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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
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
Eine übertriebene Beschäftigung von Organisations- und Managementstudien mit Entscheidungskonzepten hat das Bild eines "organisatorischen Menschen" geprägt, der die Welt anhand von Repräsentationen, Zwecken und Entscheidungen abhandelt. Dies verstärkte die Annahme, dass eine Person, bevor...
Persistent link: https://www.econbiz.de/10003760411
adaptation. A categorization is introduced that accounts for asymmetries in misprediction. In decision-making, goods and …
Persistent link: https://www.econbiz.de/10003667009
status of economic models of decision making and their theoretical components, such as the concept of preference. In this …
Persistent link: https://www.econbiz.de/10014093925
proposals for mechanisms for the development of D-TEA (decision-theory, experiments, and applications). …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 …
Persistent link: https://www.econbiz.de/10012792414
Persistent link: https://www.econbiz.de/10003871820
This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following …-off there is an optimal number of goods that the decision maker wants to analyze before making his final choice. The choice of … with good consumer service can be a signal for high quality of the store. -- Decision making ; Bounded rationality ; Choice …
Persistent link: https://www.econbiz.de/10003962118
Decision theoretic models of group decision processes usually assume a given set of alternatives, about which the … decision has to take place. In realistic group decision situations, however, alternatives are often not specified a priori, but …
Persistent link: https://www.econbiz.de/10009499983
I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …
Persistent link: https://www.econbiz.de/10010364762