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A Case-Based Model of Probability and Pricing Judgments: Biases in Buying and Selling Uncertainty
Brenner, Lyle A.; Griffin, Dale W.; Koehler, Derek J. - In: Management Science 58 (2012) 1, pp. 159-178
We integrate a case-based model of probability judgment with prospect theory to explore asset pricing under uncertainty. Research within the "heuristics and biases" tradition suggests that probability judgments respond primarily to case-specific evidence and disregard aggregate characteristics...
Persistent link: https://www.econbiz.de/10010990558
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Volume and Price Patterns Around a Stock's 52-Week Highs and Lows: Theory and Evidence
Huddart, Steven; Lang, Mark; Yetman, Michelle H. - In: Management Science 55 (2009) 1, pp. 16-31
We provide large sample evidence that past price extremes influence investors' trading decisions. Volume is strikingly higher, in both economic and statistical terms, when the stock price crosses either the upper or lower limit of its past trading range. This increase in volume is more...
Persistent link: https://www.econbiz.de/10009218333
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Preferences Between Continuous Streams of Events
Harvey, Charles M.; Østerdal, Lars Peter - Økonomisk Institut, Københavns Universitet - 2005
equity function. …
Persistent link: https://www.econbiz.de/10005818472
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Decision analysis for climate change: development, equity and sustainability concerns
Toth, Ferenc L. - In: International Journal of Global Environmental Issues 1 (2001) 2, pp. 223-240
development, equity and sustainability. The treatment of equity issues in climate change decision analysis and decision making is … social science literature. The ability of various decision analytical frameworks to treat equity concern in climate change … analyses is assessed to reveal that, albeit to varying degrees, most approaches can incorporate equity issues in the analysis …
Persistent link: https://www.econbiz.de/10008461186
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Decision analysis for climate change: development, equity and sustainability concerns
Toth, Ferenc L. - In: International Journal of Global Environmental Issues 1 (2001) 2, pp. 223-240
development, equity and sustainability. The treatment of equity issues in climate change decision analysis and decision making is … social science literature. The ability of various decision analytical frameworks to treat equity concern in climate change … analyses is assessed to reveal that, albeit to varying degrees, most approaches can incorporate equity issues in the analysis …
Persistent link: https://www.econbiz.de/10005753940
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Responsibility-sensitive welfare weights for health
Robson, Matthew; O'Donnell, Owen; Van Ourti, Tom - 2024
We estimate responsibility-sensitive welfare weights for health that facilitate inequalityand inequity-sensitive policy evaluation. In a UK general population sample, 569 online experiment participants distribute constrained resources to determine the health of hypothetical individuals...
Persistent link: https://www.econbiz.de/10014577916
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Distributive fairness in an intercultural ultimatum game
Georg, Sebastian; Güth, Werner; Walkowitz, Gari; … - 2008
Does geographic or (perceived) social distance between subjects significantly affect proposer and responder behavior in ultimatum bargaining? To answer this question, subjects once play an ultimatum game with three players (proposer, responder, and dummy player) and asymmetric information (only...
Persistent link: https://www.econbiz.de/10010263869
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Treating Equals Unequally - Incentives in Teams, Workers' Motivation and Production Technology
Goerg, Sebastian J.; Kube, Sebastian; Zultan, Ro'i - 2007
The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...
Persistent link: https://www.econbiz.de/10010274004
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Treating equals unequally: incentives in teams, workers' motivation and production technology
Goerg, Sebastian J.; Kube, Sebastian; Zultan, Ro'i - 2009
The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...
Persistent link: https://www.econbiz.de/10010274018
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Responsibility-sensitive welfare weights for health
Robson, Matthew; O'Donnell, Owen; Van Ourti, Tom - 2024
We estimate responsibility-sensitive welfare weights for health that facilitate inequalityand inequity-sensitive policy evaluation. In a UK general population sample, 569 online experiment participants distribute constrained resources to determine the health of hypothetical individuals...
Persistent link: https://www.econbiz.de/10014581233