Expectations-Based Loss Aversion May Help Explain Seemingly Dominated Choices in Strategy-Proof Mechanisms

Individual-Level Loss Aversion in Riskless and Risky Choices

Individual-Level Loss Aversion in Riskless and Risky Choices Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (rand...

Cognition in Seemingly Riskless Choices and Judgments

On Group Strategy-proof Mechanisms

For the many-to-one matching model in which firms have substitutable and quota q−separable preferences over subsets of workers we show that the workers-optimal stable mechanism is group strategy-proof for the workers. Therefore, in centralized markets like entry-level professional labor markets if the proposed matching is the workers-optimal stable matching then, no group of workers can never b...

Interval and Symmetry Approaches to Uncertainty – Pioneered by Wiener – Help Explain Seemingly Irrational Human Behavior

It has been observed that in many cases, when we present a user with three selections od different price (and, correspondingly, different quality), then the user selects the middle selection. This empirical fact – known as a compromise effect – seems to contradicts common sense. Indeed, when a rational decision-maker selects one of the two alternatives, and then we add an additional option, the...

Southern Discomfort?: PON1 Variation May Help Explain Regional CVD Risk

volume 117 | number 8 | August 2009 • Environmental Health Perspectives Chemicals Policy Gap Toward Stronger Regulation in the United States Chemicals policy in the United States is in need of profound change for both environmental health and economic reasons, according to a review of how the U.S. chemical industry currently is regulated [EHP 117:1202–1209; Wilson and Schwarzman]. The 1976 Toxi...