Showing 1 - 10 of 3,187
The brain is probably the most interesting example of a complex network having 1/f variability as determined through the analysis of EEG time series and magnetoencephalogram recordings. Herein we develop a theory of 1/f noise of human cognition to explain the recent experimental observations...
Persistent link: https://www.econbiz.de/10011061617
between receiving a fixed chance and a gamble. We investigate theoretical properties of a class of models for the probability …
Persistent link: https://www.econbiz.de/10010906217
Persistent link: https://www.econbiz.de/10009391237
increased risk attractiveness, but no significant differences emerged in either probability discriminability or outcome utility …. In Experiment 3, time pressure reduced probability discriminability, which was coupled with severe risk-seeking behavior …
Persistent link: https://www.econbiz.de/10010572118
encountered. Discusses the role of probability and shows how to combine probability and economic consequences into a simple …
Persistent link: https://www.econbiz.de/10014843474
Attempts to assess the impact of structured and unstructured audit approaches on the auditor’s professional judgement. The auditor’s use of judgement was measured by using the anchoring and adjustment instrument developed by Biddle and Joyce and the representativeness and protectiveness...
Persistent link: https://www.econbiz.de/10014929512
This paper introduces a unified model for organizational change that is designed to help change analysts think through the decision-making process. Most organizational leaders do not manage change effectively because they fail to acquire the minimum amount of information necessary to make a...
Persistent link: https://www.econbiz.de/10009474988
Several countries practice a system where laymen, who lack legal education, participate in the judicial decision making. Yet, little is known about their potential influence on the court rulings. In Sweden lay judges (namndeman) are affiliated with the political parties and appointed in...
Persistent link: https://www.econbiz.de/10011406160
This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following trade-off: adding a good to the choice set has a positive option value but increases the complexity of the choice problem. The increased complexity is modeled as a reduction of...
Persistent link: https://www.econbiz.de/10010322636
probability weighting functions in decisions under risk. Extant approaches for the elicitation of these two key ingredients of … outcome distributions is sufficient to identify non-parametrically both the value function and the probability weighting … function are in line with previous research but that probability weighting biases are diminished, thus favoring our proposed …
Persistent link: https://www.econbiz.de/10010326260