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We live in the plastic age (the "plasticene"), producing over 300 million tonnes (mt) of plastic every year globally, 5–15 mt of which flow into already polluted oceans. Plastic remains a key material in the global economy, but low rates of collection, reuse and recycling, emissions of...
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We examine how machine learning can be used to improve and understand human decision-making. In particular, we focus on … a decision that has important policy consequences. Millions of times each year, judges must decide where defendants will … await trial—at home or in jail. By law, this decision hinges on the judge's prediction of what the defendant would do if …
Persistent link: https://www.econbiz.de/10012962719
We examine how machine learning can be used to improve and understand human decision-making. In particular, we focus on … a decision that has important policy consequences. Millions of times each year, judges must decide where defendants will … await trial--at home or in jail. By law, this decision hinges on the judge's prediction of what the defendant would do if …
Persistent link: https://www.econbiz.de/10012455502
. We discuss how these findings relate to both dual-system and unitarysystem theories of decision making.We observe that … predictions of both recent dual-system and drift–diffusion models of the decision-making process are confirmed by our data and …
Persistent link: https://www.econbiz.de/10011438007
decision making. Fairness in the sense of equality has become an essential element of economic models aiming at explaining …
Persistent link: https://www.econbiz.de/10011538681
We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an … unknown value. A winner s curse phenomenon arises when subjects bid too high and make losses. Learning direction theory can … account for this. However, other influences on behaviour can also be identified. We introduce impulse balance theory to make …
Persistent link: https://www.econbiz.de/10011539130
Starting from the literature on decision processes in public choices, aim of the paper is to suggest an integrated … Municipality of Rome. The choice of sustainable mobility as a target of decision process lies on the fact that actually it is …
Persistent link: https://www.econbiz.de/10011539279