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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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Are groups 'less behavioral'? : the case of anchoring
Meub, Lukas; Proeger, Till - 2014
of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …
Persistent link: https://www.econbiz.de/10010244653
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Are groups 'less behavioral'? : the case of anchoring
Meub, Lukas; Proeger, Till - 2016 - Revised version: June 2016
of a well-established, robust bias. Individual and group biasedness in three economically relevant domains are compared …
Persistent link: https://www.econbiz.de/10011525580
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Anchoring and subjective belief distributions
Holm, Håkan J.; Veldhuizen, Roel van; Wengström, Erik; … - 2024
We investigate how the anchoring effect-a well-established cognitive bias-influences the full distribution of …
Persistent link: https://www.econbiz.de/10014515782
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Inventory decision-making biases : a review and suggestions for future research
Yamini, S.; Gajanand, M. S. - In: Benchmarking : an international journal 29 (2022) 6, pp. 1889-1912
Persistent link: https://www.econbiz.de/10013370981
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The Psychological Foundations of Rational Ignorance : Biased Heuristics and Decision Costs
Taylor, Brad R. - 2019
and related theories of political ignorance and bias. Providing stronger psychological foundations for rational ignorance …
Persistent link: https://www.econbiz.de/10014104535
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Social and private learning with endogenous decision timing
Jamison, Julian; Owens, David; Woroch, Glenn A. - 2009
Firms often face choices about when to upgrade and what to upgrade to. We discuss this in the context of upgrading to a new technology (for example, a new computer system), but it applies equally to the upgrading of processes (for example, a new organizational structure) or to individual choices...
Persistent link: https://www.econbiz.de/10003882877
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Asymmetric Naivete : Beliefs About Self-Control
Fedyk, Anastassia - 2018
Do individuals anticipate present bias in others? This paper jointly investigates beliefs about one's own and others …' present bias. In an online experiment, participants engaged in a real-effort task display little awareness of their own … present bias, but anticipate present bias in others. Structurally, I estimate a present bias parameter β of 0.82. Participants …
Persistent link: https://www.econbiz.de/10012936520
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Development of decision-model and strategies for allaying biased choices in design and development processes
Sánchez Ruelas, Jafet G.; Şahin, Tarık; Vietor, Thomas - In: Journal of open innovation : technology, market, and … 7 (2021) 2, pp. 1-22
elaborated. These decisions are taken by individuals that constantly rely on their intuition and heuristics to support their … decision-making processes. Although heuristics tend to be very helpful, in many cases, they can lead to cognitive biases. This …
Persistent link: https://www.econbiz.de/10012507350
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Decisions, preferences, and heuristics : an introduction to economic psychology and behavioral economics
Mir Artigues, Pere - 2023
elements together, the author presents a seminal model combining preferences and heuristics to explain choices in the …
Persistent link: https://www.econbiz.de/10014372512