Using the newsvendor framework, we present an approach to determine an order quantity, which is relevant for the observed ordering behavior of an inventory manager. Whereas in literature just one constraint has been used, we suggest two conflicting constraints. The service constraint specified...

This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which already starts as early as two years before...

Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects' "true...