Showing 1 - 10 of 355,235
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically … performance later. In this paper, we exploit high-frequency data on decision-making by Major League Baseball umpires to examine …
Persistent link: https://www.econbiz.de/10012549756
Persistent link: https://www.econbiz.de/10000963724
Persistent link: https://www.econbiz.de/10011759535
How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality … rationality, with particular emphasis on growing formalization of those departures, which add necessary precision. We also explore … the relationship between bounded rationality and libertarian paternalism, or nudges, and show that some recent objections …
Persistent link: https://www.econbiz.de/10011926917
Persistent link: https://www.econbiz.de/10003748093
selected. We describe a bounded rationality model for extensive choices, which relies on a pluralist paradigm. An extensive …
Persistent link: https://www.econbiz.de/10014353633
This article features an interdisciplinary debate and dialogue about the nature of mind, perception, and rationality … biology — offer critiques and commentaries of a target article by Felin, Koenderink, and Krueger: “Rationality, Perception … concerning rationality and the all-seeing-eye argument, including the nature of judgment and reasoning, biases versus heuristics …
Persistent link: https://www.econbiz.de/10012945787
Persistent link: https://www.econbiz.de/10011632577
We describe a model that explains possibly indecisive choice behavior, that is, quasi-choices (choice correspondences that may be empty on some menus). The justification is here provided by a proportion of ballots, which are quasi-choices rationalizable by an arbitrary binary relation. We call a...
Persistent link: https://www.econbiz.de/10014241599
Persistent link: https://www.econbiz.de/10000989688