Search Results - subject:"decision error"

Why is satisfaction from pro-environmental behaviors increasing in costs? Insights from the rational-choice decision-error framework

Welsch, Heinz - 2023

, that is, net marginal utility be zero. The finding can be (and has been) explained by decision error, that is, a failure in … forecasting the well-being consequences of an act of choice. This paper uses the rational-choice decision-error framework to show … observed PEB levels due to decision error, then net marginal SWB from a PEB is increasing in its marginal costs. The ability of …

Persistent link: https://www.econbiz.de/10014316510

Why is satisfaction from pro-environmental behaviors increasing in costs? : insights from the rational-choice decision-error framework

Welsch, Heinz - 2023

Persistent link: https://www.econbiz.de/10014283751

Are Economists’ Preferences Psychologists’ Personality Traits? A Structural Approach

Jagelka, Tomáš - 2020

This paper proposes a method for empirically mapping psychological personality traits to economic preferences. Careful modelling of random components of decision making is crucial to establishing the long supposed but empirically elusive link between economic and psychological systems for...

Persistent link: https://www.econbiz.de/10012244607

Are Economists' Preferences Psychologists' Personality Traits? A Structural Approach

Jagelka, Tomáš - 2020

Persistent link: https://www.econbiz.de/10012269981

Are economists' preferences psychologists' personality traits? : a structural approach

Jagelka, Tomáš - 2020

Persistent link: https://www.econbiz.de/10012270444

Are economists' preferences psychologists' personality traits? : a structural approach

Jagelka, Tomáš - 2020

Persistent link: https://www.econbiz.de/10012228205

Pay Few Subjects but Pay Them Well: Cost-Effectiveness of Random Incentive Systems

March, Christoph; Ziegelmeyer, Anthony; Greiner, Ben; … - 2016

Most large-scale economic experiments use a between-subjects random incentive system-BRIS-which selects a subset of the participants at random and offers real payment only to the selected participants. We evaluate the relative impact of nominal payoffs and the selection probability on the...

Persistent link: https://www.econbiz.de/10011522488

Pay few subjects but pay them well : cost-effectiveness of random incentive systems

March, Christoph; Ziegelmeyer, Anthony; Greiner, Ben; … - 2016

Persistent link: https://www.econbiz.de/10011500169

Learning and Noisy Equilibrium Behavior in an Experimental Study of Imperfect Price Competition

Capra, C. Monica; Goeree, Jacob K.; Gomez, Rosario; … - University of Virginia, Department of Economics - 2000

This paper considers a duopoly price-choice game in which the unique Nash equilibrium is the Bertrand outcome. Price competition, however, is imperfect in the sense that the market share of the high-price firm is not zero. Economic intuition suggests that price levels should be positively...

Persistent link: https://www.econbiz.de/10005802008