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Information at a cost
Robalo, Pedro; Sayag, Rei - 2012
Persistent link: https://www.econbiz.de/10009724308
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Insurance and information : firms as a commitment device
Bovenberg, Ary Lans; Teulings, Coen N. - 2001
and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit …
Persistent link: https://www.econbiz.de/10011316894
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Acquisitions as a real options bidding game
Smit, Han T. J.; Berg, Ward A. van den; De Maeseneire, … - 2005
a competitive environment of imperfect information. The integrated model considers a potential target as a shared real … value. The level of information costs and the option value, affected by heterogeneity between bidders (correlation), their …
Persistent link: https://www.econbiz.de/10011337396
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A simple model of self-assessments
Dominguez-Martinez, Silvia; Swank, Otto H. - 2006
We develop a simple model that describes individuals’ self-assessments oftheir abilities. We assume that individuals learn about their abilities from appraisalsof others and experience. Our model predicts that if communicationis imperfect, then (i) appraisals of others tend to be too positive,...
Persistent link: https://www.econbiz.de/10011348342
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A dynamic model of investor decision-making : how adaptation to losses affects future selling decisions
Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, … - 2008
shift in reference point is a dynamic process that is updated every time new information is received about the stock …
Persistent link: https://www.econbiz.de/10011377365
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On the composition of committees
Beniers, Klaas J.; Swank, Otto H. - 2003
be motivated to collect information. Committees improvethe quality of decision-making by providing information and by … decision maker collect the proper pieces of information. Moreover, manipulation ofinformation does not occur if the preferences … composed ofmembers with polarized preferences. Outliers have a strong incentive to search for information. …
Persistent link: https://www.econbiz.de/10011332816
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Deal or no deal? : decision-making under risk in a large-payoff game show
Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006
We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...
Persistent link: https://www.econbiz.de/10011348343
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Using preferred outcome distributions to estimate value and probability weighting functions in decisions under risk
Donkers, Bas; Lourenco, Carlos J. S.; Dellaert, … - 2013
Persistent link: https://www.econbiz.de/10009765840
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Weighted temporal utility
Gerber, Anke; Rohde, Kirsten I. M. - 2013
We propose a novel utility representation for preferences over risky timed outcomes. The weighted temporal utility model generalizes many well known utility functions for intertemporal decision making under risk. A decision maker with a weighted temporal utility function can have time consistent...
Persistent link: https://www.econbiz.de/10010224796
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Decision making in incomplete markets with ambiguity : a case study of a gas field acquisition
Zhao, Lin; Wijnbergen, Sweder van - 2014
We apply utility indifference pricing to solve a contingent claim problem, valuing a connected pair of gas fields where the underlying process is not standard Geometric Brownian motion and the assumption of complete markets is not fulfilled. First, empirical data are often characterized by...
Persistent link: https://www.econbiz.de/10010465169