We provide empirical evidence that the experience of a socialist regime leads to a lack of self-reliance by comparing East and West Germans conditional

To decide on the policy measures to be implemented, policymakers need comprehensive information on the costs and benefits of land conversion for society. Accordingly, the EU Biodiversity Strategy requires the member countries to assess their...

Kiel Policy Brief No. 60: In the wake of the global crisis, a new resentment against capitalism and the rules of our market economy has developed and has also influenced the economic mainstream.

The aim of the research program was to study how psychological and neuroscientific knowledge about human motivation, emotion and social cognition can inform models of economic decision making in addressing global economic problems. The program sought...

We study economic, psychological and neurological foundations of economic decisions under uncertainty and excessive risk-taking. To do so, we conduct three studies, which include economic experiments, psychophysiological measurements and brain...

The number of studies published focusing on people’s preferences for green electricity has increased steadily, making it more and more difficult to identify key explanatory factors that determine people’s willingness-to-pay (WTP). Based on results of...

Based on a quasi-experimental difference-in-differences approach, we use panel data for 5979 individuals interviewed in Japan before and after the tsunami and nuclear accident at Fukushima to analyze the effects of the combined disaster on people's...