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Choice Judgment DIscrepancy and Inequality Aversion in Earnings: Evidence from the Republic of Moldova
Besliu, Corina
;
Bauer, Michal
(advisor) ;
Štika, Pavel
(referee)
Nowadays BE deals with many other issues besides loss aversion and the preference for fairness mentioned above. There are many works which examine such phenomena like the endowment effect, or the framing effect, the inequality aversion and the judgment choice discrepancy, the money illusion, or the mental accounting. This thesis will examine two of these topics: the discrepancy between choice and judgment and the inequality aversion. It will also try to prove that besides material payoffs there exist nonmaterial payoffs, which influence people's choices through their judgments and can be crucial in some situations, leading sometimes even to reversals in preferences.
Detailed record
Subjective Parameters in Income Inequality Evaluation and Their Measurement
Burkert, Vojtěch
;
Vostrovská, Zdenka
(advisor) ;
Munzi, Tomáš
(referee)
This diploma thesis deals with income inequality measurements and concentrates mostly on the subjective parameters that are used in inequality computations. The core of the thesis is an evaluation of data from a survey, in which a questionnaire was completed by 150 people, mostly students and recent graduates. The most surprising finding is that approximately one third of respondents support the absolute invariance principle; eventually, this means a denial of many types of measurements in welfare economics, including the Gini Index. In the questionnaire, the respondents were also supposed to estimate actual Czech income distribution. All groups of respondents, not excluding economists, substantially overestimated the lowest income class size.
Detailed record
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