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Whether, and if so, how exactly gender differences are manifested in moral judgment has recently been at the center of much research on moral decision making. Previous research suggests that women are more deontological than men in personal, but not impersonal, moral dilemmas. However, typical...
Persistent link: https://www.econbiz.de/10012955391
How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality approach in economics do not hold? Do human beings optimize, or can they? Several decades of research have shown that people possess a toolkit of heuristics to make decisions under...
Persistent link: https://www.econbiz.de/10011926917
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10003980496
, simplifying their choice process. For instance, in the case of a list he or she can use the order in which alternatives are … represented to make their choice. In this paper, we model representations and decision procedures operating on them. We show that … choice procedures are related to classical choice functions by a canonical mapping. Using this mapping, we can ask whether …
Persistent link: https://www.econbiz.de/10012698098
Several recent behavioral models of choice build on the idea that decision makers put more weight on attributes in … choice inconsistencies. As hypothesized, we find that subjects make more inconsistent choices when we add new options that …
Persistent link: https://www.econbiz.de/10011579506
by many theories of choice and implies that the decisionmaker prefers receiving the best outcome for sure over all … submit contradictory sets of decisions and thereby induce a dominated lottery between outcomes. Explicit choice of non … preference for randomization. -- Stochastic dominance violations ; individual decision making ; university choice ; matching …
Persistent link: https://www.econbiz.de/10009724701
, which contradicts most theories of choice such as expected utility but is consistent with a theory of responsibility … aversion that implies a preference for randomness. A large data set on university applications in Germany shows a choice …
Persistent link: https://www.econbiz.de/10010340311
between outcomes, contradicting most theories of choice such as expected utility. A large data set on university applications … in Germany shows a choice pattern that is consistent with a preference for randomization, entailing substantial …
Persistent link: https://www.econbiz.de/10010350796
An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
Persistent link: https://www.econbiz.de/10010403098
Response time is increasingly used to shed light on the process by which individuals make decisions. As mistakes may be correlated with response time it could, however, be misleading to use this measure to draw inference on preferences. To demonstrate we build on a recent literature, which uses...
Persistent link: https://www.econbiz.de/10010412857