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. Consistent with an interpretation of motivated cognition, students who receive the material distort the statistics about the …
Persistent link: https://www.econbiz.de/10014243148
Poverty involves both low income levels and high income uncertainty. Do both these dimensions of being poor capture attention in ways that distort decision-making and trap people in poverty? We examine these issues using real-life shocks faced by farmers in Brazil: random payday variation...
Persistent link: https://www.econbiz.de/10012165702
-prize winner Daniel Kahneman to provide a familiar lens for readers who might not otherwise be familiar with the psychology … logical. Lean psychology eliminates waste and adds customer value by supporting, enhancing, and taking advantage of beneficial … psychology to describe the relationship between psychology theories and lean. By applying lean psychology, organizations can go …
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Economic views held by the general public tend to differ significantly from those of economic experts. To what extent would these differences fade away if people were exposed to economic instruction? In this paper we identify first-year college students' initial preconceptions about economic...
Persistent link: https://www.econbiz.de/10012903755
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Die zweite Auflage der Psychologie der Entscheidung stellt die aktuellen Theorien und Forschungsergebnisse vor, die zu …
Persistent link: https://www.econbiz.de/10002538796
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This paper studies the interplay between deadlines and cognitive limitations. We analyze an agent's decision to complete a one-off task under a deadline. Postponing the task can be beneficial for the agent; missing the deadline, however, leads to a drop in the agent's rewards. If the agent...
Persistent link: https://www.econbiz.de/10012929475
Two systems in the brain that are involved in emotional and economic decision-making are described. The first is an evolutionarily old emotion-based system that operates on rewards defined by the genes such as food, warmth, social reputation, and having children. Such decisions are often based...
Persistent link: https://www.econbiz.de/10012105103