performance are explained by differences in decision-making. We observe that three women teams are less aggressive in their …We investigate whether the gender composition of teams affect their economic performance. We study a large business … game, played in groups of three, where each group takes the role of a general manager. There are two parallel competitions …

In many areas of economics there is a growing interest in how expertise and preferences drive individual and group … decision making under uncertainty. Increasingly, we wish to estimate such models to quantify which of these drive decision … making. In this paper we propose a new channel through which we can empirically identify expertise and preference parameters …

interest for financing because their expertise enables them to identify good quality projects and to avoid unprofitable …

. In particular, portfolio performance, measured by the Sharpe ratio relative to the tangency portfolio, varies … significantly with liquidity. Moreover, although mean-variance performance becomes clearly worse, the levels of liquidity on optimal …

retain the former. This status quo bias emerged both within- and between-subjects, with and without incentives, with … place as well as modifications that should be incorporated into descriptive models of decision making. …

-reason” decision making can be more effective than analyses that use more information. We thus provide analytical backing to intriguing …

An important problem in descriptive and prescriptive research in decision making is to identify “regions of rationality … provide an overview by regressing heuristic performance on factors characterizing environments. Overall, “sensible” heuristics … regions (e.g., if there is low inter-correlation among attributes/cues). Since our work assumes a “hit or miss” decision …

premise that understanding human performance requires specifying how characteristics of the decision rules people use interact …Research on judgment and decision making presents a confusing picture of human abilities. For example, much research … empirical literature by a meta-analysis of lens model studies and estimate both human and heuristic performance in the same …