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A tractable theory of choice based on cell behavior

Valdés-Edwards, Gonzalo; Valdés Prieto, Salvador - 2013

This paper presents a choice model based on a model for the behavior of brain cells that is based on neurological findings. The paper shows that it is possible to define choice as the result of a series of interconnected cellular processes, instead of framing the problem from the point of view...

Persistent link: https://www.econbiz.de/10010192076

A general framework for studying contests

Bastani, Spencer; Giebe, Thomas; Gürtler, Oliver - 2019

We develop a general framework to study contests, containing the well-known models of Tullock (1980) and Lazear & Rosen (1981) as special cases. The contest outcome depends on players' effort and skill, the latter being subject to symmetric uncertainty. The model is tractable, because a...

Persistent link: https://www.econbiz.de/10012138813

Reason, intuition, and time

Sahm, Marco - 2014 - This version: December 4, 2014

We study the influence of reason and intuition on decision making over time. Facing a sequence of similar problems, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision theory. Rational decisions are more precise but create...

Persistent link: https://www.econbiz.de/10010464891

A general framework for studying contests

Bastani, Spencer; Giebe, Thomas; Gürtler, Oliver - 2020

Persistent link: https://www.econbiz.de/10012434408

A theory of experimenters

Banerjee, Abhijit V.; Chassang, Sylvain; Montero, Sergio; … - 2017

This paper proposes a decision-theoretic framework for experiment design. We model experimenters as ambiguity …

Persistent link: https://www.econbiz.de/10011735910

A two-ball Ellsberg paradox

Jabarian, Brian; Lazarus, Simon - 2023

avoid ambiguity even when it means choosing dominated options. In contrast to the literature, we find that 55% of subjects … that such a preference is not mainly due to a lack of understanding. We conclude that subjects avoid ambiguity per se … rather than avoiding ambiguity because it may yield a worse outcome. Such behavior cannot be reconciled with existing models …

Persistent link: https://www.econbiz.de/10014426529

Implicit preferences inferred from choice

Cunningham, Tom; De Quidt, Jonathan - 2016 - Preliminary draft

A longstanding distinction in psychology is between implicit and explicit preferences. Implicit preferences are ordinarily measured by observing non-choice data, such as response time. In this paper we introduce a method for inferring implicit preferences directly from choices. The necessary...

Persistent link: https://www.econbiz.de/10011415271

Deception under time pressure : conscious decision or a problem of awareness?

Konrad, Kai A.; Lohse, Tim; Simon, Sven A. - 2017

Time is a crucial determinant of deception, since some misreporting opportunities come as a surprise and require an intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a subject must be aware of the misreporting opportunity....

Persistent link: https://www.econbiz.de/10011723505

CCS : failing to pass decision gates

Emhjellen, Magne; Osmundsen, Petter - 2014

There is a planning gap for CCS projects in Europe. CCS demonstration plants are not implemented as expected. This fact is at odds with optimistic valuation reports that apply socio-economic valuation criteria for climate projects. However, CCS plants are in most cases to be implemented by...

Persistent link: https://www.econbiz.de/10010393639

CCS : failing to pass decision gates

Emhjellen, Magne; Osmundsen, Petter - 2013

Socio-economic criteria for climate projects have been used in analysing the value of the climate benefit of a reduction in CO2. These reports are optimistic, yet CCS demonstration plants are not implemented as expected. Little attention has been devoted to profitability assessments based on...

Persistent link: https://www.econbiz.de/10010223461