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Chapter 2. Errors in probabilistic reasoning and judgment biases

Benjamin, Daniel J. - 2019

Errors in probabilistic reasoning have been the focus of much psychology research and are among the original topics of modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more systematic study of belief biases and their integration...

Persistent link: https://www.econbiz.de/10014023386

Parallel constraint satisfaction in memory-based decisions

Glöckner, Andreas; Hodges, Sara D. - 2009

Three studies sought to investigate decision strategies in memory-based decisions and to test the predictions of the … the model was compared against simple heuristics (take the best and equal weight) and a weighted additive strategy. From … evidence for use of simple heuristics. The time pressure manipulation did not significantly affect decision strategies. Overall …

Persistent link: https://www.econbiz.de/10010266971

Trust or not : heuristics for making trust-based choices in HR management

Hu, Zhan; Wang, X. T. - In: Journal of business research : JBR 67 (2014) 8, pp. 1710-1716

Persistent link: https://www.econbiz.de/10010379244

An overall probability of winning heuristic for complex risky decisions : choice and eye fixation evidence

Venkatraman, Vinod; Payne, John W.; Huettel, Scott A. - In: Organizational behavior and human decision processes : … 125 (2014) 2, pp. 73-87

Persistent link: https://www.econbiz.de/10010485762

Stability of the representativeness heuristic: further evidence from choices between lottery tickets

Krawczyk, Michał; Rachubik, Joanna - 2021

Persistent link: https://www.econbiz.de/10012816705

Remanufacturing and consumers' risky choices : behavioral modeling and the role of ambiguity aversion

Abbey, James D.; Kleber, Rainer; Souza, Gilvan C.; … - 2018

Willingness to pay (WTP) is known to be lower for remanufactured products than for comparable new products. Normative work to date has assumed that a consumer's WTP for a remanufactured product is a fraction, called discount factor, of the consumer's WTP for a corresponding new product, and that...

Persistent link: https://www.econbiz.de/10011952648

Remanufacturing and consumers' risky choices : behavioral modeling and the role of ambiguity aversion

Abbey, James D.; Kleber, Rainer; Souza, Gilvan C.; … - In: Journal of operations management 65 (2019) 1, pp. 4-21

Persistent link: https://www.econbiz.de/10012041226

Decision rules, escalation of commitment and sensitivity to framing in group decision-making : an experimental investigation

Curseu, Petru Lucian; Schruijer, Sandra G. L.; Fodor, … - In: Management decision : MD 54 (2016) 7, pp. 1649-1668

Persistent link: https://www.econbiz.de/10011523358

Tangibility bias in investment risk judgments

Atasoy, Özgün; Trudel, Remi; Noseworthy, Theodore J.; … - In: Organizational behavior and human decision processes : … 171 (2022), pp. 1-10

Persistent link: https://www.econbiz.de/10013364132

The worst-first heuristic : how decision makers manage conjunctive risk

Lewis, Joshua; Feiler, Daniel; Adner, Ron - In: Management science : journal of the Institute for … 69 (2023) 3, pp. 1575-1596

Persistent link: https://www.econbiz.de/10014303957