infonet-economy

Abel (2002) shows that pessimism and doubt in the subjective distribution of the growth rate of consumption reduce the equity premium puzzle. We quantify the amount of pessimism and doubt in survey data on US consumption and income. Individual forecasters are in fact pessimistic, but show marked overconfidence rather than doubt. However, the implications for Abel's model depend...

Given the growing complexities in the environments of organizations and societies, the concept of viability has become ever more important as an orientator for those in charge. The Systems Approach has bred powerful theories of viability, which can help actors in the socio-technical domain to cope with complexity. The two main manifestations of the Theory of Viability are Living...

Es ist für einen Arbeitgeber i.d.R. schwierig abzuschätzen, in welchem Umfange ein Schadenersatzanspruch gegen einen fehlbaren Arbeitnehmer gerichtlich durchsetzbar ist. Folgende Faustformel kann diesbezüglich hilfreich sein:

- Bei leichter Fahrlässigkeit kann grundsätzlich von einer Maximalhaftung in Höhe eines Monatslohnes ausgegangen werden kann. Handelt es sich aber um...

In this paper the motivation and various concepts of statistical systems for assisting case workers in assigning unemployed persons to active labour market programmes (ALMP) are examined and the particular implementation of such a statistical system in Switzerland, which was introduced in the form of a randomized pilot study, is discussed.

Informal evidence suggests that individuals are willing to pay only a finite and, typically, very low price for a specific lottery that converges to an infinite payment with probability one. The established decision theories (expected value, expected utility theory, cumulative prospect theory) cannot satisfactorily explain this low willingness to pay. The presented paradox...

Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may be needed when analyzing the determinants of subjective well-being. We argue that this conclusion reflects in part the use of too restrictive econometric...