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We set out to find ways to help decision makers overcome the "winner's curse," a phenomenon commonly observed in … of the "Acquiring a Company Task," we tried to enhance decision makers' cognitive understanding of the task. We did so by …
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We explore whether behavioral biases impede the effective processing and interpretation of soft information in private lending. Taking advantage of the internal reporting system of a large federal credit union, we delineate three important biases likely to affect the lending process: (1) limited...
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