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Does response time predict withdrawal decisions? : lessons from a bank-run experiment

Kiss, Hubert János; Rodríguez-Lara, Ismael; … - 2018

We study how response time in a laboratory experiment on bank runs affects withdrawal decisions. In our setup, the bank has no fundamental problems, depositors decide equentially (if to keep the money in the bank or to withdraw) and may observe previous decisions depending on the information...

Persistent link: https://www.econbiz.de/10012011103

Investors' expertise, personality traits and susceptibility to behavioral biases in the decision making process

Rzeszutek, Marcin; Szyszka, Adam; Czerwonka, Monika - In: Contemporary economics 9 (2015) 3, pp. 337-352

The aim of this paper is to investigate the degree of susceptibility to behavioral biases (the certainty effect, the sunk cost fallacy, and mental accounting) among people of various levels of expertise in market investments and to determine whether this susceptibility is correlated with certain...

Persistent link: https://www.econbiz.de/10011392293

Rethinking Boudon's cognitive rationality in the light of Mises' apriorism and Gadamer's hermeneutics

Di Iorio, Francesco; Di Nuoscio, Enzo - In: Journal des économistes et des études humaines : JEEH 20 (2014) 2, pp. 129-142

Persistent link: https://www.econbiz.de/10010510267

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/10011990913