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  1. Book ; Online ; Conference proceedings ; Thesis: Essays in behavioral public economics

    Marklein, Felix

    2009  

    Event/congress Online-Publikation
    Author's details vorgelegt von Felix Marklein
    Keywords Wirtschaftstheorie ; Entscheidungsverhalten ; Entscheidung ; Verhaltensökonomik ; Begrenzte Rationalität ; Kognition ; Experiment ; Anreiz ; Wirtschaftspolitik
    Language English ; German
    Size Online-Ressource (PDF-Datei: VIII, 134 S.), graph. Darst.
    Document type Book ; Online ; Conference proceedings ; Thesis
    Thesis / German Habilitation thesis @Bonn, Univ., Diss., 2009
    Database ECONomics Information System

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    Inter-library loan at ZB MED

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  2. Article: Fungibility, labels, and consumption

    Abeler, Johannes / Marklein, Felix

    Journal of the European Economic Association Vol. 15, No. 1 , p. 99-127

    2017  Volume 15, Issue 1, Page(s) 99–127

    Author's details Johannes Abeler, Felix Marklein
    Keywords Geld ; Kognition ; Konsumentenverhalten ; Verhaltensökonomik ; Test ; Sachtransfer ; Feldforschung ; Theorie ; Deutschland
    Language English
    Publisher Wiley-Blackwell
    Publishing place Oxford
    Document type Article
    ZDB-ID 2114709-7 ; 2118178-0
    ISSN 1542-4774 ; 1542-4766
    ISSN (online) 1542-4774
    ISSN 1542-4766
    Database ECONomics Information System

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  3. Book ; Online: Fungibility, labels, and consumption

    Abeler, Johannes / Marklein, Felix

    (Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 3500)

    2008  

    Abstract: Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized ... ...

    Author's details Johannes Abeler; Felix Marklein
    Series title Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 3500
    Abstract Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part of their budget, subjects change consumption according to the suggestion of the label. A controlled laboratory experiment confirms this result and further shows that subjects with lower mathematical abilities are more likely to violate fungibility. The findings lend support to behavioral models such as narrow bracketing or mental accounting. One implication of our results is that in-kind benefits distort consumption more than usually assumed. -- Fungibility

    In-kind benefits

    mental accounting

    inframarginal consumers

    field experiment

    laboratory experiment
    Keywords Geld ; Kognition ; Konsumentenverhalten ; Verhaltensökonomik ; Experiment ; Sachtransfer ; Feldforschung ; Theorie ; Deutschland
    Language English
    Size Online-Ressource (PDF-Datei: 43 S.), graph. Darst.
    Publisher IZA
    Publishing place Bonn
    Document type Book ; Online
    Note IMD-Felder maschinell generiert
    Database ECONomics Information System

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  4. Book ; Online ; Thesis: Essays in behavioral public economics

    Marklein, Felix [Verfasser]

    2009  

    Author's details vorgelegt von Felix Marklein
    Keywords Wirtschaft ; Economics
    Subject code sg330
    Language English
    Document type Book ; Online ; Thesis
    Database Digital theses on the web

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  5. Book ; Online: Fungibility, labels and consumption

    Abeler, Johannes / Marklein, Felix

    (CeDEx discussion paper series ; 2010,13)

    2010  

    Abstract: Fungibility of money is a central assumption in the theory of consumer choice: any unit of money is substitutable for another. This implies that the composition of income or wealth is irrelevant for consumption. We find in a field experiment that even in ...

    Author's details Johannes Abeler and Felix Marklein
    Series title CeDEx discussion paper series ; 2010,13
    Abstract Fungibility of money is a central assumption in the theory of consumer choice: any unit of money is substitutable for another. This implies that the composition of income or wealth is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part of their budget, subjects change consumption according to the label. A controlled laboratory experiment confirms this result and further shows that subjects with lower cognitive abilities are more likely to violate fungibility. The findings lend support to behavioral models of narrow bracketing and mental accounting. One implication of our results is that in-kind benefits distort consumption more strongly than usually assumed. -- Fungibility

    In-kind Benefits

    Mental Accounting

    Narrow Bracketing

    Field Experiment

    Laboratory Experiment
    Keywords Geld ; Kognition ; Konsumentenverhalten ; Verhaltensökonomik ; Experiment ; Sachtransfer ; Feldforschung ; Theorie ; Deutschland
    Language English
    Size Online-Ressource (PDF-Datei: 42 S., 957 KB), graph. Darst.
    Publisher CEDEX
    Publishing place Nottingham
    Document type Book ; Online
    Note IMD-Felder maschinell generiert
    Database ECONomics Information System

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  6. Article: Eingeschränkt rationales Verhalten

    Altmann, Steffen / Falk, Armin / Marklein, Felix

    Beitrag der Verhaltensökonomie (Behavioral Economics) zum Handels- und Wirtschaftsrecht : [der vorliegende Band geht auf ein Symposion der Universität Bonn zurück] , p. 63-82

    Evidenz und Implikationen

    2011  , Page(s) 63–82

    Author's details von Steffen Altmann, Armin Falk und Felix Marklein
    Keywords Begrenzte Rationalität ; Verhaltensökonomik ; Prospect Theory
    Language German
    Size graph. Darst.
    Publisher Verl. Recht und Wirtschaft
    Publishing place Frankfurt am Main
    Document type Article
    ISBN 978-3-8005-1513-4 ; 3-8005-1513-X
    Database ECONomics Information System

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    Order via subito

    This service is chargeable due to the Delivery terms set by subito. Orders including an article and supplementary material will be classified as separate orders. In these cases, fees will be demanded for each order.

    Inter-library loan at ZB MED

    Your chosen title can be delivered directly to ZB MED Cologne location if you are registered as a user at ZB MED Cologne.

  7. Book ; Article ; Online: Fungibility, labels and consumption

    Abeler, Johannes / Marklein, Felix

    2010  

    Abstract: Fungibility of money is a central assumption in the theory of consumer choice: any unit of money is substitutable for another. This implies that the composition of income or wealth is irrelevant for consumption. We find in a field experiment that even in ...

    Abstract Fungibility of money is a central assumption in the theory of consumer choice: any unit of money is substitutable for another. This implies that the composition of income or wealth is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part of their budget, subjects change consumption according to the label. A controlled laboratory experiment confirms this result and further shows that subjects with lower cognitive abilities are more likely to violate fungibility. The findings lend support to behavioral models of narrow bracketing and mental accounting. One implication of our results is that in-kind benefits distort consumption more strongly than usually assumed.
    Keywords ddc:330 ; C91 ; C93 ; D01 ; H31 ; I38 ; fungibility ; in-kind benefits ; mental accounting ; narrow bracketing ; field experiment ; laboratory experiment ; Geld ; Kognition ; Konsumentenverhalten ; Verhaltensökonomik ; Test ; Sachtransfer ; Feldforschung ; Theorie ; Deutschland
    Subject code 150
    Language English
    Publisher Nottingham: The University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx)
    Publishing country de
    Document type Book ; Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

    Full text online

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    Inter-library loan at ZB MED

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  8. Book ; Online: The non-use of Bayes rule

    Dohmen, Thomas / Falk, Armin / Huffman, David / Marklein, Felix / Sunde, Uwe

    representative evidence on bounded rationality

    (Research memorandum / Researchcentrum voor Onderwijs en Arbeidsmarkt / ROA-RM ; 2009,1)

    2009  

    Author's details Thomas Dohmen; Armin Falk; David Huffman; Felix Marklein; Uwe Sunde
    Series title Research memorandum / Researchcentrum voor Onderwijs en Arbeidsmarkt / ROA-RM ; 2009,1
    Keywords Bayes-Statistik ; Begrenzte Rationalität ; Entscheidung unter Unsicherheit ; Schätzung ; Deutschland
    Language English
    Size Online-Ressource ([5], 20 S.), graph. Darst.
    Publishing place Maastricht
    Document type Book ; Online
    Note IMD-Felder maschinell generiert
    Database ECONomics Information System

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    Inter-library loan at ZB MED

    Your chosen title can be delivered directly to ZB MED Cologne location if you are registered as a user at ZB MED Cologne.

  9. Book ; Online: The non-use of Bayes rule: representative evidence on bounded rationality

    Dohmen, Thomas / Falk, Armin / Huffman, David / Marklein, Felix / Sunde, Uwe

    (METEOR / Maastricht research school of Economics of Technology and Organizations ; 09/038)

    2009  

    Author's details Thomas Dohmen; Armin Falk; David Huffman; Felix Marklein; Uwe Sunde
    Series title METEOR / Maastricht research school of Economics of Technology and Organizations ; 09/038
    Keywords Bayes-Statistik ; Begrenzte Rationalität ; Entscheidung unter Unsicherheit ; Schätzung ; Deutschland
    Language English
    Size Online-Ressource (20 S.), graph. Darst.
    Publisher Maastricht Research School of Economics of Technology and Organizations
    Publishing place Maastricht
    Document type Book ; Online
    Note IMD-Felder maschinell generiert
    Database ECONomics Information System

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    Inter-library loan at ZB MED

    Your chosen title can be delivered directly to ZB MED Cologne location if you are registered as a user at ZB MED Cologne.

  10. Book ; Online: Eingeschränkt rationales Verhalten

    Altmann, Steffen / Falk, Armin / Marklein, Felix

    Evidenz und wirtschaftspolitische Implikationen

    (IZA Standpunkte ; 12)

    2009  

    Abstract: Die Präzision ökonomischer Prognosen und die Qualität politischer Handlungsempfehlungen hängen in entscheidendem Ausmaß von der Qualität des zugrunde liegenden Verhaltensmodells ab. Nur ein empirisch gut fundiertes Modell ökonomischen Handelns erlaubt es, ...

    Author's details Steffen Altmann; Armin Falk; Felix Marklein
    Series title IZA Standpunkte ; 12
    Abstract Die Präzision ökonomischer Prognosen und die Qualität politischer Handlungsempfehlungen hängen in entscheidendem Ausmaß von der Qualität des zugrunde liegenden Verhaltensmodells ab. Nur ein empirisch gut fundiertes Modell ökonomischen Handelns erlaubt es, die Konsequenzen politischer Maßnahmen präzise abzuschätzen. In der wirtschaftswissenschaftlichen Analyse ist das Konzept des Homo Oeconomicus als Entscheidungs- und Verhaltensmodell weit verbreitet. Empirische Ergebnisse aus der Verhaltensökonomik legen jedoch zwei grundsätzliche Abweichungen vom traditionellen Modell des Homo Oeconomicus nahe: Abweichungen vom Prinzip der uneingeschränkten Rationalität einerseits und die Infragestellung einer universellen Eigennutzorientierung andererseits. Die vorliegende Arbeit gibt einen Überblick über ausgewählte, wirtschaftspolitisch bedeutsame Abweichungen vom Rationalitätspostulat. Anschließend diskutieren wir am Beispiel so genannter „nicht bindender Defaultoptionen“, weshalb für eingeschränkt rationale Akteure politische Maßnahmen oder rechtliche Regelungen auch dann Verhaltenskonsequenzen haben können, wenn diese aus rationaler Sichtweise nicht zu erwarten wären und möglicherweise durch den Gesetzgeber auch nicht beabsichtigt sind. Abschließend stellen wir dar, wie nicht bindende Defaults selbst als Politikinstrument eingesetzt werden können: klug gewählt können sie dabei helfen, Entscheidungen zu verbessern ohne dabei individuelle Wahlfreiheit einzuschränken.
    Keywords Defaultoptionen ; Paternalismus ; Begrenzte Rationalität ; Wirtschaftspolitik ; Wirkungsanalyse ; Prospect Theory ; Verhaltensökonomik ; Deutschland ; eingeschränkte Rationalität ; Wahrscheinlichkeitsverzerrungen ; nicht-bindende Regeln ; Wirkung von Politikmaßnahmen
    Language German
    Size Online-Ressource (23 S.)
    Publisher IZA
    Publishing place Bonn
    Document type Book ; Online
    Note IMD-Felder maschinell generiert
    Database ECONomics Information System

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    Inter-library loan at ZB MED

    Your chosen title can be delivered directly to ZB MED Cologne location if you are registered as a user at ZB MED Cologne.

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