Substantial evidence indicates that information is distorted during decision making. However, no studies have assessed the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information distortion. We report two studies involving six binary...

The literature shows that regional disparities in growth and poverty are often relatively high, that these regional disparities do not necessarily disappear as the economies grow and develop and that these disparities are itself in many cases an important driver of the overall performance of an...

Innovation is a multilevel phenomenon. Not only characteristics of firms but also environment within which firms operate matter. Although this has been for long recognized in the literature, a quantitative test that explicitly concerns the hypothesis that framework conditions affect...

Innovation is a multilevel phenomenon. Not only characteristics of firms but also the environment within which firms operate matter. Although this has been recognized in the literature for a long time, a quantitative test that explicitly considers the hypothesis that framework conditions affect...