Three essays on the acceptability of environmental policy in Switzerland
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In this letter, we consider peer-to-peer (P2P) networks, where multiple peers are interested in sharing their content. In the considered P2P system, autonomous and self-interested peers use a Markov Decision Process (MDP) framework to determine their uploa ...
Making the best choice when faced with a chain of decisions requires a person to judge both anticipated outcomes and future actions. Although economic decision-making models account for both risk and reward in single-choice contexts, there is a dearth of s ...
This research project is an experimental study of decision-making in very difficult contexts resembling those encountered in financial markets. The starting point was the empirical observation that financial assets are objects of a very complex kind. Speci ...
Departure time choice modeling has been part of main stream travel behavior research for more than three decades. Congestion management schemes are based on the assumption that travelers optimize their departure time choice. Ever since Vickrey, in the late ...
This article describes how prices are treated in economic theory. Section 17.2 begins by introducing the concepts of ‘rational preference’ and ‘utility function’, which are standard building blocks of models that attempt to explain choice behaviour. Sectio ...
Monetary incentives, such as subsidies or bonuses, are often considered as a way to foster contributions to public goods in society and firms. This paper investigates experimentally the effect of private contribution incentives in the presence of a norm en ...
This chapter focuses on valuation in the context of choice under uncertainty. When valuation is a pursuit distinct from choice, values revealed through choice may be different from the valuations that emerge from the (choice-independent) computations. In m ...
In contrast with expected utility theory, empirical findings indicate that decision-makers are sensitive to departures from reference points rather than states. Several tests of the reference-dependent preference framework have been carried out in experime ...
Discrete choice models are defined conditional to the knowledge of the actual choice set by the analyst. The common practice for is to assume that individual-based choice sets can be deterministically generated based on the choice context and the character ...
Latent class models are a convenient and intuitive way to introduce taste heterogeneity in discrete choice models by relating attributes of the decision makers with unobserved behavioral classes, hence allowing for a more accurate market segmentation. Esti ...