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When guessing what another person would say is better than giving your own opinion : using perspective-taking to improve advice-taking
Yaniv, Ilan; Choshen-Hillel, Shoham - 2012
Persistent link: https://www.econbiz.de/10009658786
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Cognitive traps in individual and organizational behavior : some empirical evidence
Bonini, Nicolao; Egidi, Massimo - In: Revue d'économie industrielle (1999) 2, pp. 153-186
Persistent link: https://www.econbiz.de/10001466122
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The logic of normative falsification : rationality and experiments in decision theory
Guala, Francesco - In: The journal of economic methodology 7 (2000) 1, pp. 59-93
Persistent link: https://www.econbiz.de/10001516507
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Probabilities vs money : a test of some fundamental assumptions about rational decision making
Loomes, Graham - In: The economic journal : the journal of the Royal … 108 (1998) 447, pp. 477-489
Persistent link: https://www.econbiz.de/10001237800
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Rationality in social science : foundations, norms, and prosociality
Krumpal, Ivar (ed.); Raub, Werner (ed.); Tutić, Andreas (ed.) - 2021
Persistent link: https://www.econbiz.de/10012629731
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Pleasure and belief in hume's decision process
Diaye, Marc-Arthur; Lapidus, André - In: The European journal of the history of economic thought 19 (2012) 3, pp. 355-384
Persistent link: https://www.econbiz.de/10009614412
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The standard model of rational risky decision-making
Falahati, Kazem - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-22
Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under … behaviour under utility theory is incompatible with scarcity of resources, making behaviour consistent with EUT irrational and …
Persistent link: https://www.econbiz.de/10012520657
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Fast then slow : a choice process explanation for the attraction effect
Gaudeul, Alexia; Crosetto, Paolo - 2019
In this paper we provide choice-process experimental evidence that the attraction effect is a short-term phenomenon, that disappears when individuals are given time and incentives to revise their choices. The attraction (or decoy) effect is the most prominent example of context effects, and it...
Persistent link: https://www.econbiz.de/10012135537
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Rationality is not consistency
Caliari, Daniele - 2023
We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … evidence raises doubts about the choice of language that equates consistency with rationality in economics. …
Persistent link: https://www.econbiz.de/10014323610
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Equality, equity and incentives : an experiment
Balafoutas, Loukas; Kocher, Martin; Putterman, Louis G.; … - 2010
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10008669188