The tilted S-shaped utility function proposed in Prospect Theory (PT) relied fundamentally on
the geometrical notion that there is a discontinuity between gains and losses, and that …

This paper sheds new light on the preference reversal phenomenon by analyzing decision
times in the choice task. In a first experiment, we replicated the standard reversal pattern and …

Purpose High-quality labor supply is inevitable to maintain sustainable and steady
economic growth. This study mainly explores the impact of the social pension system on the …

We present a theoretical model of Rabin's famous calibration paradox that resolves
confusions in the literature and that makes it possible to identify the causes of the paradox …

This paper develops a new behavioral model of how experience affects willingness to trade
called adaptive loss aversion. In the model, agents do not recognize that others have …

From a low base, the Scottish Private Rented Sector (SPRS) has grown rapidly over the last
25 years and now plays an important role in Scotland's housing provision and wider …

In 2019, Galberti called for the formulation of a theory of “how decision makers change
worldviews.” He was looking for a “theory of persuasive rhetoric” that goes “beyond …

Following the unprecedented increase in the self-employment rates in South Africa, the
study probes the determinants of self-employment relative to being a wage earner within the …

The purpose of this article is to address the factors that can increase the utility for customers
of information databases in Iran. In order to achieve that, summarizing content analysis …

Preferences" is a key concept in economic theory. However, economics has yet not
achieved to explain the origin of preferences. Preferences originating means endogenous …