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.e., strategic gamesʺ. Mathematical game theory gives a benchmark for rational decisions in such situations. The strategic character … situations where these strategies improve the effects of minimax-strategies that are used in cases of risk-aversion. …
Persistent link: https://www.econbiz.de/10003861848
Bracketing is a mental procedure about how people deal with multiple tasks. If a decision maker handles all the tasks at the same time, it is called broad bracketing. If she handles the tasks separately, e.g., one or a few tasks each time, it is called narrow bracketing. This paper...
Persistent link: https://www.econbiz.de/10009518332
The opportunity to voice one's opinion about a decision is a fundamental aspect of procedural fairness and applies to a … those who can voice their opinion. We study the latter effect in a laboratory experiment. More precisely, we analyze the …
Persistent link: https://www.econbiz.de/10009771811
incentivized laboratory experiment, an impartial decision maker at first decides about the allocation of money between two …
Persistent link: https://www.econbiz.de/10010258889
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., 1988). We tested this assumption in three experiments. In the first experiment, information was openly presented, whereas … in the second experiment the standard Mouselab program was used under different time limits. The results indicate that … the experimental procedure. In a third experiment, these results were replicated using more complex decision tasks, and …
Persistent link: https://www.econbiz.de/10003730760
It has been shown that in decision making evaluations of evidence and attributes are modified. In three studies it was investigated if this finding of coherence shifts generalizes to real-world probabilistic inference decisions which are made from given probabilistic cues. Using a...
Persistent link: https://www.econbiz.de/10003731154
Socio-economic decisions are commonly explained by rational cost vs. benefit considerations, whereas person variables have not usually been considered. The present study aims at investigating the degree to which dispositional power motivation and affective states predict socio-economic...
Persistent link: https://www.econbiz.de/10003731164