Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10000998178
This paper focuses on behavioral routines in adaptive decision making - an issue which has fairly been neglected to date. In two successive experiments, participants worked on recurrent, multiattribute choice problems. In the first experiment, we induced routines by relying upon the human...
Persistent link: https://www.econbiz.de/10005761104
The strength of decision routines was manipulated within a computer controlled micro-world simulation which required that participants make recurrent acquisition and disposal decisions. One week after having learned weak or strong routines, participants were confronted with changes in this...
Persistent link: https://www.econbiz.de/10005463677
Persistent link: https://www.econbiz.de/10005430852
Conditional probability judgments of rare events are often inflated when some meaningful relation exists between the condition and the low-baserate event. While traditional explanations assume that human judgments are generally insensitive to statistical baserates, more recent evidence shows...
Persistent link: https://www.econbiz.de/10005628308