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

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

Welsch, Heinz - In: Ecological economics 216 (2024), pp. 1-9

Persistent link: https://www.econbiz.de/10014450090

Demand forecasts with judgement bias in a newsvendor problem

Zheng, Yini; Fu, Qi; Li, Juan; Zhang, Lianmin - In: International journal of production research 61 (2023) 16, pp. 5468-5482

Persistent link: https://www.econbiz.de/10014382314

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