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Embracing chance tactically : a different perspective on risk taking

Tykocinski, Orit E.; Amir, Inbal; Ayal, Shahar - In: Journal of behavioral decision making 30 (2017) 3, pp. 683-692

Persistent link: https://www.econbiz.de/10011690664

Framing under risk : Endogenizing the Reference Point and Separating Cognition and Decision.

Giraud, Raphaël - Maison des Sciences Économiques, Université Paris 1 … - 2004

We aim at improving the classical explanation of the framing effect phenomenon, based on Prospect Theory by, first, making the reference point shifting that generates the phenomenon endogenous, and second, providing a theory of risky choice framing that accounts for the fundamental intuition...

Persistent link: https://www.econbiz.de/10005670925

Metric and scale effects in consumer preferences for environmental benefits

Pleshcheva, Vlada - 2019

The present study investigates how the framing of information on the environmental impact of vehicles affects consumers' preferences for identical improvements in car quality. In online choice experiments, the effects of two metrics (fuel consumption vs. CO2 emissions) and three scales of one...

Persistent link: https://www.econbiz.de/10012141853

Metric and scale effects in consumer preferences for environmental benefits

Pleshcheva, Vlada - 2019

Persistent link: https://www.econbiz.de/10012033491

Uncertainty and framing in a valuation task

Luchini, Stéphane; Watson, Verity - In: Journal of Economic Psychology 39 (2013) C, pp. 204-214

Many stated preference studies report framing effects in responses to valuation questions. Framing in stated preference studies occurs when respondents use irrelevant information contained in the question to help them value the good. This may occur because respondents are uncertain or do not...

Persistent link: https://www.econbiz.de/10010870860

Are Retirement Decisions Vulnerable to Framing Effects? Empirical Evidence from NL and the US

Teppa, Federica; Rooij, Maarten van - de Nederlandsche Bank - 2012

This study investigates whether individual choices in the pension domain are vulnerable to the way alternatives are communicated to respondents. The analysis is based on a set of hypothetical questions posed in the DNB House-hold Survey as well as in the RAND American Life Panel on pension...

Persistent link: https://www.econbiz.de/10010822695

Game theory and cold war rationality : a review essay

Weintraub, Eliot Roy - 2016

This essay reviews new histories of the role of game theory and rational decision-making in shaping the social sciences, economics among them, in the post war period. The recent books "The World the Game Theorists Made" by Paul Erickson and "How Reason Almost Lost Its Mind" by Paul Erickson,...

Persistent link: https://www.econbiz.de/10011524189

Evolutionary economics and household behavior

Horioka, Charles - 2014

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

Persistent link: https://www.econbiz.de/10010390070

Popper's "rationality principle" reconsidered

Palacio Vera, Alfonso; Ayala, Iván H. - 2016

Popper recognizes that there are, at least, two versions of his "Rationality Principle" (RP) yet he does not explain …

Persistent link: https://www.econbiz.de/10011609744

Beyond quantified ignorance : rebuilding rationality without the bias bias

Brighton, Henry - 2019

If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …

Persistent link: https://www.econbiz.de/10011990913

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