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Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks … rather than exploitation, and model the participants' decision-making processes using a learning model comparable to the …
Persistent link: https://www.econbiz.de/10013482224
This paper considers the problems facing decision-makers using econometric models in real time. It identifies the key … literature for dealing with them. The role of feedbacks from the decision-maker s actions to the data generating process is also …
Persistent link: https://www.econbiz.de/10011402465
cultural background matter. -- Decision under pressure ; altruism ; social norms ; interdependent preferences ; excess of …
Persistent link: https://www.econbiz.de/10003771813
enforced. This paper shows that economic analysis can account for human behavior in such situations. -- Decision under pressure …
Persistent link: https://www.econbiz.de/10003808139
Recent contributions on offshoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production steps....
Persistent link: https://www.econbiz.de/10003808676
Persistent link: https://www.econbiz.de/10003457682
WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs ceilings, i.e. tariff rates that no exporter may ever actually be confronted with, generate market access? The answer to this question relates to the effects of tariff bindings on...
Persistent link: https://www.econbiz.de/10003910492
the public good and leisure is valuable. Existing experiments start with a given number of "tokens" for each decision … to (or simultaneously with) the decision of how to allocate that income between private and public goods. -- decision …
Persistent link: https://www.econbiz.de/10008697050
actions. The resulting decisions may be less, rather than more, risky. Making a decision after acquiring information provides …
Persistent link: https://www.econbiz.de/10003937594
Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...
Persistent link: https://www.econbiz.de/10009535107