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Choosing a good toolkit, I : formulation, heuristics, and asymptotic properties
Francetich, Alejandro; Kreps, David M. - 2016
The problem of choosing an optimal toolkit day after day, when the distribution of values of different toolkits is uncertain and can only be observed by carrying different toolkits, is a multi-armed bandit problem with non-independent arms. Accordingly, except for very simple specifications,...
Persistent link: https://www.econbiz.de/10011864877
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Choosing a good toolkit, II : simulations and conclusions
Francetich, Alejandro; Kreps, David M. - 2016
This paper continues our study of heuristics employed to choose dynamically tools to put in a toolkit, where the value of any tool can be discovered only by choosing it. This is a multi-armed bandit problem with “arms” that are not independent, hence it is a problem for which the optimal...
Persistent link: https://www.econbiz.de/10011864881
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The Effect of Gender on Investors’ Judgements and Decision Making
Luo, Yi - 2020
We examine whether an unsophisticated investor's own gender and the gender of a sell-side analyst report writer jointly …, irrespective of their gender, to respond differentially to analyst reports written by different genders. Yet archival research … shows individual investors' gender affects their personal investment decisions both directly and via the investment set …
Persistent link: https://www.econbiz.de/10012853762
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Implicit preferences inferred from choice
Cunningham, Tom; De Quidt, Jonathan - 2016 - Preliminary draft
.g. gender, race, sugar) have a stronger effect when the attribute is mixed with others, and so the decision becomes less … discrimination, self-control, and framing effects. …
Persistent link: https://www.econbiz.de/10011415271
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When to apply?
Coffman, Katherine B.; Collis, Manuela; Kulkarni, Leena - 2020
Persistent link: https://www.econbiz.de/10012175315
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Anchoring in financial decision-making : evidence from the field
Jetter, Michael; Walker, Jay K. - 2016
This paper analyzes 12,596 wagering decisions of 6,064 contestants in the US game show Jeopardy!, focusing on the anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue in their wagering decision, even though there exists...
Persistent link: https://www.econbiz.de/10011526727
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Context-Dependent Choice as Explained by Foraging Theory
Li, Shengwu - 2018
An agent makes consumption choices in multiple periods. Choice objects vary in type and quality; objects of the same type are inter-temporal substitutes. The current choice set is informative about the distribution over future choice sets. Thus, the presence of unchosen alternatives may...
Persistent link: https://www.econbiz.de/10012936784
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Biases and debiasing in bank lending decisions to nascent entrepreneurs : an experimental study
Stumpf-Wollersheim, Jutta; Döbrich, Christoph; … - In: International journal of entrepreneurship and small business 20 (2013) 4, pp. 462-480
Persistent link: https://www.econbiz.de/10010345062
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On the Magnification of Small Biases in Decision-Making
Davies, Shaun - 2020
We analyze a setting in which an actor learns about and then chooses one item from a set of N ex ante identical options. Under fairly general conditions, a large amount of effort is expended learning about one arbitrarily chosen option, less on another, etc. Unequal efforts cause unequal...
Persistent link: https://www.econbiz.de/10012848852
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"Overattention" to first-hand experience in hiring decisions : evidence from professional basketball
Dalton, Michael; Landry, Peter - In: Journal of economic behavior & organization : JEBO 175 (2020), pp. 98-113
Persistent link: https://www.econbiz.de/10012289833