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Behavioral second-order strategies : exploiting market myopia and agent delegation in economic decision-making

Hamann, Hanjo - 2016

Persistent link: https://www.econbiz.de/10011443064

How mindless is standard economics really?

Schipper, Burkhard - 2009

Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is "incomplete". That is, it has content that can not be revealed with any general...

Persistent link: https://www.econbiz.de/10003894920

Essays on pricing contracts

Lim, Noah - 2005

Persistent link: https://www.econbiz.de/10003946300

Toward the integration of personality theory and decision theory in the explanation of economic and health behavior

Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon; … - 2012

emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …

Persistent link: https://www.econbiz.de/10009570095

Economic consequences of mispredicting utility

Frey, Bruno S.; Stutzer, Alois - 2013

In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...

Persistent link: https://www.econbiz.de/10009766248