Narrow search
Showing 1 - 10 of 264
Cover Image
The Dynamics of Inattention in the (Baseball) Field
Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically … performance later. In this paper, we exploit high-frequency data on decision-making by Major League Baseball umpires to examine …
Persistent link: https://www.econbiz.de/10012597586
Cover Image
A salience theory of choice errors
Manzini, Paola; Mariotti, Marco - 2010
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after … alternative specific salience and by the rationality of the agent (his general propensity to consider all alternatives). The model …
Persistent link: https://www.econbiz.de/10010269842
Cover Image
Stochastic choice and consideration sets
Manzini, Paola; Mariotti, Marco - 2012
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010289884
Cover Image
A model of overconfidence
Weinberg, Bruce A. - 2009
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation...
Persistent link: https://www.econbiz.de/10010269111
Cover Image
Toward the integration of personality theory and decision theory in the explanation of economic and health behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon; … - 2012
emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …
Persistent link: https://www.econbiz.de/10010287694
Cover Image
Tax structure and female labour market participation: evidence from Ireland
Callan, Tim; van Soest, Arthur; Walsh, John R. - 2007
How great an effect does the structure of income taxes have on women’s labour market participation? This issue is investigated using a discrete choice static labour supply model for married couples in Ireland. The model incorporates fixed costs of working and simultaneously explains...
Persistent link: https://www.econbiz.de/10010276673
Cover Image
Pregibit: A family of discrete choice models
Vijverberg, Chu-ping C.; Vijverberg, Wim P. - 2012
The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests...
Persistent link: https://www.econbiz.de/10010282457
Cover Image
Stochastic Choice and Consideration Sets
Manzini, Paola; Mariotti, Marco - Institute for the Study of Labor (IZA) - 2012
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010697237
Cover Image
A Salience Theory of Choice Errors
Manzini, Paola; Mariotti, Marco - Institute for the Study of Labor (IZA) - 2010
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after … alternative specific salience and by the rationality of the agent (his general propensity to consider all alternatives). The model …
Persistent link: https://www.econbiz.de/10008550521
Cover Image
A million answers to twenty questions: choosing by checklist
Mandler, Michael; Manzini, Paola; Mariotti, Marco - 2008
Many decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially … through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in …
Persistent link: https://www.econbiz.de/10010268583