The appropriate way to empirically estimate time-dated utility and time preferences based on experimental data has been subject to controversy. Our study assesses whether within-subject magnitude treatments are more ...

Our time preferences deviate systematically from that of Homo economicus. They seem to be driven by a form of mental zooming, where higher and more distant payouts induce a more holistic perspective in contrast to smaller ...

New commons might come into being by pooling of resources. Such pooling often needs some sort of professional external assistance, as well as appropriate institutional framework. In Norway the Land Consolidation Courts - ...

Basic numeracy skills are obviously important for rational decisionmaking when agents are facing choices between risky prospects. Poor and vulnerable people with limited education and numeracy skills live in risky environments ...

This paper originates from a series of “trust games” performed in Malawi during the summer of 2007. The results from the games are interpreted as pure stylized cases of a social dilemma. Some dilemmas, such as the prisoner’s ...

Can luck predict risk-taking behavior in games of chance? Economists have not widely studied this issue although overconfidence, optimism-, and pessimism bias have received substantial attention in recent years. In this ...

Climate risk represents an increasing threat to poor and vulnerable farmers in drought-prone areas of Africa. This study assesses the fertilizer adoption responses of food insecure farmers in Malawi, where Drought Tolerant ...

This study investigates the covid risk perceptions, information updating behavior related to the pandemic, use of protective measures, especially facemasks, and the demand for vaccines among university students in Malawi. ...

The goal of this article is to find out how national conservation rules and private ownership works in the management of a large outlying area. The study results are based on a survey among owners/users of Skjåk Bygd Commons ...

This paper studies the risk preferences of poor rural households in Malawi and compares the Holt and Laury (2002) (HL) multiple price list approach with hypothetical real-world framing and monetary incentive-compatible ...