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decision, taking explicitly into consideration both risk and uncertainty. In the follow up work, currently being completed …' choice of parking type and location) however, little attention has been devoted to understand how risk and uncertainty … influence drivers' behaviours in parking decision. This paper presents the preliminary outcomes of a laboratory experiment …
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Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
Persistent link: https://www.econbiz.de/10012308290
Belief elicitation is important in many different felds of economic research. We show that how a researcher elicits such beliefs-in particular, whether the belief is about the participant's opponent, an unrelated other, or the population of others-affects the processes involved in the formation...
Persistent link: https://www.econbiz.de/10013341662
A decision problem is relatively complex and broadly involves two distinct moments, i) information gathering and ii …) use of available information and decision-making. In the first case one can discuss the potential of rigorous methods … high uncertainty. This paper develops this issue focusing on the regional and local development decision-making process …
Persistent link: https://www.econbiz.de/10011491963
This study examines gender differences in overconfidence and decision-making in a high-stakes environment. Using data …
Persistent link: https://www.econbiz.de/10012435516
nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In … general, people are not risk averse anymore even if utility from divisible consumption is concave. I propose a definition of … same reasons that rule out risk aversion turn out to be the basis of a desire to insure.This calls into question the …
Persistent link: https://www.econbiz.de/10012231153
Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...
Persistent link: https://www.econbiz.de/10011491961
Starting from the literature on decision processes in public choices, aim of the paper is to suggest an integrated … Municipality of Rome. The choice of sustainable mobility as a target of decision process lies on the fact that actually it is …
Persistent link: https://www.econbiz.de/10011539279