Switch to: References

Add citations

You must login to add citations.
  1. Responding to (un)reasonable requests by an authority.Vittorio Pelligra, Tommaso Reggiani & Daniel John Zizzo - 2020 - Theory and Decision 89 (3):287-311.
    We consider the notions of static and dynamic reasonableness of requests by an authority in a trust game experiment. The authority, modeled as the experimenter, systematically varies the experimental norm of what is expected from trustees to return to trustors, both in terms of the level of each request and in terms of the sequence of the requests. Static reasonableness matters in a self-biased way, in the sense that low requests justify returning less, but high requests tend to be ignored. (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Prospect theory and tax evasion: a reconsideration of the Yitzhaki puzzle.Amedeo Piolatto & Matthew D. Rablen - 2017 - Theory and Decision 82 (4):543-565.
    The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate. Recent literature shows cases in which incorporating prospect theory does and does not overturn the Puzzle. In a general environment that nests both PT and EUT preferences, we provide a detailed study of how the elements of PT affect the Puzzle. PT does not always reverse the Puzzle, hence we give and interpret conditions for when it does and does not. When allowing (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Sunk ‘Decision Points’: a theory of the endowment effect and present bias.Peter Landry - 2019 - Theory and Decision 86 (1):23-39.
    This paper presents a very simple model in which situational cues associated with a particular consumption good compel an agent—who may have otherwise been “thinking about” something else—to consider the decision to consume that good. Within this framework, it is shown how an endowment effect and a present bias can arise through a common mechanism. The analysis points to a novel, contributing role for inattention in understanding both of these behavioral anomalies while also speaking to evidence that they are often (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • The willingness-to-accept/willingness-to-pay disparity in repeated markets: loss aversion or 'bad-deal' aversion?Andrea Isoni - 2011 - Theory and Decision 71 (3):409-430.
    Several experimental studies have reported that an otherwise robust regularity—the disparity between Willingness-To-Accept and Willingness-To-Pay—tends to be greatly reduced in repeated markets, posing a serious challenge to existing reference-dependent and reference-independent models alike. This article offers a new account of the evidence, based on the assumptions that individuals are affected by good and bad deals relative to the expected transaction price (price sensitivity), with bad deals having a larger impact on their utility (`bad-deal’ aversion). These features of preferences explain the (...)
    Download  
     
    Export citation  
     
    Bookmark   4 citations