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uncertain to provide a solid basis for legal reasoning. This paper claims that in such cases, rules for decision making under … applies a meta-decision theory to the question of what kind of decision theory (rational choice or behavioral decision theory … uncertainty with the help of advanced empirical techniques. This prepares the ground for decision making under risk in an expected …
Persistent link: https://www.econbiz.de/10012971399
This study uses the Entropy index of information developed by Claude Shannon and elaborated by Lev and others to measure the aggregation of accounting information. The question of interest is whether Entropy is a measure of communication to assess transmission channel in communication or the...
Persistent link: https://www.econbiz.de/10013053097
Recent studies have suggested that there may be a correlation between the order in which decision-makers collect … of risk participants take. This suggests that the choice architecture for real world risky decision making may have both …
Persistent link: https://www.econbiz.de/10012986368
intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … opportunity and the conscious decision to misreport, reveals that more reflection time increases awareness of the misreporting …
Persistent link: https://www.econbiz.de/10011723505
decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we … processing in complex decision making. …
Persistent link: https://www.econbiz.de/10011580853
The disposition effect is a well-established phenomenon which describes the behavior of investors that are more willing to sell capital gains than capital losses. In this article we present experimental evidence on a situation where an investor decides on behalf of another person. In our...
Persistent link: https://www.econbiz.de/10011770595
judgment. When the referee keeps the bribes regardless of the winner, bribes no longer influence her decision. A field …
Persistent link: https://www.econbiz.de/10014126521
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
Persistent link: https://www.econbiz.de/10013382078
Belief elicitation is important in many different felds of economic research. We show that how a researcher elicits such beliefs-in particular, whether the belief is about the participant's opponent, an unrelated other, or the population of others-affects the processes involved in the formation...
Persistent link: https://www.econbiz.de/10013341662
Individual paternalistic preferences are central to the question to what extent the state may intervene in the freedom of choice of its citizens. Albeit its practical and theoretical importance, there is yet no incentivised tool to elicit those preferences. In this paper, we present a simple and...
Persistent link: https://www.econbiz.de/10014486989