In explaining individual behavior in politics, economists should rely on the same
motivational assumptions they use to explain behavior in the market: that is what Political …

In times of plenty expectations rise, just as in times of crisis they fall. This can be
mathematically described as a win-stay-lose-shift strategy with dynamic aspiration levels …

Behavioural economics has not only posed serious challenges for the empirical adequacy of
rational choice, but also for its normative status. Since the 1990s, a large body of work has …

The literature dealing with aspiration traps indicates that a life of poverty, deprivation or
exclusion may hinder people's development of goals and aspirations that would best serve …

We propose a methodology for normative evaluation when preferences are context-
dependent. We offer a precise definition of context-dependence and formulate a normative …

Public choice theory has originally been motivated by the need to correct the asymmetry,
widespread in traditional welfare economics, between the motivational assumptions of …

Introducing Virtue Ethics into Normative Economics for Models with Endogenous Preferences
Page 1 Introducing Virtue Ethics into Normative Economics for Models with Endogenous …

This paper describes a Hungarian social microcredit programme, called Kiútprogram and
discusses the major lessons drawn from its operation. It was launched some 10 years ago …

Habits are an important cause of sluggish consumption adjustment in response to price
shocks. This paper studies shifts within the consumption bundle under endogenous habit …

Aspirations and the persistence of poverty and inequalities Page 1 DISSERTATION zur
Erlangung des Doktorgrades der Wirtschaftswissenschaften (Dr. rer. pol.) Aspirations and the …