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Error-Prone Inference from Response Time : The Case of Intuitive Generosity in Public-Good Games

Recalde, Maria P. - 2018

Previous research on public-good games revealed greater contributions by fast decision-makers than by slow decision-makers. Interpreting greater contributions as generosity, this has been seen as evidence of generosity being intuitive. We caution that fast decisions are more prone to error, and...

Persistent link: https://www.econbiz.de/10012925616

Probability of Winning in Risky Choices

Chaudhary, Vikas - 2021

experiment, we deconstruct the expected value with variance and skewness of a lottery with Bernoulli distribution to examine the …

Persistent link: https://www.econbiz.de/10013323549

Adriani, Fabrizio; Sonderegger, Silvia - 2019

We use a simple cost-benefit analysis to derive optimal similarity judgments - addressing the question: when should we expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive resources are costly and are to be deployed only...

Persistent link: https://www.econbiz.de/10012058613

Flipping a coin: evidence from University applications

Dwenger, Nadja; Kübler, Dorothea; Weizsäcker, Georg - 2018

Persistent link: https://www.econbiz.de/10012138437

Time (In)Consistent Food Choice of Children and Teenagers

Bucher-Koenen, Tabea - 2012

resist temptation. Our evidence comes from a food choice experiment that we conducted with comparable participant pools of …

Persistent link: https://www.econbiz.de/10013109899

Decision-Making Under Risk : When Is Utility Maximization Equivalent To Risk Minimization?

Ruscitti, Francesco; Dubey, Ram Sewak; Laguzzi, Giorgio - 2023

We consider a standard one-agent decision-making problem under risk and we address the following question: under what conditions is utility maximization equivalent to 'risk' minimization, where the measure of risk used by the decision-maker is a conservative coherent risk measure?

Persistent link: https://www.econbiz.de/10014263940

Complexity aversion in risky choices and valuations : moderators and possible causes

Oberholzer, Yvonne; Olschewski, Sebastian; … - In: Journal of economic psychology 100 (2024), pp. 1-16

Persistent link: https://www.econbiz.de/10014551426

Deciding fast and slow

Pennesi, Daniele - 2016

Empirical evidence suggests that choices are affected by the amount of time available to the decision maker. Time pressure or a cooling-off period (mandatory delay of choice) changes how choices are determined. Yet, few models are able to account for the role of available time on decisions. This...

Persistent link: https://www.econbiz.de/10011703384

Narrative Decision-Making in Investment Choices : How Investors Use News About Company Performance

Johnson, Samuel - 2017

quotation (Experiment 1), as though they are using affectively laden information to predict the ending of a story. Importantly … predictions had downstream consequences for asset allocation choices (Experiment 2) and these choices were driven in part by … affective reactions to the company performance news (Experiment 3). These results could not be explained either by expectations …

Persistent link: https://www.econbiz.de/10012947776

Pure rank preferences and variation in risk-taking behavior

Stark, Oded; Budziński, Wiktor; Jakubek, Marcin - 2019

Assuming that an individual's rank in the wealth distribution is the only factor determining the individual's wellbeing, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual’s risk preferences towards gaining or losing absolute wealth....

Persistent link: https://www.econbiz.de/10012119128