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Buying online: Sequential decision making by shopbot visitors
Dulleck, Uwe; Hackl, Franz; Weiss, Bernhard; … - 2008
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10010294006
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Buying Online: Sequential Decision Making by Shopbot Visitors
Weiss, Bernhard; Dulleck, Uwe; Hackl, Franz; … - 2008
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10010294849
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Constructive decision theory
Blume, Lawrence E.; Easley, David; Halpern, Joseph Y. - 2009
Contemporary approaches to decision making describe a decision problem by sets of states and outcomes, and a rich set of acts: functions from states to outcomes over which the decision maker (DM) has preferences. Real problems do not come so equipped. It is often unclear what the state and...
Persistent link: https://www.econbiz.de/10010294014
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Beyond quantified ignorance: Rebuilding rationality without the bias bias
Brighton, Henry - 2019
If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
Persistent link: https://www.econbiz.de/10011991248
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Statistical foundations of ecological rationality
Brighton, Henry - In: Economics: The Open-Access, Open-Assessment E-Journal 14 (2020) 2020-2, pp. 1-32
If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
Persistent link: https://www.econbiz.de/10012160884
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How Does CEO Decision Style Influence Firm Performance? The Mediating Role of Speed and Innovativeness in New Product Development
Kruse, Sebastian; Bendig, David; Brettel, Malte - In: Journal of Management Studies 60 (2023) 5, pp. 1205-1235
relevance of CEO decision styles for firm performance and NPD, contribute to the debate on the rationality of heuristics, and … two key dimensions of CEO decision style, namely the use of heuristics and decision standards. We conceptualize the speed … German firms indicates that CEOs' use of heuristics may lead to higher NPD speed and stronger firm performance. In addition …
Persistent link: https://www.econbiz.de/10014504316
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Sozialstruktur und Semantik - Ordonomik als Forschungsprogramm in der modernen (Welt-)Gesellschaft
Pies, Ingo; Beckmann, Markus; Hielscher, Stefan - 2009
Gesellschaftstheoretiker wie der Soziologe Niklas Luhmann machen darauf aufmerksam, dass es in der modernen Gesellschaft zu systematischen Diskrepanzen zwischen Semantik und Sozialstruktur kommt. Solche Diskrepanzen – also Fälle, in denen Sozialstruktur und Semantik nicht zueinander passen...
Persistent link: https://www.econbiz.de/10011733772
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Beyond the economics of the euro - analysing the institutional evolution of EMU 1999-2010, September 2011
Salines, Marion; Glöckler, Gabriel; Truchlewski, Zbigniew - 2011
This Occasional Paper examines how and why the institutional framework governing EMU has evolved since the creation of the euro. Building on theories of institutionalism, the paper in particular investigates to what extent functional spillovers from the single currency into other policy domains,...
Persistent link: https://www.econbiz.de/10011606279
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Subjective rationality. The search for visually perceivable principles of order in urban research until 1975
Brünenberg, Stefanie - In: sub\urban : Zeitschrift für kritische Stadtforschung 10 (2022) 2/3, pp. 43-69
"spatial value number" reveals the incompatibility of rationality and aesthetics: the individual urban experience cannot be …
Persistent link: https://www.econbiz.de/10013479445
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Characteristics of Terrorism
Pittel, Karen; Rübbelke, Dirk - 2009
just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …
Persistent link: https://www.econbiz.de/10011753167