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Implementation rationality : the nexus of psychology and economics at the RAND logistics systems laboratory, 1956-1966s
Klein, Judy L. - 2015 - Version 3
simulation to translate the broad findings of normative microeconomics into detailed, implementable pr ocedures for US Air Force … oper ations. The laboratory was housed in the training simulation facilities that had been recently vacated by … problems. Economists went from using simulation to demonstrate the superiority of optimal policies derived from deductive …
Persistent link: https://www.econbiz.de/10011600635
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An Empirical Model of Learning Under Ambiguity : The Case of Clinical Trials
Fernandez, Jose M. - 2014
In this paper, I present an empirical model of learning under ambiguity in the context of clinical trials. Patients are concern with learning the treatment effect of the experimental drug, but face the ambiguity of random group assignment. A two dimensional Bayesian model of learning is proposed...
Persistent link: https://www.econbiz.de/10014048207
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Resolving the judgment and decision-making paradox between adaptive learning and escalation of commitment
Wong, Kin Fai Ellick; Kwong, Jessica Y. Y. - In: Management science : journal of the Institute for … 64 (2018) 4, pp. 1911-1925
Persistent link: https://www.econbiz.de/10011855751
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Consequences of misspecified mental models : contrasting effects and the role of cognitive fit
Martignoni, Dirk; Menon, Anoop; Siggelkow, Nicolaj - In: Strategic management journal 37 (2016) 13, pp. 2545-2568
Persistent link: https://www.econbiz.de/10011578066
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The Behavior of the Exchange Rate in the Genetic Algorithm and Experimental Economies
Arifovic, Jasmina - 1998
This paper studies the behavior of the exchange rate in the Kareken-Wallace overlapping generations economy with two currencies in which decision rules are updated using the genetic algorithm. The analysis shows that a stationary monetary equilibrium of the Kareken-Wallace model is not stable...
Persistent link: https://www.econbiz.de/10014085392
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Implementation Rationality : The Nexus of Psychology and Economics at the RAND Logistics Systems Laboratory, 1956-1966
Klein, Judy - 2015
simulation to translate the broad findings of normative microeconomics into detailed, implementable procedures for US Air Force … operations. The laboratory was housed in the training simulation facilities that had been recently vacated by psychologists … problems. Economists went from using simulation to demonstrate the superiority of optimal policies derived from deductive …
Persistent link: https://www.econbiz.de/10013015484
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Long-run expectations in a learning-to-forecast experiment : a simulation approach
Colasante, Annarita; Alfarano, Simone; Camacho-Cuena, Eva; … - In: Journal of evolutionary economics : JEE 30 (2020) 1, pp. 75-116
Persistent link: https://www.econbiz.de/10012252776
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Bayesian sequential learning for clinical trials of multiple correlated medical interventions
Chick, Stephen E.; Gans, Noah; Yapar, Ozge - 2020 - Revised version of 2018/20/TOM/ACGRE
Persistent link: https://www.econbiz.de/10012299936
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Exploratory power of behavioral models in the newsvendor problem : a simulation study
Köster, Christian; Schenke-Mathes, Heike; Specht, … - In: Central European journal of operations research : CEJOR … 27 (2019) 2, pp. 311-324
Persistent link: https://www.econbiz.de/10011994343
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Phases of psychologically optimal learning experience : task-based time allocation model
Bokal, Drago; Steinbacher, Mitja - In: Central European journal of operations research : CEJOR … 27 (2019) 3, pp. 863-885
Persistent link: https://www.econbiz.de/10012041428