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Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example … of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …
Persistent link: https://www.econbiz.de/10011525580
Economic small group research points to groups as more rational decision-makers in numerous economic situations … economic contexts dominated by group decision-making might be questioned. We consider the case of anchoring as a prime example … of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …
Persistent link: https://www.econbiz.de/10010244653
Confirmation bias, the compiling of cases verifying one's beliefs, as opposed to cases to falsify one's beliefs …
Persistent link: https://www.econbiz.de/10012854120
Persistent link: https://www.econbiz.de/10011449763
Persistent link: https://www.econbiz.de/10012153498
required to bring before the court any relevant information needed in order to reach a judicial decision. As part of her …
Persistent link: https://www.econbiz.de/10012835311
Much human behaviour can be seen as decision-making, and so understanding and influencing those decision …-making processes could be an important component in design for behaviour change. This paper examines the 'heuristics and biases …' approach to modelling decision-making, and attempts to extract insights which are relevant to designers working to influence …
Persistent link: https://www.econbiz.de/10014167061
Investigates the differences in decision-making processes used by managers in large organizations and entrepreneurs …. These differences are examined with respect to two biases and heuristics: overconfidence and representativeness …
Persistent link: https://www.econbiz.de/10013154693
Things change. Things also get changed—often. Why? The obvious reason is that revising things often makes them better. We document a less obvious reason: revising things makes consumers think they are better, even absent objective improvement. Eleven studies document the preference for...
Persistent link: https://www.econbiz.de/10012062978
particular has identified some heuristics and cognitive distortions (such as the 1/N heuristic, home bias, mental accounting or … (wie zum Beispiel die 1/n-Heuristik, die Heimat-Verzerrung, die mentale Buchführung oder die Ex... …
Persistent link: https://www.econbiz.de/10012128097