Showing 1 - 10 of 4,560
We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is …
Persistent link: https://www.econbiz.de/10012480101
We examine individuals' decisions to attend protests during the summer of 2020. Our analysis examines two simultaneous movements: Black Lives Matter along with protests calling for less stringent public health measures to combat the COVID-19 (e.g., for swifter reopening of businesses). Our...
Persistent link: https://www.econbiz.de/10013191081
With agency costs of managerial discretion, equity financing is advantageous for the shareholders of firms with valuable investment opportunities but not for the shareholders of other firms. Accordingly, we find that firms with good investment opportunities are more likely to issue equity than...
Persistent link: https://www.econbiz.de/10012474000
relatively little empirical knowledge about how it affects decision-making in specific medical contexts. Through general … conceptual discussion and consideration of a case study of leukemia chemo-therapy, this paper examines the medical decision …
Persistent link: https://www.econbiz.de/10012478990
Home-delivered prescriptions have no delivery charge and lower copayments than prescriptions picked up at a pharmacy. Nevertheless, when home delivery is offered on an opt-in basis, the take-up rate is only 6%. We study a program that makes active choice of either home delivery or pharmacy...
Persistent link: https://www.econbiz.de/10012479429
allocations is not rejected in models that allow more than two household members to have agency in decision-making. In contrast … decision-making within complex households …
Persistent link: https://www.econbiz.de/10012480455
-consistent expectations. This implicitly assumes unrealistic cognitive abilities on the part of economic decision makers. The relevant … question, however, is not whether the assumption can be literally correct, but how much it would matter to model decision … problems such as chess or go, in which decision makers look ahead only a finite distance into the future, and use a value …
Persistent link: https://www.econbiz.de/10012453028
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a … phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple … the number of forecasts the analyst has already issued increases. Also consistent with decision fatigue, we find that the …
Persistent link: https://www.econbiz.de/10012453421
This paper concerns the prescriptive function of decision analysis. I suppose that an agent must choose an action …. Hence, I reason that prescriptions for decision making should respect actuality. That is, they should promote welfare … maximization in the choice problem the agent actually faces. I conclude that any decision rule respecting weak and stochastic …
Persistent link: https://www.econbiz.de/10012464251
constructed-choice model for general decision making. The model departs from utility theory and prospect theory in its treatment … context on goals, resources, plans and decision rules. The paper concludes by suggesting some prescriptions for improving … individual decision making with respect to protective measures …
Persistent link: https://www.econbiz.de/10012466218