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The effects of procedures on decision making : experimental evidence

Mertins, Vanessa - 2009

There is substantial empirical evidence and increasing recognition that not only outcomes, but also the procedures leading to them, can affect people' s utility from, and their reactions to, those decisions. However, there is still a large gap between numerous studies by non-economists (e.g.,...

Persistent link: https://www.econbiz.de/10009468509

Der Einfluss von Steuern auf Investitions- und Arbeitsangebotsentscheidungen - Experimentelle Analysen zur Wahrnehmung der Steuerbelastung

Fochmann, Martin - 2011

leads to an unexpected increase in risky investment decisions. This result can be attributed to a tax bias as individuals …

Persistent link: https://www.econbiz.de/10009478158

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

Causal Inference with Two-Stage Logistic Regression - Accuracy, Precision, and Application

Cai, Bing - 2010

2SPS and 2SRI for logistic binary outcomes have not been thoroughly studied. We study the bias and variance properties … trial. We first present closed form expressions of asymptotic bias for the causal odds ratio from both 2SPS and 2SRI … approaches. Our closed form bias results show that the 2SPS logistic regression generates asymptotically biased estimates of this …

Persistent link: https://www.econbiz.de/10009439053

Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions

DeKay, Michael L.; Patiño-Echeverri, Dalia; Fischbeck, … - 2005

alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …

Persistent link: https://www.econbiz.de/10009441242

Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions

DeKay, Michael L.; Patino-Echeverri, Dalia; Fischbeck, … - 2008

alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …

Persistent link: https://www.econbiz.de/10009441300

Open-Access Fishery Models: Relaxing a Constraint and Removing an Econometric Obstacle

Gomersall, C. Nicholas - 1992

Over the past 30 years, a widely accepted model of "open-access" fisheries has been developed, yet empirical tests of the standard model have been relatively few. One difficulty is that fish stocks, the levels of which affect the rate of catch, are not directly observable. Simplifying...

Persistent link: https://www.econbiz.de/10009444643

The Impacts of Attribute Level Framing and Changing Cost Levels on Choice Experiments Value Estimates

Kragt, Marit Ellen; Bennett, Jeffrey W. - 2010

Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...

Persistent link: https://www.econbiz.de/10009446025

Bias Reduction and Goodness-of-Fit Tests in Conditional Logistic Regression Models

Sinha, Samiran (contributor); Wang, Suojin (contributor) - 2010

bias preventive approach developed by Firth (1993) to handlethe bias of an estimator of the log-odds ratio parameter in … conditional logistic regression bysolving a modified score equation. The resultant estimator not only reduces bias but alsocan …

Persistent link: https://www.econbiz.de/10009464883

Choke price bias in choice experiments

Morkbak, Morten Raun; Christensen, Tove; Gyrd-Hansen, Dorte - 2010

This paper reports on the results from a split sample choice experiment, where the effect of changing the maximum level of the cost attribute is investigated. The hypothesis was that changing the maximum price level would either give rise to an income effect or have no effect on consumers'...

Persistent link: https://www.econbiz.de/10009448676