Narrow search
Showing 1 - 10 of 83,549
Cover Image
Risks of observable and unobservable biases in artificial intelligence predicting consumer choice
Teleaba, Florian; Popescu, Sorin; Olaru, Marieta; … - In: Amfiteatru economic : an economic and business research … 23 (2021) 56, pp. 102-119
Companies are increasingly adopting Artificial Intelligence (AI) today. Recently however debates started over the risk of human cognitive biases being replicated (and scaled) by AI. Research on biases in AI predicting consumer choice is incipient and focuses on observable biases. We provide a...
Persistent link: https://www.econbiz.de/10012821258
Cover Image
Consumer Choice Rule While Examing Similar Consumption Bundles : Rational Choice to Behavioural Bias
Vikramaditya, Vibhu - 2021
exist in decision making. The study also tries to recognize the prime factors responsible for directing the consumer …’s purchasing decision towards the commodity. The study finds out that the Behavioural traits influence the decision-making approach … while purchasing the commodity and how prominent factors direct the consumer decision …
Persistent link: https://www.econbiz.de/10013237102
Cover Image
Order Effects in Eliciting Preferences
Kopsacheilis, Orestis; Goerg, Sebastian J. - 2023
Having an accurate account of preferences help governments design better policies for their citizens, organizations develop more efficient incentive schemes for their employees and adjust their product to better suit their clients' needs. The plethora of elicitation methods most commonly used...
Persistent link: https://www.econbiz.de/10014346015
Cover Image
Additive-Belief-Based Preferences
Dillenberger, David; Raymond, Collin - 2020
We introduce a new class of preferences — which we call additive-belief-based (ABB) —that captures a general and yet tractable approach to belief-based utility, and that encompasses many popular models in the behavioral literature. We show that the general class of ABB preferences and two...
Persistent link: https://www.econbiz.de/10014096033
Cover Image
Consumer Choice Rule While Examining Similar Consumption Bundles : Rational Choice to Behavioral Bias
Vikramaditya, Vibhu - 2021
exist in decision making. The study also tries to recognize the prime factors responsible for directing the consumer …’s purchasing decision towards the commodity. The study finds out that the Behavioral traits influence the decision-making approach … while purchasing the commodity and how prominent factors direct the consumer decision …
Persistent link: https://www.econbiz.de/10013245656
Cover Image
Why Do People Prefer Randomisation? An Experimental Investigation
Permana, Yudistira Hendra - 2019
data. The first story is that the decision-maker (DM) has strictly convex preferences and actually prefers a mixture of A …
Persistent link: https://www.econbiz.de/10012869670
Cover Image
Intrinsic preferences for autonomy
Freundt, Jana; Herz, Holger; Kopp, Leander - 2023
Personal autonomy has been argued to be fundamental to well-being and is often discussed as an important driver of economic and political behavior. Yet, preferences for autonomy are not well understood, because their identification requires the separation of instrumental value attached to...
Persistent link: https://www.econbiz.de/10014249889
Cover Image
Don't patronize me! : an experiment on preferences for authorship
Lübbecke, Silvia; Schnedler, Wendelin - 2019
Do people only reject interference and keep control in order to affect the outcome? We find that 20% of subjects reject unrequired help and insist on their solution to a problem - although doing so is costly and does not change the result. We tease out the motives by varying the information...
Persistent link: https://www.econbiz.de/10012146658
Cover Image
Commentary on Edmund Rolls: "Emotion and reason in human decision-making"
Solms, Mark - 2019
In his paper Emotion and reasoning in human decision-making (Economics Discussion Papers, No 2019-8) Edmund Rolls …
Persistent link: https://www.econbiz.de/10012035104
Cover Image
Procedurally justifiable strategies : integrating context effects into multistage decision making
Kemper, Fynn; Wichardt, Philipp C. - 2021
This paper proposes a simple framework to model contextual influences on procedural decision making. In terms of …
Persistent link: https://www.econbiz.de/10012745564