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In the present study it was shown that both decision heuristics and social value orientation play important roles in the building of preferences. This was revealed in decision tasks in which participants were deciding about candidates for a job position. An eye-tracking equipment was applied in...
Persistent link: https://www.econbiz.de/10014037496
Research on preference reversals has demonstrated a disproportionate influence of outcome probability on choices between monetary gambles. The aim was to investigate the hypothesis that this is a prominence effect originally demonstrated for riskless choice. Another aim was to test the structure...
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This book provides an overview of the concept of economic psychology from behavioral and mathematical perspectives and related theoretical and empirical findings. Economic psychology is defined briefly as a general term for descriptive theories to explain the psychological processes of...
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-Preface -- I. Behavioral Decision Theory and the Idea of It -- Chapter 1. Decision-making Phenomenon and Behavioral Decision Theory -- Chapter 2. Preference and Preference Structure -- II. Preference Reversal Phenomenon and Description of the Phenomenon -- Chapter 3. Ordinal Utility and...
Persistent link: https://www.econbiz.de/10012627216
Preface -- Chapter 1. What Is Economic Psychology?:The Perspective of Economic Psychology and the Research Framework -- Chapter 2. Rational Choice and Revealed Preference:Theoretical Representation of Preference Relations Leading to the Best Choice -- Chapter 3. Expected Utility Theory and...
Persistent link: https://www.econbiz.de/10012398725
Air-to-water heat pumps using CO2 as a natural refrigerant have been developed and commercialized. They are expected to contribute to energy saving in residential hot water supply. The objective of the research is to analyze the performance of a water heating system composed of a CO2 heat pump...
Persistent link: https://www.econbiz.de/10010808964
In residential applications, an air-to-water CO2 heat pump is used in combination with a domestic hot water storage tank, and the performance of this system is affected significantly not only by instantaneous ambient air and city water temperatures but also by hourly changes of domestic hot...
Persistent link: https://www.econbiz.de/10010811609