. http://dx.doi.org/10.15802/rtem2022/268713.

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Goal. The article discusses the main features of behavioral economics as a new section of economic theory. The new direction in theory is a reflection of the actual change in the model of human behavior, the impact of the digital economy on the individual and the transformation of property relations under the influence of the market environment, which brings to the fore the issues of recognition of rules, the definition of reputation as a level of trust and economic ethics. It is shown that serious shifts in property relations in the behavioral economy act as evidence of the profound nature of

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OSETSKYI, VALERII, DIANA V. OSETSKA, and OLGA DEMYDIUK. "BEHAVIORAL INSTITUTIONS OF THE DIGITAL ECONOMY: IMPACT ON HUMAN BEHAVIOR, TRANSFORMATION OF PROPERTY RELATIONS AND LEVELS OF TRUST." REVIEW OF TRANSPORT ECONOMICS AND MANAGEMENT, no. 7(23) (February 11, 2023): 5–14. http://dx.doi.org/10.15802/rtem2022/268128.

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Goal. The article discusses the main features of behavioral economics as a new section of economic theory. The new direction in theory is a reflection of the actual change in the model of human behavior, the impact of the digital economy on the individual and the transformation of property relations under the influence of the market environment, which brings to the fore the issues of recognition of rules, the definition of reputation as a level of trust and economic ethics. It is shown that serious shifts in property relations in the behavioral economy act as evidence of the profound nature of

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Cui, Pan, Xuanwen Liu, and Fenfang Lin. "An Experimental Analysis of Individual Irregularities Under the Temptation of Money: Network Simulation Interactive Platform Based on HTML5." Asian Business Research 4, no. 3 (2019): 79. http://dx.doi.org/10.20849/abr.v4i3.689.

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Irregularities in economic activities are actually the result of mutual game between different stakeholders. This research combines psychology and experimental economics to analyze irregularities. This research is done on the HBuilder software platform, using HTML5 and other technologies. According to the Nash Equilibrium Theory, the behavioral trajectory of the participant is described. In the real incentive situation, the individual's decision-making behavior in the face of social dilemma is investigated. From the perspective of cost-benefit, the game characteristics of individual irregulari

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TISDELL, CLEM. "LINKING POLICIES FOR BIODIVERSITY CONSERVATION WITH ADVANCES IN BEHAVIORAL ECONOMICS." Singapore Economic Review 50, spec01 (2005): 449–62. http://dx.doi.org/10.1142/s0217590805002141.

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Global biodiversity loss and its consequences for human welfare and sustainable development have become major concerns. Economists have, therefore, given increasing attention to the policy issues involved in the management of genetic resources. To do so, they often apply empirical methods developed in behavioral and experimental economics to estimate economic values placed on genetic resources. This trend away from almost exclusive dependence on axiomatic methods is welcomed. However, major valuation methods used in behavioral economics raise new scientific challenges. Possibly the most import

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Embrey, Matthew, Christian Seel, and J. Philipp Reiss. "Gambling in risk-taking contests: Experimental evidence." Journal of Economic Behavior & Organization 221 (May 2024): 570–85. http://dx.doi.org/10.1016/j.jebo.2024.02.024.

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Brock, J. Michelle, Andreas Lange, and Erkut Y. Ozbay. "Dictating the Risk: Experimental Evidence on Giving in Risky Environments." American Economic Review 103, no. 1 (2013): 415–37. http://dx.doi.org/10.1257/aer.103.1.415.

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We study if and how social preferences extend to risky environments. We provide experimental evidence from different versions of dictator games with risky outcomes and establish that preferences that are exclusively based on ex post or on ex ante comparisons cannot generate the observed behavioral patterns. The more money decision-makers transfer in the standard dictator game, the more likely they are to equalize payoff chances under risk. Risk to the recipient does, however, generally decrease the transferred amount. Ultimately, a utility function with a combination of ex post and ex ante fai

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Lefebvre, Mathieu, and Ferdinand M. Vieider. "Risk taking of executives under different incentive contracts: Experimental evidence." Journal of Economic Behavior & Organization 97 (January 2014): 27–36. http://dx.doi.org/10.1016/j.jebo.2013.10.008.

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Bauer, Michal, Julie Chytilová, and Jonathan Morduch. "Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India." American Economic Review 102, no. 2 (2012): 1118–39. http://dx.doi.org/10.1257/aer.102.2.1118.

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We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit, a financial tool designed to reduce poverty and fix credit market imperfections. The evidence suggests that microcredit contracts may do more than reduce moral hazard and adverse selection by imposing new forms of discipline on borrowers. We find that, conditional on borrowing from any source, women with present-biased preferences are more likely than others to borrow through microcredit institutions. Another particular contribution of microcredit may

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Carter, Michael, Ghada Elabed, and Elena Serfilippi. "Behavioral economic insights on index insurance design." Agricultural Finance Review 75, no. 1 (2015): 8–18. http://dx.doi.org/10.1108/afr-03-2015-0013.

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Purpose – While behavioral economic experiments have uncovered a wealth of insights concerning how people decide in the face of risk and uncertainty, the implications of these insights for the demand for agricultural insurance are under-explored. The purpose of this paper is to report on results from two recent field experiments that measure the extent to which farmer behavior departs from the predictions of expected utility theory and derives the implications of these departures for insurance demand. Design/methodology/approach – Framed behavioral field experiments were played with random sam

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Veszteg, Róbert F., Kaori Yamakawa, Tetsuya Matsubayashi, and Michiko Ueda. "Acute stress does not affect economic behavior in the experimental laboratory." PLOS ONE 16, no. 1 (2021): e0244881. http://dx.doi.org/10.1371/journal.pone.0244881.

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We report statistical results from a laboratory experiment in which participants were required to make decisions with monetary consequences in several solitary and interactive situations under acute stress. Our study follows the tradition of behavioral and experimental economics in selecting the experimental situations and incorporates elements from medical and psychological research in the way stress is induced and measured. It relies on a larger sample, with 192 volunteers, than previous studies to achieve higher statistical power. The main conclusion, drawn from binary comparisons between t

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Pustovit, Sasha, Andrea L. Hetrick, and Tanja R. Darden. "Unethical Conduct Under Uncertainty: A Fear-Based Perspective." Journal of Risk and Financial Management 18, no. 2 (2025): 103. https://doi.org/10.3390/jrfm18020103.

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Rising uncertainty in the business environment has coincided with a significant increase in unethical behaviors within organizations, posing substantial financial and reputational risks. Unethical conduct is estimated to cost organizations around the world more than USD 4.5 trillion per year, impacting corporate financial stability, investor confidence, and market integrity. Traditional risk assessment and predictive models, which rely on historical data, often fail to account for behavioral responses to uncertainty, creating blind spots in financial risk management and economic forecasting. T

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Anysiadou, Melpomeni. "Exploring Attitude toward Virtual Bank Cards Using Nudge Theory and Experimental Analysis." Business and Economic Research 13, no. 1 (2023): 15. http://dx.doi.org/10.5296/ber.v13i1.20703.

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Purpose: The study aimed to investigate Greek consumers' attitudes and actual behavior toward virtual bank cards and to show whether Experimental Economics can incentivize these banking products.Methodology: For data collection, a specially designed experiment was conducted among Greek consumer samples according to Experimental Economics and Nudging Theory principles. Econometric analysis was conducted through Multi-level Models and Bivariate statistical tests.Results: Results suggest that demographic characteristics such as age combined with personalization and consumer risk perception play a

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Burakov, Dmitry. "Retesting the institutional memory hypothesis: An experimental study." Panoeconomicus 65, no. 4 (2018): 441–58. http://dx.doi.org/10.2298/pan160105003b.

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In this article, we set ourselves a task to test institutional memory hypothesis as a core of endogenous credit cycles. According to this hypothesis, risks taken by creditors depend largely on availability heuristic and experience of loan officers. To assess validity of this hypothesis we construct and estimate a simple VAR model. The data for this model is acquired from results of an experimental study (lasted for 70 rounds), the purpose of which is to identify behavioral patterns of participants while meeting demand for credit, specifics of subjectively weighted assessment of credit risk, ba

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Pickett, Justin T. "Using Behavioral Economics to Advance Deterrence Research and Improve Crime Policy: Some Illustrative Experiments." Crime & Delinquency 64, no. 12 (2018): 1636–59. http://dx.doi.org/10.1177/0011128718763136.

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Recent experiments show that offender decision making is characterized by the use of cognitive heuristics. Questions remain about what this means for deterrence research and policy. I argue that the primary task is to identify ways to leverage decision-making biases to reduce crime. I outline three avenues for future research on deterrence, and discuss their relevance for crime policy. To illustrate these lines of inquiry and stimulate additional studies, I provide initial experimental results for each topic. I report evidence that (a) pseudocertainty publicity can increase perceived arrest ri

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Klempt, Charlotte, Kerstin Pull, and Manfred Stadler. "Asymmetric Information in Simple Bargaining Games: An Experimental Study." German Economic Review 20, no. 1 (2019): 29–51. http://dx.doi.org/10.1111/geer.12138.

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Abstract Bilateral bargaining situations are often characterized by informational asymmetries concerning the size of what is at stake: in some cases, the proposer is better informed, in others, it is the responder. We analyze the effects of both types of asymmetric information on proposer behavior in two different situations which allow for a variation of responder veto power: the ultimatum and the dictator game. We find that the extent to which proposers demand less in the ultimatum as compared to the dictator game is (marginally) smaller when the proposer is in the superior information posit

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Blavatskyy, Pavlo, Andreas Ortmann, and Valentyn Panchenko. "On the Experimental Robustness of the Allais Paradox." American Economic Journal: Microeconomics 14, no. 1 (2022): 143–63. http://dx.doi.org/10.1257/mic.20190153.

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The Allais Paradox, or the common consequence effect, is a well-known behavioral regularity in individual decision-making under risk. Data from 81 experiments reported in 29 studies reveal that the Allais Paradox is a fragile empirical finding. The Allais Paradox is likely to be observed in experiments with high hypothetical payoffs, the medium outcome being close to the highest outcome and when lotteries are presented as a probability distribution (not in a compound form). The Allais Paradox is likely to be reversed in experiments when the probability mass is equally split between the lowest

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Blattman, Christopher, Sebastian Chaskel, Julian C. Jamison, and Margaret Sheridan. "Cognitive Behavioral Therapy Reduces Crime and Violence over Ten Years: Experimental Evidence." American Economic Review: Insights 5, no. 4 (2023): 527–45. http://dx.doi.org/10.1257/aeri.20220427.

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Several small, short-term, or nonexperimental studies show that cognitive behavioral–informed interventions reduce antisocial behaviors over one to two years, but persistence research is rare. We followed 999 high-risk men in Liberia ten years after randomization into eight weeks of low-cost, nonspecialist-led therapy; $200 cash; both; or neither. A decade later, antisocial behaviors (such as robbery and drug selling) fell 0.2 standard deviations from therapy alone—significantly greater than the one-year impacts. Meanwhile, men who received therapy plus cash were 0.25 standard deviations less

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White, Mark D. "Nudging Debt: On the Ethics of Behavioral Paternalism in Personal Finance." Journal of Financial Counseling and Planning 28, no. 2 (2017): 225–34. http://dx.doi.org/10.1891/1052-3073.28.2.225.

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In recent years, experimental psychology and behavioral economics have cast doubt on the quality and reliability of individual decision making, especially in complicated choice contexts involving risk and time. These factors imply that financial decision making is particularly subject to such doubts, which has generated calls for increased regulation based on behavioral science to help people avoid imprudent decisions regarding borrowing, such as those implemented by the relatively new Consumer Financial Protection Bureau. This article argues that such interventions are fraught with ethical pr

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Wright, James, and Kevin Leyton-Brown. "Beyond Equilibrium: Predicting Human Behavior in Normal-Form Games." Proceedings of the AAAI Conference on Artificial Intelligence 24, no. 1 (2010): 901–7. http://dx.doi.org/10.1609/aaai.v24i1.7644.

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It is standard in multiagent settings to assume that agents will adopt Nash equilibrium strategies. However, studies in experimental economics demonstrate that Nash equilibrium is a poor description of human players' initial behavior in normal-form games. In this paper, we consider a wide range of widely-studied models from behavioral game theory. For what we believe is the first time, we evaluate each of these models in a meta-analysis, taking as our data set large-scale and publicly-available experimental data from the literature. We then propose modifications to the best-performing model th

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Lude, Maximilian, and Reinhard Prügl. "Risky Decisions and the Family Firm Bias: An Experimental Study Based on Prospect Theory." Entrepreneurship Theory and Practice 43, no. 2 (2018): 386–408. http://dx.doi.org/10.1177/1042258718796078.

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In this article, we look at how a family firm signal affects decision making of nonprofessional investors. Grounded in prospect theory and supported by empirical evidence from a choice-based experimental study ( N = 418) backed by a qualitative study, we demonstrate a behavioral bias induced by the family firm signal. This family firm bias shifts nonprofessional investors’ preferences toward the high-risk alternative in a choice situation. Accordingly, processing the family firm information seems to moderate risk aversion as risk avoidance is decreased in the gain domain, while risk seeking is

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Halevy, Yoram. "Strotz Meets Allais: Diminishing Impatience and the Certainty Effect." American Economic Review 98, no. 3 (2008): 1145–62. http://dx.doi.org/10.1257/aer.98.3.1145.

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Decision makers tend to exhibit a higher degree of impatience when considering a delay to an immediate reward than when contemplating an identical delay to an equal future reward. This work argues that diminishing impatience originates from the distinction between the certain present and the risky future. A simple functional representation of preferences, exhibiting time inconsistency when the future is uncertain, is derived. Experimental evidence, which is inconsistent with other formulations that account for diminishing impatience, supports the proposed approach. The new theory uncovers a ti

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González-Roz, Alba, Itziar Suárez-Martínez, Gema Alonso-Diego Alonso-Diego, Víctor Martínez-Loredo, and Roberto Secades-Villa. "Insights from behavioral economics to characterize substance use involvement in adolescents: a cluster analysis." Revista de Psicología Clínica con Niños y Adolescentes 8, no. 2 (2021): 37–43. http://dx.doi.org/10.21134/rpcna.2021.08.2.5.

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Reinforcement pathology (RP), a framework rooted in behavioral economics, has contributed to advances in the etiology and treatment of substance use. Drug demand and delay discounting (DD) have gained considerable interest, as they inform on the risk for escalation to substance use as well as treatment-specific targets. No prior study conducted in Spain has explored the interplay of demand and DD in adolescents. This study was aimed to: 1) identify whether DD and alcohol demand can yield empirically driven subgroups, and 2) examine differences in substance use involvement. The sample comprised

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Zumaeta, Jorge N. "Meta-Analysis of Seven Standard Experimental Paradigms Comparing Student to Non-student." Journal of Economics and Behavioral Studies 13, no. 2(J) (2021): 22–33. http://dx.doi.org/10.22610/jebs.v13i2(j).3179.

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This study embarked on the very challenging proposition of systematically organizing and classifying an assortment of experimental economics essays pertinent to seven experiments performed with both non-student and student populations. The experiments were the Dictator game, Stag Hunt – Coordination game, Risk Aversion Measurement (as measured by the players type of lottery choice), Trust game, Guessing game, Prudence Measurement, and the Guessing game. This meta-analysis reviewed 126 published and unpublished papers collected from several journals and papers provided by several authors via th

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Seiler, Michael J. "International Real Estate Review." International Real Estate Review 17, no. 2 (2014): 137–56. http://dx.doi.org/10.53383/100182.

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This study uses a behavioral approach to measure the impact of a partial eminent domain land taking (which affects easement rights and causes proximity damage) on residential property values. Existing appraisal methods are not suited to handle this type of unique valuation impact determination, yet diminution must be determined by the courts to establish proper "just compensation". To accomplish the quantification of damages, an experimental design is implemented that allows the market to voice its opinion of valuation impact through a mechanism other than direct comparable sales. Moreover, th

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Balkenborg, Dieter, and Rosemarie Nagel. "An Experiment on Forward vs. Backward Induction: How Fairness and Level k Reasoning Matter." German Economic Review 17, no. 3 (2016): 378–408. http://dx.doi.org/10.1111/geer.12099.

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AbstractWe report the experimental results on a game with an outside option where forward induction contradicts with backward induction based on a focal, risk dominant equilibrium. The latter procedure yields the equilibrium selected by Harsanyi and Selten’s (1988) theory, which is hence here in contradiction with strategic stability (Kohlberg and Mertens, 1986). We find the Harsanyi-Selten solution to be in much better agreement with our data. Since fairness and bounded rationality seem to matter we discuss whether recent behavioral theories, in particular fairness theories and learning, migh

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Bjorvatn, Kjetil, Alexander W. Cappelen, Linda Helgesson Sekei, Erik Ø. Sørensen, and Bertil Tungodden. "Teaching Through Television: Experimental Evidence on Entrepreneurship Education in Tanzania." Management Science 66, no. 6 (2020): 2308–25. http://dx.doi.org/10.1287/mnsc.2019.3321.

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Can television be used to teach and foster entrepreneurship among youth in developing countries? We report from a randomized control field experiment of an edutainment show on entrepreneurship broadcasted over almost three months on national television in Tanzania. The field experiment involved more than 2,000 secondary school students, where the treatment group was incentivized to watch the edutainment show. We find some suggestive evidence of the edutainment show making the viewers more interested in entrepreneurship and business, particularly among females. However, our main finding is a ne

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Čop, Tajana, and Mario Njavro. "Application of Discrete Choice Experiment in Agricultural Risk Management: A Review." Sustainability 14, no. 17 (2022): 10609. http://dx.doi.org/10.3390/su141710609.

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The study of human behaviour has been cementing its place within economics for decades. The complexity of decisions in family farming, challenging agricultural markets, and climate change have drawn attention to human behaviour, namely risk perceptions and the decision-making process, with a focus on agricultural economics. This paper reviews current knowledge on risk management in agriculture from the behavioral perspective, and from the perspective experimental economics in particular, emphasizing a discrete choice experiment approach. A discrete choice experiment (DCE) elicits stated prefer

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Payne, Collin R., Kent D. Messer, and Harry M. Kaiser. "Which Consumers Are Most Responsive to Media-Induced Food Scares?" Agricultural and Resource Economics Review 38, no. 3 (2009): 295–310. http://dx.doi.org/10.1017/s1068280500009552.

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In understanding decreases in demand after exposure to media-induced food scares, aggregate data are almost exclusively presented without taking into consideration potential confounding variables. However, a better approach may be to use an experimental design coupled with targeting homogeneous willingness-to-pay (WTP) subgroups based on similarities in behavioral, psychological, and demographic characteristics of those who are most vulnerable to food scare information. This is accomplished through experimental economics and an analysis strategy called a classification and regression tree (CAR

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Hafner-Burton, Emilie M., D. Alex Hughes, and David G. Victor. "The Cognitive Revolution and the Political Psychology of Elite Decision Making." Perspectives on Politics 11, no. 2 (2013): 368–86. http://dx.doi.org/10.1017/s1537592713001084.

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Experimental evidence in cognitive psychology and behavioral economics is transforming the way political science scholars think about how humans make decisions in areas of high complexity, uncertainty, and risk. Nearly all those studies utilize convenience samples of university students, but in the real world political elites actually make most pivotal political decisions such as threatening war or changing the course of economic policy. Highly experienced elites are more likely to exhibit the attributes of rational decision-making; and over the last fifteen years a wealth of studies suggest t

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Niv, Yael, Daphna Joel, Isaac Meilijson, and Eytan Ruppin. "Evolution of Reinforcement Learning in Uncertain Environments: A Simple Explanation for Complex Foraging Behaviors." Adaptive Behavior 10, no. 1 (2002): 5–24. http://dx.doi.org/10.1177/1059-712302-010001-01.

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Reinforcement learning is a fundamental process by which organisms learn to achieve goals from their interactions with the environment. Using evolutionary computation techniques we evolve (near-)optimal neuronal learning rules in a simple neural network model of reinforcement learning in bumblebees foraging for nectar. The resulting neural networks exhibit efficient reinforcement learning, allowing the bees to respond rapidly to changes in reward contingencies. The evolved synaptic plasticity dynamics give rise to varying exploration/exploitation levels and to the well-documented choice strate

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Tymula, Agnieszka. "An experimental study of adolescent behavior under peer observation: Adolescents are more impatient and inconsistent, not more risk-taking, when observed by peers." Journal of Economic Behavior & Organization 166 (October 2019): 735–50. http://dx.doi.org/10.1016/j.jebo.2019.08.014.

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Wu, Ding, Xunhua Guo, Yuejun Wang, and Guoqing Chen. "A Warning Approach to Mitigating Bandwagon Bias in Online Ratings: Theoretical Analysis and Experimental Investigations." Journal of the Association for Information Systems 24, no. 4 (2023): 1132–61. http://dx.doi.org/10.17705/1jais.00817.

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Current online review systems widely suffer from rating biases. Biased ratings can lead to violations of customer trust and failures of business intelligence. Hence, both practitioners and researchers have directed massive efforts toward curbing rating biases. In this paper, we investigate bandwagon bias, the rating distortion resulting from individuals posting ratings shifted toward the displayed average rating, and propose a bias warning approach to mitigate this bias. Drawing on the flexible correction model, the theory of valuation in behavioral economics, and previous warning research, we

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Ullberg, Eskil. "Economic efficiency and field-of-use pricing of SEP licences under FRAND terms." Queen Mary Journal of Intellectual Property 9, no. 4 (2019): 392–413. http://dx.doi.org/10.4337/qmjip.2019.04.02.

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This article is concerned with the producer market in patented technology, and whether price differentiation based on field-of-use – a common strategy adopted by businesses with high fixed costs – is economically efficient. The focus is on the licensing of Standard Essential Patents (SEPs) on Fair, Reasonable and Non-Discriminatory (FRAND) terms and conditions, including also the Internet of Things (IoT) applications, and the economic growth in the digital economy, especially for small and medium sized enterprises (SMEs). The central argument proposed is that the absolute difference in the val

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Thomas, Catherine Cole, and Hazel Rose Markus. "Enculturating the Science of International Development: Beyond the WEIRD Independent Paradigm." Journal of Cross-Cultural Psychology 54, no. 2 (2023): 195–214. http://dx.doi.org/10.1177/00220221221128211.

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Initiatives in international development and behavioral science rely predominantly on the independent models of the self and agency that are prevalent in individualist Western, Educated, Industrialized, Rich, and Democratic (WEIRD) cultural contexts. Programs that are guided by these independent models, explicitly or implicitly, as the default way of being and that neglect interdependent models can reduce the potential of development initiatives to advance poverty reduction and well-being in two ways. First, programs based solely on independent models of agency—centered on personal goals and v

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Yeoh, Wee Win. "The Relevance and Performance of TNB Stock: A Comparison to the Malaysian Stock Market." Inverge Journal of Social Sciences 2, no. 3 (2023): 107–23. https://doi.org/10.63544/ijss.v2i3.51.

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The purpose of the study had been aimed to further the understanding in exploring the relevance performance of the monopoly stock of Tenaga Nasional Berhad (TNB) to assess the stock performance return in comparison against the Malaysian stock market with reference towards the measurement of the Kuala Lumpur Stock Exchange (KLSE) market index performance as the benchmark. With reference to the previous studies, there is relevance support to identify the tendency of the findings to suggest the higher performance for the major stocks like TNB stock where the business model of TNB being monopolizi

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Lippi, Andrea, Edoardo Lozza, Federica Poli, and Cinzia Castiglioni. "How does the emotional meaning associated with money and financial advisor’s characteristics impact investors’ risk-taking?" Journal of Neuroscience, Psychology, and Economics 14, no. 4 (2021): 207–21. http://dx.doi.org/10.1037/npe0000150.

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Proestakis, Antonios, Antonio M. Espín, Filippos Exadaktylos, Alexandra Cortés Aguilar, Olusegun A. Oyediran, and Luis A. Palacio. "The separate effects of self-estimated and actual alcohol intoxication on risk taking: A field experiment." Journal of Neuroscience, Psychology, and Economics 6, no. 2 (2013): 115–35. http://dx.doi.org/10.1037/npe0000004.

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Mußhoff, Oliver, Norbert Hirschauer, Sven Grüner, and Stefan Pielsticker. "Bounded rationality and the adoption of weather index insurance." Agricultural Finance Review 78, no. 1 (2018): 116–34. http://dx.doi.org/10.1108/afr-02-2017-0008.

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Purpose The purpose of this paper is to check which role-bounded rationality might play as an explanation for farmers’ missing willingness to adopt weather index insurance (WII). WII is an innovative risk management instrument that causes low administration and regulation costs. Moreover, index insurance is plagued neither by moral hazard nor by adverse selection. Nonetheless, WII has been little used to date in agriculture. Design/methodology/approach An extra-laboratory experiment in the form of a multi-period, single-person business simulation game is conducted with farmers as experimental

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Asgarnezhad Nouri, Bagher, Samira Motamedi, and Milad Soltani. "Empirical Analysis of the Financial Behavior of Investors with Brand Approach (Case Study: Tehran Stock Exchange)." Scientific Annals of Economics and Business 64, no. 1 (2017): 97–121. http://dx.doi.org/10.1515/saeb-2017-0007.

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Abstract Behavioral science in the field of finance and investment is among new topics raised in recent years. The relationship between financial sciences and other fields of social sciences such as financial psychology has caused researchers to do many researches regarding the behavior of investors in the financial markets and their reactions to different situations. Based on the theories of financial behavior, shareholders' decision to buy and sell stocks is under the influence of internal and external psychological factors. Through designing and experimental testing of the model of investor

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Qadir, Mariyam, Dr Saqib Gulzar, and Dr Muhammad Owais. "Dynamics of Volatility Spillover among the US and emerging Asian stock markets amid the COVID-19 pandemic." Inverge Journal of Social Sciences 2, no. 3 (2023): 44–64. https://doi.org/10.63544/ijss.v2i3.46.

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This study examines the dynamics of volatility Spillover among the US and emerging Asian Stock markets (China, Pakistan, India, Malaysia and Korea) amid the COVID-19 pandemic. The analysis used data of daily stock returns and the time period is divided into two phases: pre and during COVID-19. The pre period is from November 1st, 2017 to November 30th, 2019 and during period is from December 1st, 2019 to December 31st, 2021. The pre-period has been taken for comparative purpose. The Spillover index method provided by Diebold and Yilmaz (2012) is use to check these dynamics. The findings indica

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Cao, Ying (Jessica), Calum Turvey, Jiujie Ma, Rong Kong, Guangwen He, and Jubo Yan. "Incentive mechanisms, loan decisions and policy rationing." Agricultural Finance Review 76, no. 3 (2016): 326–47. http://dx.doi.org/10.1108/afr-08-2015-0032.

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Purpose The purpose of this paper is to investigate whether negative incentives in the pay-for-performance mechanism would trigger loan officers to strategically reject potentially good loans. If so, what is the feasible solution to alleviate the problem. Design/methodology/approach A framed field experiment was conducted to test loan decision behaviors using loan officers from Rural Credit Cooperatives in Shandong, China. A 2 by 2 between-subject design was adopted to generate variation in incentives and prior information about credit risks. Findings Results showed that loan officers did rati

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R., Raga Sudha, and E. Raja Justus Dr. "PSYCHOLOGICAL IMPACT ON FINANCIAL INVESTMENT WITH SPECIAL REFERENCE TO ORGANIZED SECTOR EMPLOYEES IN TAMIL NADU." Manager - The British Journal of Administrative Management 57, no. 145 (2021): 267–74. https://doi.org/10.5281/zenodo.5993874.

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<strong>ABSTRACT</strong> The main aim of the study is to know the psychological factors impact on financial investment among organized sector employees in Tamil Nadu and study the influence of psychological factors on financial investment among organized sector employees in Tamil Nadu. The method used for data collection was based on the exploratory nature of research using descriptive survey design. The researcher herself carried out the field work for the study. The researcher used interview schedule for the collection of data from organized sector employees. The filled up schedules were ch

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Schoemaker, Paul J. H. "Determinants of risk-taking: Behavioral and economic views." Journal of Risk and Uncertainty 6, no. 1 (1993): 49–73. http://dx.doi.org/10.1007/bf01065350.

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Wójcicki, Włodzimierz. "Review of the Monograph “Unconditional Basic Income. A Revolutionary Reform of the 21st Century Society” By Maciej Szlinder, Pwn, Warsaw, 2018, P. 310." Economic and Regional Studies / Studia Ekonomiczne i Regionalne 13, no. 3 (2020): 363–74. http://dx.doi.org/10.2478/ers-2020-0027.

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SummaryThe economic forum currently sees the postulate of a multi-dimensional analysis of economic issues, as exemplified by behavioural and institutional economics, cliometrics, wikinomics and others – taking into consideration of the achievements of cultural anthropology, sociology, ethics, philosophy, the history of economics, as well as selected exact sciences, such as mathematics and physics. The redistribution economics, the relationship between capital and labour, the issues of the precariat, guaranteed minimum income for each citizen – both conditional and unconditional, which is a new

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Nikolov, Plamen. "Time Delay and Investment Decisions: Evidence from An Experiment in Tanzania." Economics Bulletin 38, no. 2 (2018): 1124–37. https://doi.org/10.5281/zenodo.3346049.

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Attitudes toward risk underlie virtually every important economic decision an individual makes. In this experimental study, I examine how introducing a time delay into the execution of an investment plan influences individuals’ risk preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the outset, in the <em>Decision Stage </em>(<em>Stage 1</em>), each subject was asked to make an investment plan by splitting a monetary investment amount between a risky asset and a safe asset. Subjects were informed that the investment pl

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Hu, Bowen. "Central Bank Digital Currencies(CBDCs) and the Global Monetary System: Behavioral Impacts and Policy Implications." Journal of Applied Economics and Policy Studies 16, no. 1 (2025): 64–68. https://doi.org/10.54254/2977-5701/2025.20748.

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The advent of the Central Bank Digital Currencies (CBDCs) marks a turning point in global money. With the rise of digital currencies such as Bitcoin, CBDCs provide a platform for central banks to continue to administer monetary policy while taking part in the digital economy. In this article, we examine the behavioural and macroeconomic effects of CBDCs with regard to how they could affect consumers, national economies and global financial markets. Based on the experimental data and observational findings, the paper considers the effect of CBDCs on the consumers finances (spending and saving),

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