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In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …
Persistent link: https://www.econbiz.de/10014576953
are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …
Persistent link: https://www.econbiz.de/10011557745
preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …
Persistent link: https://www.econbiz.de/10014556632
predictions with an online experiment, including comparative statics results. We find strong evidence for the attraction and the …
Persistent link: https://www.econbiz.de/10015182570
We formulate a simple quantum decision model of the Ellsberg paradox. We report the results of an experiment we …
Persistent link: https://www.econbiz.de/10011877824
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 …
Persistent link: https://www.econbiz.de/10010464891
Under regret theory, decision-makers derive utility both from the outcome of their chosen action and the counterfactual …
Persistent link: https://www.econbiz.de/10011485182
An extensive literature has studied ambiguity aversion in economic decision making, and how ambiguity aversion can …
Persistent link: https://www.econbiz.de/10010496989
the experiment. Moreover, the group effect on the ambiguity-generated insensitivity seems domain dependent. …
Persistent link: https://www.econbiz.de/10014431395
We examine whether the "Level-k" model of strategic behavior generates reliable cross-game predictions within an individual. We find no correlation in subjects' estimated levels of reasoning across two families of games. Furthermore, estimating a higher level for Ann than Bob in one family of...
Persistent link: https://www.econbiz.de/10010249635