# Issue 26 , 2016

# List of articles

People often face choices where outcomes are both delayed and uncertain. Numerous studies of delayed gains and losses show the hyperbolalike discounting process of delayed payoffs. We assumed that when evaluating a delayed lottery people act according to the prospect theory model, where payoffs are discounted according to a hyperbolic function. The problem that we addressed is whether the a parameter of the value function v( ) and the g parameter of the probability weighting function w( ) differ for evaluations of delayed and instant lotteries. We found that when people compare delayed certain payoffs with delayed risky payoffs they are more risk prone than in situations where both certain payoffs and risky payoffs are instant. However, when people compare Views232 Downloads77 |

The paper presents an evolutionary model illustrating the dynamics that give rise to discriminatory social norms i.e. such rules of behaviour that fulfi l two conditions: (1) they treat differently actors having the same abilities and technical options, but differing in some arbitrary sense (2) they are supported by socially enforced sanctions. In the presented model both discrimination and social norms are necessary to solve a coordination problem that arises when the situation requires different actors to perform different tasks. The properties of behavioural rules relying on discrimination and leading to various degrees of inequality are analysed. It is demonstrated that in general norms ensuring equal payoffs are easier to stabilize, but unfair norms can also be stable. Views291 Downloads72 |

In fair distribution of a set of indivisible goods it is problematic to provide basic equality if the goods differ in value. One of the most popular solutions to the problems are lotteries. The paper presents seven selected probabilistic procedures: random distribution, lexicographic procedure of equal chances of satisfaction, random serial dictatorship, core from random endowments, probabilistic serial, top trading cycles from equal division and Views143 Downloads62 |

Statistical tests are used in science in order to support research hypotheses (theory, model). The Bayes Factor (BF) is a method that weighs evidence and shows which out of two hypotheses is better supported. Adopting the BF in statistical inference, we can show whether data provided stronger support for the null hypothesis, the alternative hypothesis or whether it is inconclusive and more data needs to be collected to provide more decisive evidence. Such a symmetry in interpretation is an advantage of the Bayes Views187 Downloads71 |

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