Showing 1 - 10 of 8,153
ecological rationality research program, it presents the main factors that determine economic choices, before exploring the most … elements together, the author presents a seminal model combining preferences and heuristics to explain choices in the …
Persistent link: https://www.econbiz.de/10014372512
Persistent link: https://www.econbiz.de/10003309256
Rational ignorance and related models of voter choice have been accused of psychological implausibility or even incoherence. Although such models run counter to folk psychological understandings of choice, this paper argues that they are consistent with widely-accepted dual process theories of...
Persistent link: https://www.econbiz.de/10014104535
How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality … possess a toolkit of heuristics to make decisions under certainty, risk, subjective uncertainty, and true uncertainty (or … Knightian uncertainty). We outline recent advances in knowledge about the use of heuristics and departures from Bayesian …
Persistent link: https://www.econbiz.de/10011926917
Persistent link: https://www.econbiz.de/10012159959
Persistent link: https://www.econbiz.de/10010211740
Persistent link: https://www.econbiz.de/10009776510
Persistent link: https://www.econbiz.de/10012264055
This paper examines the research area identified by Frey and Gallus (Aggregate Effects of Behavioral Anomalies: A New Research Area, 2014) and the relationship between it and the choices that economists make. It supports the Frey and Gallus view that, as a consequence of individuals employing...
Persistent link: https://www.econbiz.de/10010407517
This paper examines the research area identified by Frey and Gallus (Aggregate Effects of Behavioral Anomalies: A New Research Area, 2014) and the relationship between it and the choices that economists make. It supports the Frey and Gallus view that, as a consequence of individuals employing...
Persistent link: https://www.econbiz.de/10011296321