Open Access. Powered by Scholars. Published by Universities.®

Behavioral Economics Commons

Open Access. Powered by Scholars. Published by Universities.®

1716 Full-Text Articles 1289 Authors 257347 Downloads 111 Institutions

All Articles in Behavioral Economics

Faceted Search

1716 full-text articles. Page 1 of 54.

Sources Of Referral In Student Financial Counseling, Shinae Choi, Suzanne Bartholomae, Clinton G. Gudmunson, Jonathan Fox 2016 University of Alabama - Tuscaloosa

Sources Of Referral In Student Financial Counseling, Shinae Choi, Suzanne Bartholomae, Clinton G. Gudmunson, Jonathan Fox

Journal of Financial Therapy

This study evaluates sources of referral to financial counseling and varied declines in financial stress across the financial counseling process. College students came to counseling most often through self-referral. Younger students and women were more likely to respond to institutional referrals. There were two clearly discernable periods of decline in financial stress, smaller interim declines occurring after requesting appointments and larger declines that occurred in counseling sessions. The interim declines, however, were only operative for those who were self- or institutionally-referred and not for those who entered on a social-referral. A possible explanation is that social-referrals have already had “someone ...


The Perverse Behavioral Economics Of Disclosing Standard Terms, Tess Wilkinson-Ryan 2016 University of Pennsylvania Law School

The Perverse Behavioral Economics Of Disclosing Standard Terms, Tess Wilkinson-Ryan

Faculty Scholarship

In consumer contracting, the ritual of documentation and provision of terms is essentially vestigial, at least as a form of deal-making communication between the parties. This paper starts with a thought experiment: what would it look like to have contracts but no standard terms? Most scholarly and political approaches to the mismatch of contract law and consumer contracting have focused on the information problem in consumer contracting—the difficulty of the required cognitive processing—and thus the proposed solutions have focused on how to make terms more salient or easier to assimilate. I argue that the focus on salience is ...


Investor Financial Literacy In The Workplace, Jill E. Fisch, Tess Wilkinson-Ryan, Kristin Firth 2016 University of Pennsylvania Law School

Investor Financial Literacy In The Workplace, Jill E. Fisch, Tess Wilkinson-Ryan, Kristin Firth

Jill Fisch

The dramatic shift from traditional pension plans to participant-directed 401(k) plans has increased the decision-making responsibility of individual investors for their own retirement planning. With this shift comes increasing evidence that investors are making poor decisions in choosing how much to save for retirement and in selecting among their investment options. Studies question the value of efforts to improve these decisions through regulatory reforms or investor education.

This article posits that deficiencies in workplace retirement savings cannot be adequately addressed until the reasons for poor investment decisions are better understood. We report the results of a study designed to ...


Regulatory Responses To Investor Irrationality: The Case Of The Research Analyst, Jill E. Fisch 2016 University of Pennsylvania Law School

Regulatory Responses To Investor Irrationality: The Case Of The Research Analyst, Jill E. Fisch

Jill Fisch

An extensive body of behavioral economics literature suggests that investors do not behave with perfect rationality. Instead, investors are subject to a variety of biases that may cause them to react inappropriately to information. The policy challenge posed by this observation is to identify the appropriate response to investor irrationality. In particular, should regulators attempt to protect investors from bad investment decisions that may be the result of irrational behavior?

This Article considers the appropriate regulatory response to investor irrationality within the concrete context of the research analyst. Many commentators have argued that analyst conflicts of interest led to biased ...


Investor Financial Literacy In The Workplace, Jill E. Fisch, Tess Wilkinson-Ryan, Kristin Firth 2016 University of Pennsylvania Law School

Investor Financial Literacy In The Workplace, Jill E. Fisch, Tess Wilkinson-Ryan, Kristin Firth

Jill Fisch

The dramatic shift from traditional pension plans to participant-directed 401(k) plans has increased the decision-making responsibility of individual investors for their own retirement planning. With this shift comes increasing evidence that investors are making poor decisions in choosing how much to save for retirement and in selecting among their investment options. Studies question the value of efforts to improve these decisions through regulatory reforms or investor education.

This article posits that deficiencies in workplace retirement savings cannot be adequately addressed until the reasons for poor investment decisions are better understood. We report the results of a study designed to ...


Estimating Risk Preferences In The Field, Levon Barseghyan, Francesca Molinari, Ted O'Donoghue, Joshua C. Teitelbaum 2016 Cornell University

Estimating Risk Preferences In The Field, Levon Barseghyan, Francesca Molinari, Ted O'Donoghue, Joshua C. Teitelbaum

Georgetown Law Faculty Publications and Other Works

We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in which risk preferences are the focal object and estimating their structure is the core enterprise. We review a number of models of risk preferences—including both expected utility (EU) theory and non-EU models—that have been estimated using field data, and we highlight issues related to identification and estimation of such models using field data. We then survey the literature, giving separate treatment to research that uses individual-level data (e.g., property insurance data) and research that uses aggregate data (e.g ...


Industrial Ecology Analysis Of The Potential For An Eastern Nebraska Industrial Symbiosis Network (Enisn): A Comparative Study, Bradley A. Behne 2016 University of Nebraska-Lincoln

Industrial Ecology Analysis Of The Potential For An Eastern Nebraska Industrial Symbiosis Network (Enisn): A Comparative Study, Bradley A. Behne

Dissertations & Theses in Natural Resources

The area of Eastern Nebraska north of Omaha, including the municipality of Blair is host to a collection of unique companies and industries. These industries, driven by the agricultural and urban economy of the area, as well as the geographic proximity to each other, make it an advantageous area to study the potential for a network where individual entities utilize the concept of industrial symbiosis. This potential network is referred to as the Eastern Nebraska Industrial Symbiosis Network (ENISN). Industrial symbiosis, a sub-set of industrial ecology, engages separate industries in a collaborative and collective approach, concerning itself with the flow ...


The Influence Of Projection Bias On Outcomes Of Healthcare Financial Incentive Programs, Jordyn M. Bader 2016 University of Nebraska-Lincoln

The Influence Of Projection Bias On Outcomes Of Healthcare Financial Incentive Programs, Jordyn M. Bader

Dissertations and Theses in Agricultural Economics

This thesis contributes to the behavioral health literature and literature regarding healthcare financial incentive programs by discussing the influences of the behavioral economic concept of projection bias on programs designed to recruit healthcare providers to rural or under served areas. First, I propose an adaptation to the model of projection bias by introducing a term that captures variability in individuals’ propensity to exhibit projection bias based on the amount of effort expended in predicting future preferences. Next, I conduct a probit model regression to observe what incentive program design features and participant characteristics are likely to influence the probability of ...


The Economic Impacts Of Animal To Human Transmitted Disease In The Sudan.Pdf, Professor Issam A.W. Mohamed 2016 Department of Economics. Al Neelain University, Khartoum, Sudan

The Economic Impacts Of Animal To Human Transmitted Disease In The Sudan.Pdf, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Zoonotic infectious livestock diseases are becoming a significant burden for both animal and human health and
are rapidly gaining the attention of decision-makers who manage public health programs. We developed a susceptible,
infected and removed (SIR) dynamic linear mathematical model of livestock-to-human brucellosis transmission in AL-Gazira
state. The compartmental model considers transmission within sheep and cattle populations and the transmission to humans
as additive components. The model was fitted to demographic and sero-prevalence data from livestock and annually
reported new human brucellosis cases in Abu-Gutta locality. The objectives are to estimate the economic impacts of endemic
Brucellosis diseases on both ...


Visual Brand Identity Of Food Products: A Customer’S Perspective, Panagiota Moutaftsi Ms, Panagiotis Kyratsis Dr 2016 International Hellenic University

Visual Brand Identity Of Food Products: A Customer’S Perspective, Panagiota Moutaftsi Ms, Panagiotis Kyratsis Dr

Journal of Applied Packaging Research

Purpose – The aim of this research is to explore the benefits of a customer based approach on food packaging design. A case study of a small production honey brand is used.

Design/methodology/approach – For the design process, a survey that involved visual elements was conducted as an online questionnaire. The final size of the sample consists of 285 questionnaires.

Findings – The research findings indicate that packaging is a great influencer for consumers and the synergy of consumers with companies can be a catalyst for the product design process resulting in package designs, which engage potential customers and drive sales ...


Can Peers Improve Agricultural Revenue?, Tisorn Songsermsawas, Kathy Baylis, Ashwini Chhatre, Hope Michelson 2016 University of Illinois at Urbana-Champaign

Can Peers Improve Agricultural Revenue?, Tisorn Songsermsawas, Kathy Baylis, Ashwini Chhatre, Hope Michelson

Kathy Baylis

Crop revenues vary greatly among farmers and the source of that variation is not fully understood, even after controlling for factors including input use, technology adoption, and other agro-climatic factors. One hypothesis that may explain the variation in outcomes among farmers is differential access to information through peers. Using a household survey from India containing detailed information about personal relationships, we estimate peer effects on cash crop revenue using a novel spatial econometric technique to control for reflection. Our results show that 60% of farmers' revenue is explained by peers. Peer effects are particularly large in pesticide use and in ...


The Importance Of Funding Channels For Microfinance Performance, Roman Fedorak 2016 University of Washington Tacoma

The Importance Of Funding Channels For Microfinance Performance, Roman Fedorak

Global Honors Theses

This paper studies the importance of microfinance funding channels by analyzing how for-profit and non-profit microfinance institutions’ performances differ in practice. Generally all MFIs seek financial sustainability in order to avoid reliance on external funding and increase efficiency. However, for-profit MFIs tend to rely more heavily on standard economic assumptions established by the neoclassical economics model, shifting the priority away from the social and economic development process among poor communities to the final product of loan repayment enjoyed by such institutions. By contrast, non-profit MFIs attracting donors contributions tend to focus more closely on shifts in social dynamics within communities ...


Empirical Study Of Online Horse Race Bettors Betting Behavior In Finland, Tuomo Kainulainen 2016 University of Eastern Finland

Empirical Study Of Online Horse Race Bettors Betting Behavior In Finland, Tuomo Kainulainen

International Conference on Gambling and Risk Taking

This presentation produces an overview of online horse race bettors’ betting behavior in the Finnish betting market. The following studies have utilized individual-level online betting data LaPlante et al. (2006), LaBrie et al. (2007), LaBrie et al. (2008), LaPlante et al. (2009), Xuan & Shaffer (2009), Braveman & Shaffer (2010), Dragicevic et al. (2011), Fiedler (2013) and Gainsbury & Russell (2013). These studies focus on sports betting, poker and casino games. As an addition to the betting behavioural literature, this study focuses on horse race betting by utilizing betting data provided by Fintoto Ltd which has a legal monopoly for horse race betting ...


The Economics Of Lotto, Ian Walker, Robert E. Pryce, Rhys Wheeler, Nick Powdathvee 2016 Lancaster University

The Economics Of Lotto, Ian Walker, Robert E. Pryce, Rhys Wheeler, Nick Powdathvee

International Conference on Gambling and Risk Taking

No abstract provided.


Lockouts And Player Productivity: Evidence From The National Hockey League, Qi Ge, Michael J. Lopez 2016 Skidmore College

Lockouts And Player Productivity: Evidence From The National Hockey League, Qi Ge, Michael J. Lopez

Qi Ge

We implement a propensity score matching technique to present the first evidence on the impact of professional sports lockouts on player productivity. In particular, we utilize a unique natural experiment from the 2012-2013 National Hockey League lockout, during which approximately 200 players decided to play overseas, while the rest stayed in North America. We separate players based on their nationality and investigate the effect of playing abroad on postlockout player performance. We find limited evidence of enhanced productivity among European players and no evidence of a benefit or drawback for North American players. Our study contributes to the understanding of ...


The Relative Impact Of Psychosocial Well-Being And Mental Health On The Relationship Between Economic Circumstance And Religiosity, Veronica Momjian 2016 Graduate Center, City University of New York

The Relative Impact Of Psychosocial Well-Being And Mental Health On The Relationship Between Economic Circumstance And Religiosity, Veronica Momjian

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

Employing Norris and Inglehart’s concept of existential security as a theoretical framework, this dissertation utilizes three data points from the Americans’ Changing Lives study (1986, 1994 and 2011) to interrogate the link between the economic circumstance and religiosity. More specifically, the mediating impact of psychosocial well-being and mental health on religiosity are explored.

This dissertation hypothesizes that individuals employ religious coping strategies to deal with the stress of economic uncertainty; and when that uncertainty subsides, so too does religiosity. The results of this study show that, on average, religiosity increases during times of economic instability, and decreases when the ...


Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom 2016 Lawrence University

Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom

Lawrence University Honors Projects

Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.


The Social Relations Of Consumption: Corporate Law And The Meaning Of Consumer Culture, 2016 Brigham Young University Law School

The Social Relations Of Consumption: Corporate Law And The Meaning Of Consumer Culture

BYU Law Review

A mature assessment of the society we are making for ourselves, and the legacy we are leaving to the future, must come to terms with consumer culture. Theoretical discourse, as well as common experience, betray persistent ambiguity about what consumerism means to and says about us. In this Article, I argue that this ambiguity can in part be explained by examining the social relations of consumption in contemporary society. These involve, crucially, the relationship between producer and consumer that is dictated by corporate governance law, and embodied in the decision-making dynamics of the directors who command corporate operations. The enigmatic ...


Moral Hazard And Mispriced Systemic Risk In The Lead-Up To The 2007 Subprime Mortgage Crisis In The United States, Georgi Rusinov 2016 University of Cambridge

Moral Hazard And Mispriced Systemic Risk In The Lead-Up To The 2007 Subprime Mortgage Crisis In The United States, Georgi Rusinov

Undergraduate Economic Review

The 2007 subprime crisis was caused by high demand for subprime mortgage products underpinned by the unrealistic assumption that property prices would keep rising indefinitely. The subprime mortgage market worked as expected as long as prices were rising and demand for property was high. When these two conditions were violated and the housing bubble collapsed, the system became dysfunctional, many subprime borrowers defaulted, and mortgage-backed securities lost much of their value. Prevention could have been achieved through regulatory measures to shift the risk back from taxpayers and investors to loan originators. Fair distribution of risk should be the main objective ...


Behavioral Determinants Of Biofortified Food Acceptance: The Case Of Orange-Fleshed Sweet Potato In Ghana, Chinonso E. Etumnu 2016 University of San Francisco

Behavioral Determinants Of Biofortified Food Acceptance: The Case Of Orange-Fleshed Sweet Potato In Ghana, Chinonso E. Etumnu

Master's Theses

Biofortified foods are being introduced in sub-Saharan Africa as an important strategy to help address micronutrient malnutrition. However, there has been little research on factors that could play decisive roles in their successful introduction. This paper investigates the determinants of consumer acceptance of biofortified orange-fleshed sweet potato (OFSP) using data from a choice experiment conducted in Ghana. I find that OFSP is preferred to traditional white-fleshed and yellow-fleshed sweet potatoes as indicated by consumers' marginal willingness to pay for the three varieties. I also find that respondents' socio-economic characteristics do not have a significant effect on consumer acceptance of OFSP ...


Digital Commons powered by bepress