A robust finding in psychological research is that combining information with a mechanical rule results in more valid predictions than combining information holistically in the mind. Nevertheless, information is typically combined holistically in practice, resulting in suboptimal predictions and...

After a brief description of the role and functions of digital information systems, we examine, within the conception of these systems, the decisive breaks resulting from technological advances. Then, we clarify the problem of “capitalizing on company’s knowledge” in order to introduce a...

Overconfidence is a well-established bias in which someone's subjective confidence in their own judgments is systematically greater than their objective accuracy. There is abundant anecdotal evidence that overconfident people increase their exposure to risk. In this paper, we test whether...

Overconfidence is a well-established bias in which someone's subjective confidence in their own judgments is systematically greater than their objective accuracy. There is abundant anecdotal evidence that overconfident people increase their exposure to risk. In this paper, we test whether...

The main objective of the study outlined in this paper was to examine how the inclusion ofan additional labelled alternative, to provide respondents with more choice in a statedpreference survey, impacted on choice complexity. The valuation context was to elicitpreferences for improvements in...