Similar Search Results

Heuristics and public policy : decision making under bounded rationality

Dhami, Sanjit S.; Al-Nowaihi, Ali; Sunstein, Cass R. - 2018

How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality approach in economics do not hold? Do human beings optimize, or can they? Several decades of research have shown that people possess a toolkit of heuristics to make decisions under...

Persistent link: https://www.econbiz.de/10011926917

Asian Disease-type of Framing of Outcomes as an Historical Curiosity

Jullien, Dorian - Groupe de REcherche en Droit, Économie, Gestion … - 2013

This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is argued that there are good reasons for more theoretical...

Persistent link: https://www.econbiz.de/10010860430

Reason-Based Rationalization

Dietrich, Franz; List, Christian - Volkswirtschaftliche Fakultät, … - 2013

We introduce a “reason-based” way of rationalizing an agent’s choice behaviour, which explains choices by specifying … which properties of the options or choice context the agent cares about (the “motivationally salient properties”) and how he … non-classical choice behaviour, including boundedly rational and sophisticated rational behaviour, and predict choices in …

Persistent link: https://www.econbiz.de/10011260696

Regulating Attention Markets

Newman, John M. - 2020

Attention has become one of the most scarce—and therefore most valuable—assets in modern economies. Humans now trade vast amounts of attention each day in exchange for an ever-growing variety of digital products and services. The global coronavirus pandemic drastically accelerated the...

Persistent link: https://www.econbiz.de/10014105144

Patterns of technological progress and corporate innovation

Waśniewski, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010

The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following...

Persistent link: https://www.econbiz.de/10008645123

Grand Challenges in Social Physics : In Pursuit of Moral Behavior

Capraro, Valerio; Perc, Matjaz - 2019

Methods of statistical physics have proven valuable for studying the evolution of cooperation in social dilemma games. However, recent empirical research shows that cooperative behavior in social dilemmas is only one kind of a more general class of behavior, namely moral behavior, which includes...

Persistent link: https://www.econbiz.de/10014110768

The Evolution of Lying in Well-Mixed Populations

Capraro, Valerio; Perc, Matjaz; Vilone, Daniele - 2019

Lies can have profoundly negative consequences for individuals, groups, and even for societies. Understanding how lying evolves and when it proliferates is therefore of significant importance for our personal and societal well-being. To that effect, we here study the sender-receiver game in...

Persistent link: https://www.econbiz.de/10014104926

Punishment fosters efficiency in the minimum effort coordination game

Le Lec, Fabrice; Matthey, Astrid; Rydval, Ondérej - 2012

Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency increases substantially after introducing an ex post...

Persistent link: https://www.econbiz.de/10010291833

Die dunkle Seite der Gerechtigkeit

Dilger, Alexander - 2011

In diesem Beitrag geht es um subjektive Gerechtigkeitsvorstellungen, nicht Gerechtigkeit an sich, da erstere im Gegensatz zu letzterer empirisch feststellbar und handlungswirksam sind. Allerdings müssen ihre Folgen nicht nur gute sein. Gerechtigkeitsvorstellungen können erstens die...

Persistent link: https://www.econbiz.de/10010304508

Cooperation, motivation and social balance

Bosworth, Steven; Singer, Tania; Snower, Dennis J. - 2016

This paper examines the reflexive interplay between individual decisions and social forces to analyze the evolution of cooperation in the presence of "multi-directedness", whereby people's preferences depend on their psychological motives. People have access to multiple, discrete motives....

Persistent link: https://www.econbiz.de/10011414791