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Substantial evidence indicates that information is distorted during decision making. However, no studies have assessed the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information distortion. We report two studies involving six binary...
Persistent link: https://www.econbiz.de/10009440971
In four studies, student and nonstudent participants evaluated the possible outcomes of binary decisions involving health, safety, and environmental risks (e.g., whether to issue a dam-failure evacuation order). Many participants indicated that false positives (e.g., evacuation, but no dam...
Persistent link: https://www.econbiz.de/10009441242
Substantial evidence indicates that information is distorted during decision making. However, no studies have assessed the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information distortion. This paper reports two studies involving six...
Persistent link: https://www.econbiz.de/10009441297
In four studies, student and nonstudent participants evaluated the possible outcomes of binary decisions involving health, safety, and environmental risks (e.g., whether to issue a dam-failure evacuation order). Many participants indicated that false positives (e.g., evacuation, but no dam...
Persistent link: https://www.econbiz.de/10009441300
-levelled learning mechanism optimises signal plans on-line while a distributed coordination mechanism establishes green waves in the …
Persistent link: https://www.econbiz.de/10009434642
The coordination plays central role in the economics. The conventional economic theory looks at the market and … enterprise (or hierarchy) as two different, separated manner of coordination of economic goods and services. However the modern … several types of hybrid forms) of coordination (or governance structure) necessarily live together in the current economic …
Persistent link: https://www.econbiz.de/10009442656
This paper addresses the coordination and innovation issues needed for promoting value added at the rural and regional … the supply side networks are important to solve the coordination issues, while networks for identifying and … that in addition to the time conflict, innovation and new information may make it more difficult to maintain coordination …
Persistent link: https://www.econbiz.de/10009442661
coordination. Conducting joint analysis of these theories set up new structures of minimized governing of the costs of transactions …
Persistent link: https://www.econbiz.de/10009442797
We study business organization and coordination of specialty-market hog production using a comparative analysis of two …
Persistent link: https://www.econbiz.de/10009443102
This paper addresses the coordination and innovation issues needed for promotingvalue added at the rural and regional … inaddition to the time conflict, innovation and new information may make it moredifficult to maintain coordination networks. …
Persistent link: https://www.econbiz.de/10009445906