Sustainability is an urgent issue in the basic endowment insurance system China. The advancement of national pooling and transfer collection responsibility from social security department to taxation are policy measures taken ensure sustainable development system. In this circumstance, paper discusses solvency account fund when enterprise contribution rate drops 16% by constructing improved the...

Prior research has consistently demonstrated that people are reluctant to trade a good they own for an alternative good, particularly when the alternative (or “target”) represents a substantial departure from the “endowment”. We demonstrate that the endowment effect can be reduced by first making participants consider trading their endowment for an intermediate alternative (which shares some ch...

The endowment effect describes the fact that people demand much more to give up an object than they are willing to spend to acquire it. The existence of this effect has been documented in numerous experiments. We attempt to explain this effect by showing that evolution favors individuals whose preferences embody an endowment effect. The reason is that an endowment effect improves one’s bargaini...

The price people are willing to pay for a good is often less than the price they are willing to accept to give up the same good, a phenomenon called the endowment effect. Loss aversion has typically accounted for the endowment effect, but an alternative explanation suggests that ownership creates an association between the item and the self, and this possession-self link increases the value of ...

financial literacy of investors reduces uncertainty on future decisions and increases predictability of investment policies in financial markets. thus, the lack of clear information on financial markets is a determining factor in the arrival of domestic and foreign capitals and their quick exit in case of crisis. the lack of transparency and basic knowledge on decisions and failure to provide r...

Reports of endowment effects in nonhuman primates have received considerable attention in the comparative literature in recent years. However, little is known about the mechanisms underlying these effects. Continuing to explore endowment effects across different species of primate may reveal subtle differences in behavior that can help formulate specific hypotheses about the relevant mechanisms...

I. THE BEHAVIORAL ECONOMICS OF INTELLECTUAL PROPERTY LAW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 R A. Classical Economics and Intellectual Property . . . . . . . 5 R B. Behavioral Challenges to the Rational Choice Model: The Endowment Effect . . . . . . . . . . . . . . . . . . . . . 6 R 1. The Strength of the Endowment Effect . ....

People often demand a greater price when selling goods that they own than they would pay to purchase the same goods-a well-known economic bias called the endowment effect. The endowment effect has been found to be muted among experienced traders, but little is known about how trading experience reduces the endowment effect. We show that when selling, experienced traders exhibit lower right ante...

The focus of this paper is on the charac terization of the skewness of an attribute value distribution and on the extrapolations for interesting parameters More speci cally given a vector with the highest h multiplicities m m m mh and some frequency moments Fq P mqi e g q we pro vide e ective schemes for obtaining estimates about either its statistics or subsets supersets of the relation We ass...

The focus of this paper is on the characterization of the skewness of an attributevalue distribution and on the extrapolations for interesting parameters. More specifically, given a vector with the highest h multiplicities ci = (rnl,rn2, . . . . mh), and some frequency moments Fp = Crnj, (e.g., q = 0,2), we provide effective schemes for obtaining estimates about either its statistics or subsets...