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Behavioral decision making in normative and descriptive views : a critical review of literature
Chai, Junyi; Weng, Zhiquan; Liu, Wenbin - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-14
Recent studies on decision analytics frequently refer to the topic of behavioral decision making (BDM), which focuses … on behavioral components of decision analytics. This paper provides a critical review of literature for re-examining the … relations between BDM and classical decision theories in both normative and descriptive reviews. We attempt to capture several …
Persistent link: https://www.econbiz.de/10012792414
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Measuring the nonmonetary component of general value for goods and services
Aityan, Sergey K.; Ivanov-Schitz, Alexey K.; Logunova, … - In: International journal of economics and financial issues … 7 (2017) 3, pp. 69-81
Persistent link: https://www.econbiz.de/10011809257
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Economic consequences of mispredicting utility
Frey, Bruno S.; Stutzer, Alois - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009753717
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Economic consequences of mispredicting utility
Frey, Bruno S.; Stutzer, Alois - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009766248
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Neurorecht ohne Psychologie? : die Rolle verhaltenswissenschaftlicher Betrachtungsebenen bei der Ableitung rechtspolitischer Empfehlungen
Glöckner, Andreas (contributor) - 2008
Eine zentrale Aufgabe des Rechts besteht darin, das Zusammenleben in der Gesellschaft durch formale Regeln zu gewährleisten und diese gegebenenfalls an veränderte Anforderungen der Umwelt anzupassen. Dazu offnen sich Rechtswissenschaft und -praxis verstarkt gegenüber Befunden aus...
Persistent link: https://www.econbiz.de/10003731210
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Bribery : Behavioral Drivers of Distorted Decisions
Gneezy, Uri; Saccardo, Silvia; van Veldhuizen, Roel - 2018
judgment. When the referee keeps the bribes regardless of the winner, bribes no longer influence her decision. A field …
Persistent link: https://www.econbiz.de/10014126521
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The Bounded Rationality and Behavioral Influence on Career Decisions - A Study on Voluntary Retirees of PSU Banks
Kayarkatte, Narayan - 2012
Sector Bank Employees. It is observed that in taking such a major decision, many employees do not act rationally thereby … factors lead them to defend their decision even against adversities and there is a tendency to stick to their initial … reasoning. The realization of irrationality comes only after treading in an irreversible path. The decision rationales of …
Persistent link: https://www.econbiz.de/10013109578
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Economic Consequences of Mispredicting Utility
Frey, Bruno S. - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10013080151
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Experience effects in economics lessons from past and current crises
Malmendier, Ulrike - 2023
Persistent link: https://www.econbiz.de/10013479324
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Behavioral economics interventions to improve medical decision-making
Hallek, Michael; Ockenfels, Axel; Wiesen, Daniel - 2023
Persistent link: https://www.econbiz.de/10014238989