Showing 1 - 10 of 39,656
Persistent link: https://www.econbiz.de/10012137550
We introduce a dynamic model of emotional behavior regulation that can generalize to a wide range of decision dilemmas …. Dilemmas are characterized by availability of mutually exclusive goals that a decision maker is dually motivated to pursue. In … observed between so-called “preferences” revealed in repeated decision dilemmas (e.g., by choosing A over B at time 1, then …
Persistent link: https://www.econbiz.de/10011708855
This paper argues that telecommunications markets present the consumer with a decision-making environment that is … particularly likely to be prone to established biases in consumer decision-making. The analysis identifies four properties of …. -- Telecommunications ; Decision-making biases ; Behavioural economics ; Regulation …
Persistent link: https://www.econbiz.de/10009410531
This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...
Persistent link: https://www.econbiz.de/10010230894
procedure. At any given trial, the decision maker deliberately randomizes over mental categories and chooses the best item … decision maker picks the default option. We provide the necessary and sufficient conditions that characterize this model in a …
Persistent link: https://www.econbiz.de/10011526886
are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …
Persistent link: https://www.econbiz.de/10011557745
To nudge is to design choice contexts in order to improve choice outcomes. Richard Thaler and Cass Sunstein emphatically endorse nudging but reject more restrictive means. In contrast, I argue that the behavioral psychology that motivates nudging also motivates what may be called jolting—i.e....
Persistent link: https://www.econbiz.de/10010488390
This chapter provides a behavioral decision perspective on the implications of intertemporal choice research for …
Persistent link: https://www.econbiz.de/10013115514
This chapter focuses on the role of basic thinking processes in everyday economic decision making …
Persistent link: https://www.econbiz.de/10013099846
An agent makes consumption choices in multiple periods. Choice objects vary in type and quality; objects of the same type are inter-temporal substitutes. The current choice set is informative about the distribution over future choice sets. Thus, the presence of unchosen alternatives may...
Persistent link: https://www.econbiz.de/10012936784