Showing 1 - 10 of 167
provide evidence suggesting that protesting is rational, i.e., a deliberate and intentional choice to be civically engaged …
Persistent link: https://www.econbiz.de/10013191081
relatively little empirical knowledge about how it affects decision-making in specific medical contexts. Through general … conceptual discussion and consideration of a case study of leukemia chemo-therapy, this paper examines the medical decision …
Persistent link: https://www.econbiz.de/10012478990
choice of either home delivery or pharmacy pick-up a requirement for insurance eligibility. The program introduces an … implicit default for those who don't make an active choice: pharmacy pick-up without insurance subsidies. Under this program … choice and are assigned the implicit default. Individuals who financially benefit most from home delivery are more likely to …
Persistent link: https://www.econbiz.de/10012479429
allocations is not rejected in models that allow more than two household members to have agency in decision-making. In contrast … decision-making within complex households …
Persistent link: https://www.econbiz.de/10012480455
With agency costs of managerial discretion, equity financing is advantageous for the shareholders of firms with valuable investment opportunities but not for the shareholders of other firms. Accordingly, we find that firms with good investment opportunities are more likely to issue equity than...
Persistent link: https://www.econbiz.de/10012474000
-consistent expectations. This implicitly assumes unrealistic cognitive abilities on the part of economic decision makers. The relevant … question, however, is not whether the assumption can be literally correct, but how much it would matter to model decision … problems such as chess or go, in which decision makers look ahead only a finite distance into the future, and use a value …
Persistent link: https://www.econbiz.de/10012453028
Cognitive Economics is the economics of what is in people's minds. It is a vibrant area of research (much of it within Behavioral Economics, Labor Economics and the Economics of Education) that brings into play novel types of data--especially novel types of survey data. Such data highlight the...
Persistent link: https://www.econbiz.de/10012457832
Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This … paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a … stylized model of expert choice between two alternatives, we show that (i) less-commonly chosen alternatives are more likely to …
Persistent link: https://www.econbiz.de/10014544793
We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems … with the highest expected value, where the predictions are computed as convex combinations of choice set features. The most … one million decisions in 11,000 unique experimental choice problems. Complexity makes choices substantially noisier, which …
Persistent link: https://www.econbiz.de/10014372434
This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new … informally suggested that firms undertake errors in experimental choice (in particular, choosing experiments that involved biased …
Persistent link: https://www.econbiz.de/10012599381