Showing 1 - 10 of 23
The work of Kahneman, Tversky and other psychologists has called the classical model of homo ?conomicus into question. Many studies conducted in psychology and economics have shown that classical economic expected utility theory does not satisfactorily describe human behaviour under risk. We...
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Literature in economics and psychology on moral behaviour explores the contexts in which people act in ways that are consistent or inconsistent with their past actions. Such inconsistencies appear to violate economists' assumption of rational consumer behaviour. In this note we show that a...
Persistent link: https://www.econbiz.de/10012104081
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Individuals differ in their ability to deal with unpredictable environments. Could impaired performances on learning an unpredictable cue-criteria relationship in a laboratory task be associated with impaired learning of complex skills in a natural setting? We focused on a multiple-cue...
Persistent link: https://www.econbiz.de/10010696607
This paper investigates the statistical properties of the Choquet and Sugeno integrals, used as multiattribute models. The investigation is done on an empirical basis, and focuses on two topics: the distribution of the output of these integrals when the input is corrupted with noise, and the...
Persistent link: https://www.econbiz.de/10010738659
This paper investigates the statistical properties of the Choquet and Sugeno integrals, used as multiattribute models. The investigation is done on an empirical basis, and focuses on two topics: the distribution of the output of these integrals when the input is corrupted with noise, and the...
Persistent link: https://www.econbiz.de/10008795137
Literature in economics and psychology on moral behaviour explores the contexts in which people act in ways that are consistent or inconsistent with their past actions. Such inconsistencies appear to violate economists' assumption of rational consumer behaviour. In this note we show that a...
Persistent link: https://www.econbiz.de/10012141058
Testing whether risk professionals (here insurers) behave differently under risk and ambiguity when they cover catastrophic risks (floods and earthquakes) and non-catastrophic risks (fires), this paper reports the results of the first field experiment in the United States designed to distinguish...
Persistent link: https://www.econbiz.de/10013116360