We conduct a lottery experiment to assess the predictive importance of simple choice process metrics (SCPMs) in forecasting risky 50/50 gambling decisions using different types of machine learning algorithms as well as traditional choice modeling approaches. The SCPMs are recorded during a fixed...

The social and neural sciences share a common interest in understanding the mechanisms that underlie human behaviour. Yet, interactions between neuroscience and social science disciplines remain strikingly narrow and tenuous. We illustrate the scope and challenges for such interactions using the...

The tendency of people to think of money in nominal, rather than real, terms is now well documented by recent empirical data. In particular, experimental and neurobiological data provide new insights on the individual and subindividual (neurobiological processes) anchoring of money illusion. The...

When forming and updating beliefs about future life outcomes, people tend to consider good news and to disregard bad news. This tendency is assumed to support the optimism bias. Whether this learning bias is specific to ‘high-level' abstract belief update or a particular expression of a more...

Density forecasts of euro area inflation are a fundamental input for a medium-term oriented central bank, such as the European Central Bank (ECB). We show that a quantile regression forest, capturing a general non-linear relationship between euro area (headline and core) inflation and a large...

Over the past five years, emerging economies have consistently progressed toward achieving greater economic independence. The aviation industry has played a significant role in driving this progress. Accurately forecasting the future demand for air travel is crucial for making long-term...

Convolutional Neural Network (CNN) is a prevalent topic in deep learning (DL) research for their architectural advantages. CNN relies heavily on hyperparameter configurations, and manually tuning these hyperparameters can be time-consuming for researchers, therefore we need efficient...

The prediction of financial distress has emerged as a significant concern over a prolonged period spanning more than half a century. This subject has garnered considerable attention owing to the precise outcomes derived from its predictive models. The main objective of this study is to predict...