Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10003339987
Persistent link: https://www.econbiz.de/10003880038
Among the most important and robust violations of rationality are the attraction and the compromise effects. The compromise effect refers to the tendency of individuals to choose an intermediate option in a choice set, while the attraction effect refers to the tendency to choose an option that...
Persistent link: https://www.econbiz.de/10003897572
Persistent link: https://www.econbiz.de/10008826741
Persistent link: https://www.econbiz.de/10009502422
Persistent link: https://www.econbiz.de/10009582161
A group of rational individuals with common interest need to select one of two outcomes. The optimal decision depends on whether certain premises or pieces of evidence are established as being true, and each member receives a noisy signal of the truth value of the relevant premises. Should the...
Persistent link: https://www.econbiz.de/10009612243
Persistent link: https://www.econbiz.de/10011383732
Persistent link: https://www.econbiz.de/10002123907
Among the most important and robust violations of rationality are the attraction and the compromise effects. The compromise effect refers to the tendency of individuals to choose an intermediate option in a choice set, while the attraction effect refers to the tendency to choose an option that...
Persistent link: https://www.econbiz.de/10011690873