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Dynamic decision making and race games
De, Shipra - 2011
Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...
Persistent link: https://www.econbiz.de/10009458721
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FORECASTING: EXPECTATIONS, INTENTIONS, AND CONFIDENCE
Rothschild, David Michael - 2011
All three articles in my dissertation gather information from individuals, analyze it, and aggregate that information into forecasts of upcoming events. The motivation is to make forecasts more efficient (accurate and timely), more versatile (provide the most useful information for each...
Persistent link: https://www.econbiz.de/10009438764
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Perspectives on Firm Decision Making During Risky Technology Acquisitions
Powell, Adam C. - 2011
A novel survey dataset on computed tomography (CT) machine acquisition is used to explore which theories best answer two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing in updated technology? Second, what determines the value...
Persistent link: https://www.econbiz.de/10009438770
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Essays on the Information Acquisition of Doubt-Prone Decision Makers
alaoui, larbi - 2010
There are many situations in which individuals have a choice of whether or not to observe the eventual outcome. In these instances, individuals often prefer to avoid observing the outcome. The standard von Neumann-Morgenstern (vNM) Expected Utility model cannot accommodate these cases, since it...
Persistent link: https://www.econbiz.de/10009439041
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The Impact of Salient Privacy Information on Decision-Making
Tsai, Janice Y. - 2009
People value their privacy; however, they typically do not make the protection of their privacy a priority. Privacy is oftentimes not tangible, complicating the efforts of technology users to express and act according to their privacy needs. Additionally, people may not be fully aware of the...
Persistent link: https://www.econbiz.de/10009441042
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Punish in Public
Xiao, Erte; Houser, Daniel - 2006
arriving late to their child’s day care. We show here that enhancing the norm salience role of punishment can eliminate its … evidence that publicly implemented punishment enhances the salience of the violated social norm to both the punished and those … who observe punishment, and that this increased norm salience promotes group members’ norm obedience. Our findings have …
Persistent link: https://www.econbiz.de/10009441131
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Optimal harvesting of fish stocks under a time-varying discount rate
Duncan, Stephen; Hepburn, Cameron; Papachristodoulou, … - 2011
Optimal control theory has been extensively used to determine the optimal harvesting policy for renewable resources such as fish stocks. In such optimisations, it is common to maximise the discounted utility of harvesting over time, employing a constant time discount rate. However, evidence from...
Persistent link: https://www.econbiz.de/10009441415
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ASYMMETRY IN RAW MILK SAFETY PERCEPTIONS AND INFORMATION: IMPLICATIONS FOR RISK IN FRESH PRODUCE MARKETING AND POLICY
Knutson, Ronald D.; Currier, Russell W.; Ribera, Luis; … - 2010
Scientific evidence clearly indicates that consumption of raw milk carries substantialdisease-inducing health risks. While federal U.S. policy mandates that milk moving in interstatecommerce be pasteurized; within 41 of 50 states, raw milk can be obtained for consumption.Warning labels...
Persistent link: https://www.econbiz.de/10009442762
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Behavioral Economics and the Economics of Regulation
Earl, Peter E. - 2005
Behavioural economics draws upon fieldwork, experiments and research in disciplines such as psychology for building blocks to construct economic analysis that is more descriptively realistic and both augments and qualifies traditional economics as a tool for designing policy. Though behavioural...
Persistent link: https://www.econbiz.de/10009447867
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Bounded rationality and decomposability: The basis for integrating cognitive and evolutionary economics
Earl, Peter E.; Potts, Jason - 2004
This paper explores the interconnections between two of Herbert Simon's key concepts, bounded rationality and decomposability, and show how this unity provides the starting point for merging cognitively focused approaches to behavioral economics with evolutionary/institutional economics into a...
Persistent link: https://www.econbiz.de/10009447955