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remedy for these shortcomings by developing a dynamical model of procedurally rational decision making. The basic idea of the … model is a feedback loop between experienced utility, decision utility, and activities. In applications of the model, I show …
Persistent link: https://www.econbiz.de/10014480143
We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision …
Persistent link: https://www.econbiz.de/10012118611
objective facts. A political decision involving both idiosyncratic preferences and scientific knowledge is considered. Voters …
Persistent link: https://www.econbiz.de/10011899691
As technology-assisted decision-making is becoming more widespread, it is important to understand how the algorithmic … study the preference for human or algorithmic decision makers in re-distributive decisions. In particular, we consider … whether algorithmic decision maker will be preferred because of its unbiasedness. Contrary to previous findings, the majority …
Persistent link: https://www.econbiz.de/10014495065
This paper considers the problem of changing prices over time to maximize expected revenues in the presence of unknown demand distribution parameters. It provides and compares several methods that use the sequence of past prices and observed demands to set price in the current period. A Taylor...
Persistent link: https://www.econbiz.de/10012025378
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The Paris Agreement established a new mechanism by which a country can offset some of its emissions reductions in other countries. Its design is still under negotiation. While taking advantage of cheaper abatement opportunities enables efficiency gains, the impact on the price volatility in the...
Persistent link: https://www.econbiz.de/10012304834
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National Statistical Institutes [NSIs] are increasingly investigating new ways of providing access to confidential microdata for research purposes. These innovations are being driven by the requirement for NSIs to ensure the best possible return for their investments in data collection coupled...
Persistent link: https://www.econbiz.de/10008823164