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Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...
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Experts often disagree. A decision-maker may be averse to such expert disagreement. Existing models of aversion to … better than another, so should the decision-maker. Such unanimity among experts, however, can be spurious, masking …
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This paper uses four different disappointment models to examine the production decision of the competitive firm under …
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