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Classic behavioral decision research has intensively explored deliberate processes in decision making. Accordingly … constraint for many decision problems. The general parallel constraint satisfaction (PCS) approach is outlined, which aims at … describe decision making comprehensively, models must account for the interaction between automatic and deliberate processes …
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for testing the proposed unifying theory under complex real-world conditions are discussed. -- Judgment and Decision …Expertise research shows quite ambiguous results on the abilities of experts in judgment and decision making (JDM …
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This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of … asymmetric positional evaluation in terms of losses and gains, time pressure, fatigue, and complexity. The results also document …
Persistent link: https://www.econbiz.de/10012499843
Differences in cognitive sophistication and effort are at the root of behavioral heterogeneity in economics. To explain this heterogeneity, behavioral models assume that certain choices indicate higher cognitive effort. A fundamental problem with this approach is that observing a choice does not...
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It has been shown that in decision making evaluations of evidence and attributes are modified. In three studies it was … deci-sion making (Exp. 2 & 3). It was found that even in environments with considerable real-world cue knowledge (weather …, but that they are changed to form coherent representations of the decision situation. The findings conflict with the basic …
Persistent link: https://www.econbiz.de/10003731154
Three studies sought to investigate decision strategies in memory-based decisions and to test the predictions of the … parallel constraint satisfaction (PCS) model for decision making (Glöckner & Betsch, 2008). Time pressure was manipulated and … PCS we predicted that fast intuitive decision making is based on compensatory information integration and that decision …
Persistent link: https://www.econbiz.de/10003862388