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This article studies the explanatory power of intangible factors - such as country stereotypes and consumer perceptions - for the size of foreign direct investment (FDI) flows, controlling for fundamental variables. To operationalize the concept of these intangibles we use the idea of the...
Persistent link: https://www.econbiz.de/10011096162
of profit-making, etc.), morality (i.e. ethical norms) and intuition (i.e. the intuitive decision whether to engage in … of logic, moral and intuition should be all taken into consideration in order to better understand such illegal actions …
Persistent link: https://www.econbiz.de/10008596407
Persistent link: https://www.econbiz.de/10012236393
, which is replicable, as well as intuition, which is non-replicable. Intuition is expert knowledge possessed by a forecaster … updates are progressive, where the interaction between model and intuition is explicitly taken into account. The data set for … progressive, and that progress can be explained predominantly by improved intuition. …
Persistent link: https://www.econbiz.de/10011108725
Abstract Firms can exploit consumers' mistakes when facing complex purchasing decision problems but Gaudeul and Sugden (2012) argue that if at least some consumers disregard offers that are difficult to compare with others then firms will be forced into adopting common ways to present their...
Persistent link: https://www.econbiz.de/10011260766
make choice easier. We design an original experiment to identify consumers’ choice heuristics in the lab. Subjects are …
Persistent link: https://www.econbiz.de/10009647470
optimal conditional on utility functions departing from risk neutrality, or heuristics derived from limited cognitive … standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …
Persistent link: https://www.econbiz.de/10005187339
The Net Present Value maximizing model shows fallacies and inconsistencies that may be easily unmasked by performing a cognitive analysis of the decision-making process implied by the maximization problem. The model may be conveniently rescued if the maximizing version of the criterion is shunt...
Persistent link: https://www.econbiz.de/10005619621
This research examines how the reliance on emotional feelings as a heuristic influences the proposal of offers in negotiations. Results from three experiments based on the classic ultimatum game show that, compared to proposers who do not rely on their feelings, proposers who rely on their...
Persistent link: https://www.econbiz.de/10005619835
This paper clarifies some misinterpretations of three foundational concepts in mainstream economics from Islamic viewpoint. These are scarcity of resources, pursuit of self-interest and maximizing behavior of economic agents. It argues that stocks of resources that God has provided are...
Persistent link: https://www.econbiz.de/10009147568