The presence of rational price bubbles during the German hyperinflation is tested under two different structural assumptions on the money process. If the money supply is constrained to be exogenous to the current inflation rate, the hypothesis of no bubble can be rejected. However, this is no longer found to be true when a feedback rule from inflation to money creation is allowed. The analysis ...

Work plays an important role in the lives of both societies and individuals. It serves as a means for
 social integration source identity, notwithstanding historical contexts marked by precarious
 employment. Whereas much international research many comparative studies have addressed
 young people’s relationship to work, existing literature tends paint rather uniform picture of&#...

Experimental choice data from 881 subjects based on 40 time-tradeoff items and 32 risky choice items reveal that most subjects are time-inconsistent and most violate the axioms of expected utility theory. These inconsistencies cannot be explained by well-known theories of behavioral inconsistency, such as hyperbolic discounting and cumulative prospect theory. Aggregating expected payoffs and th...

Porunar, Pulavar, Panar, Koudhar, Patini, Varaviyar are known as Iravalars (beggers). They called because they earn their living by singing. In songs, praise the rich people and gift, get gifts, money so on. The also go in search of Iravalars, love to hear songs them. Sangha literary texts speaks abundantly extensively about how income singing others.

We have developed a method for detecting real money traders (RMTers) to support the operators of massively multiplayer online role-playing games (MMORPGs). RMTers, who earn currency in the real world by selling properties in the virtual world, tend to form alliances and frequently exchange a huge volume of virtual currency within such a community. The proposed method exploits (i) the trading ne...

This study examined if the prosocial effects of oxytocin (OT) extend from individuals to a generalized other who is in need. Participants played a series of economic games to earn money and were presented with an opportunity to donate a portion of their earnings to charity. OT did not significantly increase the decision to donate, but among the 36% of participants who did donate, people infused...

The capacity to accurately evaluate the causal effectiveness of our actions is key to successfully adapting to changing environments. Here we scanned subjects using functional magnetic resonance imaging while they pressed a button to earn money as the response-reward relationship changed over time. Subjects' judgments about the causal efficacy of their actions reflected the objective contingenc...