In four well-powered experiments (N=1,195), I study an application of the affect heuristic to the evaluation of financial assets. The affect heuristic predicts that people derive expectations of return and risk from a global affective impression of an asset, which leads to negative risk-return...

This study evaluates the importance of confirmatory bias and the representativeness in interpreting corporate earnings news. We find that: (i) confirmatory bias and the representativeness heuristic affect how analysts interpret earnings announcements; and (ii) confirmatory bias has greater...

The dense population and high solid waste production make it challenging to determine the optimal routes for garbage collection trucks in metropolitan cities. Moreover, incorrectly planned routes cause waste of fuel, time, and other resources in the municipal garbage collection process. Vehicle...