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A REVIEW OF THE MODELS OF INTER-TEMPORAL DECISION-MAKING IN BEHAVIOURAL ECONOMICS (Az intertemporalis dontesek viselkedesi kozgazdasagtani modelljeinek attekintese)

100%
Bolcskei V.
Kozgazdasagi Szemle (Economic Review)
|
2009
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vol. 56
|
issue 11
1025-1040
EN
One important research area in behavioural economics involves examining the intertemporal decisions of consumers, in a manner different from traditional economics theory. An intertemporal decision is one in which the consumer has to decide between the gain and loss at various points in time. Traditional economics assumes the existence of a rational consumer, who discounts at the same rate all the sums subject to inter-temporal decisions. But there have been many cases and studies where the opposite is found. Behavioural economics tries to take into account the sociological and psychological factors influencing consumer decisions that differ from the consumer path considered to be rational.
2

FORMOVANIE NÁZOROV NA POCIŤOVANÚ A OČAKÁVANÚ INFLÁCIU. POHĽAD BEHAVIORÁLNEJ EKONÓMIE

80%
Baláž V.
Ekonomický časopis (Journal of Economics)
|
2009
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vol. 57
|
issue 6
568-586
EN
This paper analyses formation of consumer opinions on perceived and expected inflation in the Euro area and selected transition economies in 1985 - 2008. Selected social and demographic groups accounted for their own patterns of price perception and forecasting. These patterns repeated in all observed countries. Consumer's sense of his/her familiarity and competence regarding the price development were main factors in evaluation of inflation rates by knowledgeable individuals and proved useful, when estimating actual price growth. Familiarity and competence, however, misled when estimating future price growth.
3
Content available remote

DOBROVOĽNÉ PRÍSPEVKY NA VEREJNÉ STATKY: SPOLOČENSKOEKONOMICKÉ SÚVISLOSTI A VÝZNAM OBČIANSKEHO CROWDFUNDINGU

80%
Sirakovová E., Čaplánová A.
Sociológia (Sociology)
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2023
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vol. 55
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issue 3
341 – 365
EN
The penetration of the behavioural approach to economic models and policymaking has recently become relatively widespread. It has also affected the area of financing and provision of public goods, as in the current economically complex situation brought forward also the question whether public goods and services can also be financed by the private sector. The aim of the article is to provide an overview of alternative mechanisms of financing of public goods with a particular emphasis on the voluntary contribution mechanism (VCM) and explain which factors motivate people to voluntarily contribute to the financing of publicly beneficial projects. We examine behavioural and sociological factors such as altruism, reciprocity and conditional cooperation and their relevance for the decision of individuals to contribute to financing of public goods. One of the existing alternatives is civic crowdfunding, which provides an institutional mechanism for individual voluntary contributions to publicly beneficial projects. We study also its potential and limitations.
4

TESTING PROSPECT THEORY PARAMETERS

70%
Baláž V., Bačová V., Drobná E., Dudeková K., Adamík K.
Ekonomický časopis (Journal of Economics)
|
2013
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vol. 61
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issue 7
655 – 671
EN
This research study used the original Tversky and Kahneman (1992) methodology to establish values of the key prospect theory parameters in samples of Slovakian construction managers and tertiary students. Median sample values for choice tasks with gains elicited in both samples were fairly similar to those established by the Tversky and Kahneman work (1992). When the same estimation techniques and data types are used, the prospect theory parameter values in Slovakian samples seem fairly similar for standard student populations in developed countries. Based on our results we assume that estimation techniques and data types may be more important for determining parameter values than testing environments and gender or experience of participants.
5

ELLSBERGOV PARADOX: ROZHODOVANIE ZA PODMIENOK RIZIKA A NEISTOTY

70%
Baláž V., Fifeková E., Nemcová E.
Ekonomický časopis (Journal of Economics)
|
2009
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vol. 57
|
issue 3
213-229
EN
This research analysed decisions under risk and ambiguity on a sample of 539 students of the Bratislava University of Economics. Experiments with bets on Ellsberg paradox and familiar events generated results similar to those obtained by Fox and Tversky in 1995. New findings relate to gender differences in decisions under risk and uncertainty. Female students were more ambiguity averse, if they had felt less competent in area of decision. While bets by male participants were significantly higher in financial topics, gender differences were much lower in bets on linguistic topics.
6
Content available remote

Determinanty dobrostanu i dobrobytu

70%
Maciejasz-Swiatkiewicz M.
Nauki o Finansach
|
2011
|
issue 6
171-178
EN
People tend to think that money is the most important factor that make them happy. But not only do economic factors influence our happiness. There are lots of socio-demographic, ecological, cultural or psychological factors that determine our well-being and welfare. However, the problem with happiness is that the same actions can make one person happy but not another. This article presents in what ways all the aforementioned factors can determine our well-being, welfare and influence our happiness. Except for a pure educational use, this knowledge can be very useful for government while deciding about economic changes.
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