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Selective sampling with information-storage constraints

Jehiel, Philippe; Steiner, Jakub - 2019

Persistent link: https://www.econbiz.de/10012234587

Statistical foundations of ecological rationality

Brighton, Henry - 2020

If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely unquantifiable, where do we end up? In this article the author argues that we arrive at a statistical, normative, and cognitive theory of ecological rationality. The main casualty of...

Persistent link: https://www.econbiz.de/10012159880

Pricing diagnosis-based services when customers exhibit sunk cost bias

Kong, Guangwen; Rajagopalan, Sampath; Tong, Chunyang - In: Production and operations management : the flagship … 27 (2018) 7, pp. 1303-1319

Persistent link: https://www.econbiz.de/10011969976

Biased beliefs in search markets

Gamp, Tobias; Krähmer, Daniel - 2022

We study the implications of biased consumer beliefs for search market outcomes in the seminal framework due to Diamond (1971). Biased consumers base their search strategy on a belief function which specifies for any (true) distribution of utility offers in the market a possibly incorrect...

Persistent link: https://www.econbiz.de/10014476790

Behavioral biases and the law

Luppi, Barbara - In: Review of law and economics : publ. in cooperation with … 17 (2021) 2, pp. 453-464

Persistent link: https://www.econbiz.de/10012806417

Concentration bias in intertemporal choice

Dertwinkel-Kalt, Markus; Gerhardt, Holger; Riener, Gerhard - 2021

disadvantages are dispersed over numerous periods. We provide novel experimental evidence for "concentration bias", the tendency to … days in exchange for a bonus that is concentrated in time: concentration bias increases subjects' willingness to work by 22 … monetary payments, we study the mechanisms behind concentration bias and demonstrate the robustness of our findings. …

Persistent link: https://www.econbiz.de/10012500576