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roulette in a casino) to demonstrate the existence and impact of these biases that have been previously documented in the lab …
Persistent link: https://www.econbiz.de/10005773059
example, the game of roulette can be an exciting application for teaching probability concepts. In this paper, we implement a … model of roulette in a spreadsheet that can simulate outcomes of various betting strategies. The simulations can be analyzed …
Persistent link: https://www.econbiz.de/10009441718
The single row facility layout is the NP-Hard problem of arranging facilities with given lengths on a line, so as to minimize the weighted sum of the distances between all pairs of facilities. Owing to the computational complexity of the problem, researchers have developed several heuristics to...
Persistent link: https://www.econbiz.de/10010540916
This article describes how the accurate estimation of the rate of penetration (ROP) is essential to minimize drilling costs. There are various factors influencing ROP such as formation rock, drilling fluid properties, wellbore geometry, type of bit, hydraulics, weight on bit, flow rate and bit...
Persistent link: https://www.econbiz.de/10012044593
Most firms rely on subjective evaluations by supervisors to assess their employees' performance. This article discusses the implementation of such appraisal processes, exploring the use of multiple research methods such as the analysis of personnel records, survey data, and lab and field...
Persistent link: https://www.econbiz.de/10011307497
Originally, behavioral law and economics was an exercise in exploring the implications of key findings from behavioral economics (and psychology) for the analysis and reform of legal institutions. Yet as the new discipline matures, it increasingly replaces foreign evidence by fresh evidence,...
Persistent link: https://www.econbiz.de/10010323847
Although the gender gap in entrepreneurs' success rates to secure funding is staggering, we know little about its causes. This is because observing both sides of investor-entrepreneur interactions (especially for unsuccessful pitches) is difficult in reality, and the associated extraordinary...
Persistent link: https://www.econbiz.de/10012497970
Most firms rely on subjective evaluations by supervisors to assess their employees' performance. This article discusses the implementation of such appraisal processes, exploring the use of multiple research methods such as the analysis of personnel records, survey data, and lab and field...
Persistent link: https://www.econbiz.de/10011308995
Persistent link: https://www.econbiz.de/10011409123