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Reconsidering the common ratio effect : the roles of compound independence, reduction, and coalescing

Schmidt, Ulrich; Seidl, Christian - 2014

Common ratio effects should be ruled out if subjects' preferences satisfy compound independence, reduction of compound … lotteries, and coalescing. In other words, at least one of these axioms should be violated in order to generate a common ratio … observation of common ratio effects.We observe that compound independence and reduction of compound lotteries hold, whereas …

Persistent link: https://www.econbiz.de/10010367224

Reconsidering the common ratio effect : the roles of compound independence, reduction, and coalescing

Schmidt, Ulrich; Seidl, Christian - In: Theory and decision : an international journal for … 77 (2014) 3, pp. 323-339

Persistent link: https://www.econbiz.de/10010481151

Behavioral Ordering, Competition and Profits : An Experimental Investigation

Quiroga, Bernardo F. - 2019

We investigate the impact of behavioral ordering on profits under competition. Specifically, we use controlled laboratory experiments to evaluate the differences in profits between a behavioral competitor (where a human places orders), and a management science-driven competitor (where orders are...

Persistent link: https://www.econbiz.de/10012904634

Evaluation of Econometric Models of Adaptive Learning by Predictive Measures

Chernov, Gregory - 2020

Game-theoretic models of learning are hard to study even in the laboratory setting due to econometric and practical concerns (like the limited length of an experimental session).In particular, as the simulations by (Salmon, 2001) show, in a cross-model (or "blind'') testing of several models,...

Persistent link: https://www.econbiz.de/10012827651

The sequencing problem in sequential investigation processes

Kretschmer, Jürgen-Peter - 2011

Many decision problems in various fields of application can be characterized as diagnostic problems trying to assess the true state (of the world) of given cases. The investigation of assessment criteria improves the initial information according to observed signal outcomes, which are related to...

Persistent link: https://www.econbiz.de/10010286426

A novel approach to incubator evaluations : the PROMETHEE outranking procedures

Schwartz, Michael; Göthner, Maximilian - 2009

Considerable public resources are devoted to the establishment and operation of business incubators (BIs), which are seen as catalysts for the promotion of entrepreneurship, innovation activities and regional development. Despite the vast amount of research that has focused on the outcomes or...

Persistent link: https://www.econbiz.de/10003825748

When are signals complements or substitutes?

Börgers, Tilman; Hernando-Veciana, Ángel; Kröhmer, Daniel - 2010

The paper introduces a notion of complementarity (substitutability) of two signals which requires that in all decision problems each signal becomes more (less) valuable when the other signal becomes available. We provide a general characterization which relates complementarity and...

Persistent link: https://www.econbiz.de/10008665186

Conditions for quantum interference in cognitive sciences

Jukalov, Vjačeslav I.; Sornette, Didier - 2013

We present a general classification of the conditions under which cognitive science, concerned e.g. with decision making, requires the use of quantum theoretical notions. The analysis is done in the frame of the mathematical approach based on the theory of quantum measurements. We stress that...

Persistent link: https://www.econbiz.de/10009751180

The sequencing problem in sequential investigation processes

Kretschmer, Jürgen-Peter - 2011

Persistent link: https://www.econbiz.de/10008936420

Optimal Decision Rules for Product Recalls

Sezer, Ali Devin - 2012

We consider a hypothetical company that is assumed to have just manufactured and sold a number of copies of a product. It is known that, with a small probability, the company has committed a manufacturing fault that will require a recall. The company is able to observe the expiration times of...

Persistent link: https://www.econbiz.de/10013116101

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