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Quasi-rational R&D behavior in an environment with fundamental uncertainty

Dimmig, Anne-Kathrin; Erlei, Mathias - 2012 - First Version: August 2012

uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage …. Participants in the experiment had almost no information about the underlying functions, parameters, and probabilities. Subjects …' behavior in the fundamentally uncertain environment of our experiment may best be characterized as some kind of procedural …

Persistent link: https://www.econbiz.de/10010481420

Designing for deliberative goal-based decision making in environments with rare adverse events- an experimental study

Hohnisch, Martin; Pittnauer, Sabine; Selten, Reinhard; … - In: Organization science : a journal of the Institute for … 27 (2016) 6, pp. 1417-1434

Persistent link: https://www.econbiz.de/10011629787

Strategic uncertainty in the guessing game and the role and effects of a public common noise player

Kasahara, Tetsuya - In: International journal of applied behavioral economics : … 6 (2017) 2, pp. 23-36

Persistent link: https://www.econbiz.de/10011675333

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 unquantifiable, where do we end up? In this article the author argues that we arrive at a statistical, normative, and cognitive theory of ecological rationality. The main casualty of...

Persistent link: https://www.econbiz.de/10011990913