Alarmist decisions with divergent risk information

Article Abstract:

Individuals tend to create an alarmist response to risk information provided to them either by the government or industry information sources. People consider risk information as highly important and have the tendency to allot most of their attention on worst case scenarios. Such kind of attitude contribute to the usual overreaction response of the public to highly publicised risks.

Behavior Theory, Human behavior, Behavioral assessment, Risk communication

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Income inequality, human capital accumulation and economic performance

Article Abstract:

Higher income inequality entails higher human capital accumulation and economic performance. Utilization of an overlapping-generations model with heterogeneity in income and talent revealed that the probability of attaining education is greater for people with higher initial income than a threshold level. Creation of human capital is also higher for educated people with talent.

Economics, Research and Development in the Social Sciences and Humanities, Income distribution, Human capital

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