Essays on Behavioral Economics: Empirical Studies on Risk, Morality and Framing

This cumulative dissertation comprises three empirical studies on matters of risk taking, morality and framing. The first deals with endowment history and prior outcomes in risky contexts. In a seminal contribution, Thaler and Johnson (1990) detected the existence of a house money effect which is defined as an increase in risk tolerance after previous gains resulting from a risky activity. Subsequent studies used the term house money effect also in case of windfall gains, i.e., easily acquired money like show-up fees or initial endowments in experiments which does not result from a risky investment. The present study is to the best of our knowledge the first that disentangles the house money effect and windfall gains. We find a clear and systematic pattern that windfall gains increase risk tolerance. In contrast, the house money effect is far less ubiquitous and seems to require skewed lotteries and/or a large number of rounds played. We, therefore, conclude that a careful distinction between windfall gains and the house money effect is warranted in future research. The second contribution employs a multitude of probabilistic versions of two iconic variants of the trolley dilemma. In four studies, subjects rated moral permissibility of action in the bystander case – where one can divert a train, letting one person die instead of five – and the footbridge case – where one can sacrifice one person to save the five – with outcome probabilities being changed systematically. Results show that decreasing attractiveness of intervention yields a decreasing perceived moral permissibility of the intervention. Furthermore, a constant ratio of expected outcomes leaves moral permissibility ratings unchanged on aggregate if outcome probabilities are identical, whereas they display the emergence of a common ratio effect in the bystander, but not in the footbridge situation in case of asymmetric probabilities if these are manipulated intrapersonally. Additionally, probability framing does not seem to be of major importance and previous findings that moral permissibility of intervention is denoted higher in the bystander case are confirmed. The third essay employs four variants of the standard sender-receiver game by Gneezy (2005), with outcome valence being varied systematically. Depending on the frame of the game, a deceptive message, if acted upon, resulted in a higher gain for the sender and a lower gain for the receiver, a lower loss for the sender and a lower gain for the receiver, a higher gain for the sender and a higher loss for the receiver or a lower loss for the sender and a higher loss for the receiver. Results show that framing has no effect on senders’ decisions to lie on aggregate. Analyses with respect to gender point towards female and male subjects being influenced differently by the framing manipulation. Women show a higher propensity to lie to avoid a higher loss and behave less deceptively if doing so increases the receiver’s loss, with this pattern being reversed for me

How Traders’ Appearances and Moral Descriptions Influence Receivers’ Choices in the Ultimatum Game.

This work reports on a series of experiments involving 960 participants (aged between 20-30 years and equally balanced by gender), asked to play the receiver role in a modified version of the Ultimatum Game, where together with information on the offer's fairness (e.g. 40 (fair) vs 10 (unfair) of 100 euros), a photo depicted the trader's appearance (trustworthy vs. untrustworthy) and a text provided his moral description (honest vs. dishonest). Receivers were asked to motivate their decision in connection with the appearance, moral judgment, and fairness of the offer, and report on how these variables affected their emotional feelings. Data analysis shows that, in all conditions containing a fair offer, the trader's appearance plays a significant role in the receivers' decisions in terms of acceptance rate. Moral descriptions play a significant role only in conditions containing an unfair offer. However, when asked to motivate their choices, subjects do not feel the interference of the social appearance, rather they provide more or less equal number of motivations with reference to the amount of offers and moral judgments. As for the emotions driving their decisions, non-converging feelings are observed both at intra and inter group level. © 2017 IEEE.PublishedBoston, MA, USA1VV. Altr

Literature, Logic and Mathematics in the Fourteenth Century

This thesis assesses the extent to which fourteenth-century Middle English poets were interested in, and influenced by, traditions of thinking about logic and mathematics. It attempts to demonstrate the imaginative appeal of the logical problems called sophismata, which postulate absurd situations while making use of a stable but evolving, and distinctly recognisable, pool of examples. Logic and mathematics were linked. The ‘puzzle-based’ approach of late-medieval logic stemmed in part from earlier arithmetical puzzle collections. The fourteenth-century application of the ‘sophismatic’ method to problems concerned with what might now be called ‘Physics’ or ‘Mechanics’ sustained the symbiotic relationship of the two disciplines. An awareness of the importance of this tradition is perhaps indicated by the prominence of logical and mathematical tropes and scenarios in the works of three authors in particular: Geoffrey Chaucer, John Gower and the Gawain-poet. It is argued that, in the poetry of all three, what may loosely be called ‘sophismatic tropes’ are used to present concerns that the poets share with the logical and mathematical thought of their time. Certain themes recur, including the following: problematic promises; problematic reference to non-existent things; problems associated with divisibility, limits and the idea of a continuum; and, most importantly, problems focused on the contingency, or otherwise, of the future. The debate over future contingency was one of the fiercest scholastic controversies of the fourteenth century, with profound implications for both logical and theological thought. It is suggested here that the scholastic debate about future contingency has a visible impact on Chauntecleer’s prophetic dream in the Nun’s Priest’s Tale, Troilus’s apparent determinism in Troilus and Criseyde, Gower’s presentation of causation in the Confessio Amantis, and the Gawain-poet’s treatment of covenants. The conclusion reached is that fourteenth-century logical and mathematical texts had a significantly wider cultural effect than is generally recognised

The end of stigma? Understanding the dynamics of legitimisation in the context of TV series consumption

This research contributes to prior work on stigmatisation by looking at stigmatisation and legitimisation as social processes in the context of TV series consumption. Using in-depth interviews, we show that the dynamics of legitimisation are complex and accompanied by the reproduction of existing stigmas and creation of new stigmas

History of the Opium Problem

This is the first scholarly study in which the production, trade and political effects of opium and its derivatives are shown over many centuries, and in many countries (China, India, Indonesia, Japan, all Southeast Asian countries and some in Europe and the Americas). Starting in the 16th century, slavery and opium became the two means with which the bodies and souls of men and women in the tropics were exploited in western imperialism and colonialism. The first waned with the abolition movement in the 19th century, but opium production and trade continued to spread, with the associated serious social and political effects. Around 1670 the Dutch introduced opium as a cash crop for mass production and distribution in India and Indonesia. China became the main target in the 19th century, and only succeeded in getting rid of the opium problem around 1950. Then it had already been transformed from an “Eastern” into a “Western” problem

History of the Opium Problem

This is the first scholarly study in which the production, trade and political effects of opium and its derivatives are shown over many centuries, and in many countries (China, India, Indonesia, Japan, all Southeast Asian countries and some in Europe and the Americas). Starting in the 16th century, slavery and opium became the two means with which the bodies and souls of men and women in the tropics were exploited in western imperialism and colonialism. The first waned with the abolition movement in the 19th century, but opium production and trade continued to spread, with the associated serious social and political effects. Around 1670 the Dutch introduced opium as a cash crop for mass production and distribution in India and Indonesia. China became the main target in the 19th century, and only succeeded in getting rid of the opium problem around 1950. Then it had already been transformed from an “Eastern” into a “Western” problem

Intelligence, Creativity and Fantasy

UID/HIS/04666/2019 This is the 2nd volume of PHI series, published by CRC Press, the 4th published by CRC Press and the 5th volume of PHI proceedings.The texts presented in Proportion Harmonies and Identities (PHI) - INTELLIGENCE, CREATIVITY AND FANTASY were compiled with the intent to establish a multidisciplinary platform for the presentation, interaction and dissemination of research. The aim is also to foster the awareness and discussion on the topics of Harmony and Proportion with a focus on different visions relevant to Architecture, Arts and Humanities, Design, Engineering, Social and Natural Sciences, and their importance and benefits for the sense of both individual and community identity. The idea of modernity has been a significant motor for development since the Western Early Modern Age. Its theoretical and practical foundations have become the working tools of scientists, philosophers, and artists, who seek strategies and policies to accelerate the development process in different contexts.authorsversionpublishe

The Twentieth Century in European Memory

The Twentieth Century in European Memory investigates contested and divisive memories. Focusing on questions of transculturality and reception, the book looks at ways in which such memories are being shared, debated and received by museums, artists, politicians and general audiences Readership: Students and scholars of memory studies and public history, as well as students and scholars of Europan studies and contemporary European and international history, anthropology and cultural studies

The Routledge Handbook of Taxation and Philanthropy

The Routledge Handbook of Taxation and Philanthropy ventures into a territory that is still widely unexplored. It contains 30 academic contributions that aim to provide a better understanding of whether, why, and how philanthropic initiatives, understood as voluntary contributions for the common good, can and should be fostered by states through tax incentives. The topic has been addressed from a multidisciplinary and multicultural perspective – covering neuroeconomics, sociology, political science, psychology, affective sciences, philosophy, behavioral economy, and law – because of its global and multifaceted nature. It also contains the OECD report on Taxation and Philanthropy released in November 2020, which was prepared in this context as a result of a collaboration with the Geneva Centre for Philanthropy of the University of Geneva. The book is divided into four sections, exploring, respectively, the justification of tax incentives for philanthropy, theoretical and empirical insights about taxes, efficiency and donor behavior in that context, and tax incentives for cross-border philanthropy and for hybrid entities and social entrepreneurship. It is believed that this volume will be a landmark yet only the beginning of a journey in which a lot remains to be studied, learned, and said

Seeing sense: the visual culture of provincial Ireland 1896-1906

The objective of this research is to examine what is meant by visual culture in the context of provincial Ireland between 1896 and 1906 and the argue for a particular conception of its meaning, range and influence. This study defines visual culture in terms of the interaction between viewer and viewed, recognising the complex interplay between the images produced and circulated within a culture, the viewing apparatus(es) by which such images are made available and the cultural consciousness, competences and preferences which accompany and influence our viewing experiences. By surveying the reception of Magic Lantern and Cinematograph entertainments in rural Ireland between 1896 and 1906, it becomes possible to suggest a distinction between historically and culturally grounded ‘ways of seeing 5. In presenting evidence of a complex of receptive patterns, it is argued that the exhibition and reception of such media in conjunction with cultural repertoires and ideological influence forms the basis from which the era’s visual culture can be described and mapped