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Choosing what is morally right can be based on the consequences (ends) resulting from the decision - the … decision-making, when these two moral principles come into conflict. Our design includes a real-stakes version of the classical …
Persistent link: https://www.econbiz.de/10014468273
decision makers exhibit a "memory premium." They tend to choose in-memory alternatives over out-of-memory ones, even when the …, the memory premium is associative, subject to interference and repetition effects, and decays over time. Even as decision …
Persistent link: https://www.econbiz.de/10015398102
This paper examines the efficiency of a decentralized equilibrium in a broad class of random-search job-ladder models …
Persistent link: https://www.econbiz.de/10015421860
We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems that can be computed for any standard dataset. These indices capture the predicted error rate in identifying the lottery with the highest expected value, where the predictions are...
Persistent link: https://www.econbiz.de/10014372434
This paper concerns the prescriptive function of decision analysis. I suppose that an agent must choose an action …. Hence, I reason that prescriptions for decision making should respect actuality. That is, they should promote welfare … maximization in the choice problem the agent actually faces. I conclude that any decision rule respecting weak and stochastic …
Persistent link: https://www.econbiz.de/10012464251
constructed-choice model for general decision making. The model departs from utility theory and prospect theory in its treatment … context on goals, resources, plans and decision rules. The paper concludes by suggesting some prescriptions for improving … individual decision making with respect to protective measures …
Persistent link: https://www.econbiz.de/10012466218
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
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 … promotion of economic efficiency and the preservation of human dignity …
Persistent link: https://www.econbiz.de/10012478990
Home-delivered prescriptions have no delivery charge and lower copayments than prescriptions picked up at a pharmacy. Nevertheless, when home delivery is offered on an opt-in basis, the take-up rate is only 6%. We study a program that makes active choice of either home delivery or pharmacy...
Persistent link: https://www.econbiz.de/10012479429
We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is …
Persistent link: https://www.econbiz.de/10012480101