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Surviving the Titanic disaster : economic, natural and social determinants

Frey, Bruno S.; Savage, David A.; Torgler, Benno - 2009

The sinking of the Titanic in April 1912 took the lives of 68 percent of the people aboard. Who survived? It was women and children who had a higher probability of being saved, not men. Likewise, people traveling in first class had a better chance of survival than those in second and third...

Persistent link: https://www.econbiz.de/10003808139

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

Frey, Bruno S. - 2008

This paper explores the determinants of survival in a life-and-death situation created by an external and unpredictable shock. We are interested in seeing whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...

Persistent link: https://www.econbiz.de/10012769705

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

Frey, Bruno S.; Savage, David A.; Torgler, Benno - 2008

This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...

Persistent link: https://www.econbiz.de/10014214088

Quantum decision theory in simple risky choices

Favre, Maroussia; Wittwer, Amrei; Heinimann, Hans Rudolf; … - 2016

subjectivity on decision makers, the quarter law. We examine individual and aggregated (group) data, and find that the results are … in good agreement with the quarter law at the level of groups. At the individual level, it appears that the quarter law … could be refined in order to reflect individual characteristics. This article revisits the formalism of QDT along a concrete …

Persistent link: https://www.econbiz.de/10011514496

When rational decision-making becomes irrational : a critical assessment and re-conceptualization of intuition effectiveness

Julmi, Christian - In: Business research 12 (2019) 1, pp. 291-314

Intuition can lead to more effective decision-making than analysis under certain conditions. This assumption can be regarded as common sense. However, dominant research streams on intuition effectiveness in decision-making conceptualize intuition inadequately, because intuition is considered...

Persistent link: https://www.econbiz.de/10012029308

Posterior Renegotiation-Proofness in a Two-Person Decision Problem

Kawakami, Kei - 2015

When two agents with private information use a mechanism to determine an outcome, what happens when they are free to revise their messages and cannot commit to a mechanism? We study this problem by allowing agents to hold on to a proposed outcome in one mechanism while they play another...

Persistent link: https://www.econbiz.de/10013037651

Ashamed to be selfish

Dillenberger, David; Sadowski, Philipp - In: Theoretical economics : TE ; an open access journal in … 7 (2012) 1, pp. 99-124

We study a decision maker (DM) who has preferences over choice problems, which are sets of payoff-allocations between herself and a passive recipient. An example of such a set is the collection of possible allocations in the classic dictator game. The choice of an allocation from the set is...

Persistent link: https://www.econbiz.de/10011690900

An axiomatic analysis of ranking sets under simple categorization

Alcantud, José C. R.; Arlegi, Ritxar - In: SERIEs : Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 227-245

This paper contributes to the axiomatization of additive rules for ranking sets of objects under the psychological principle of categorization. Firstly we proceed with the case where the elements in the sets are categorized into at most three groups, namely good (with value 1), neutral (with...

Persistent link: https://www.econbiz.de/10009506416

Separating real incentives and accountability

Vieider, Ferdinand M. - 2008

In experimental investigations of the effect of real incentives, accountability-the implicit or explicit expectation of a decision maker that she may have to justify her decisions in front of somebody else-is often confounded with the incentives themselves. This confounding of accountability...

Persistent link: https://www.econbiz.de/10011376460

Quantum decision making by social agents

Jukalov, Vjačeslav I.; Sornette, Didier - 2012

Decision making of agents who are members of a society is analyzed from the point of view of quantum decision theory. This generalizes the approach, developed earlier by the authors for separate individuals, to decision making under the influence of social interactions. The generalized approach...

Persistent link: https://www.econbiz.de/10009560805

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