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학술대회자료

Self-evaluated time and option value of military service before and after

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We hypothesize that the cognitive biases such as nostalgia, rosy retrospection, overconfidence, fading-affect bias and prospect theory affect how to serve in the military. The behaviors of those expecting military service and those completed the service differ significantly in evaluating the self and social value of the human capital for the military. This difference corresponds to the predictions of the cognitive-bias literature. Our experimental design proposes a novel military system, a hybrid of conscription and voluntary systems.

Abstract

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