Trust is measured using both survey questions and a trust experiment among a random sample of Muslim and Hindu household heads in rural Bangladesh. We found no significant effect of the social…

A theoretical model of the ethical preferences of individuals is tested by conducting a choice experiment on safety-enhancing road investments. The relative value of a saved life is found to decrease…

We investigate the importance of relative income within the Indian Caste system, using a choice experiment. We find that slightly more than half of the marginal utility of income comes from some kind…

This paper attempts to bring some central insights from behavioural economics into the economics of climate change. In particular, it discusses (i) implications of prospect theory, the equity premium…

Just how important social context is for voluntary contributions is investigated in a natural field experiment, where subjects made either actual or hypothetical contributions to a national park in…

In a natural field experiment, the authors quantified the importance of anonymity, reciprocity, and conformity through the provision of social reference levels in order to explain voluntary…

The purpose of this paper is to test the absolute as well as the relative importance of these three reasons for non-selfish behavior. This is done by conducting a natural field experiment on voluntary…

We investigate the importance of the social context for people’s voluntary contributions to a national park in Costa Rica, using a natural field experiment. This present paper presents results of a…

Empirical evidence suggests that people’s risk-perceptions are often systematically biased. This paper develops a simple framework to analyse public policy when this is the case. Expected utility…

Although conventional economic theory proposes that only the absolute levels of income and consumption matter for people’s utility, there is much evidence that relative concerns are often important…