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decision makers exhibit a "memory premium." They tend to choose in-memory alternatives over out-of-memory ones, even when the …, the memory premium is associative, subject to interference and repetition effects, and decays over time. Even as decision …
Persistent link: https://www.econbiz.de/10015358998
This paper analyzes a game theoretic model in which a client can potentially avoid a going concern opinion and its self fulfilling prophecy by switching auditors. Incumbent auditors are less willing to express a going concern opinion the more credible the client's threat of dismissal and the...
Persistent link: https://www.econbiz.de/10014113982
This paper analyzes a game theoretic model in which a client can potentially avoid a going concern opinion and its self fulfilling prophecy by switching auditors. Incumbent auditors are less willing to express a going concern opinion the more credible the client's threat of dismissal and the...
Persistent link: https://www.econbiz.de/10014119180
Game Theory essentially deals with two types of representations of strategic interaction: normal form and extensive form games. In the present paper, we propose a third more abstract approach based only on the information structure and choices. Linking standard game representations to their...
Persistent link: https://www.econbiz.de/10013294015
The following analysis demonstrates that network efficiency is a very delicate matter. Neither the restriction to suitable core-subnets, nor intelligent enlargements guarantee efficient results in any case. For instance, the numerical example in Myerson (1977) contains a prisoners’ dilemma...
Persistent link: https://www.econbiz.de/10014097796
The strategic decision-making process is a keystone for companies to maintain their competitive advantage and prevail … in the future. The purpose of this work was to identify and understand human error factors in the strategic decision …, cognitive complexity, decision timing, and context. There is little experimental evidence to validate the impact of human error …
Persistent link: https://www.econbiz.de/10014111769
deliberate has evolved for good reason. But on many more tasks than one might think at first sight, intuitive decision-making, or …
Persistent link: https://www.econbiz.de/10014221658
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …
Persistent link: https://www.econbiz.de/10012806643
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …
Persistent link: https://www.econbiz.de/10013306854
Two procedures for eliciting probability judgments are compared. In the choice method, subject answers a yes/no question and then states a probability that his/her answer is correct. In the no-choice method, subject states his/her probability that a given proposition is true. Previous...
Persistent link: https://www.econbiz.de/10014161195