-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in …

the sinking of the RMS Titanic as a quasi-natural experiment to provide behavioural evidence that is rare in such a …

institutions compared to situations of individual decision-making. Intelligence, female gender, and the existence of siblings …

implemented. Fama & Jensen (1983) argue that the same members of many organization are often responsible for both decision … to express their discontent with the allocation of decision rights. How decisions come about also affects implementation …

actions. The resulting decisions may be less, rather than more, risky. Making a decision after acquiring information provides …

quantity of resources. Afterwards, one of the proposals is chosen by majority decision. If no proposal obtains a majority, a …

paper we argue that practicality is not the only feature that can be addressed by means of stochastic choice theory. This … theory also offers a powerful framework for developing a more realistic model for labor supply choices, founded on …

intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition …