Narrow search
Showing 1 - 6 of 6
Cover Image
Deal or no deal? : decision-making under risk in a large-payoff game show
Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006
We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...
Persistent link: https://www.econbiz.de/10011348343
Cover Image
What Simon says
Heukelom, Floris - 2006
This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own …’s research is how human beings organize themselves in different structures of distributed decision making in order to achieve a … view on rational decision making in economics and other social sciences. …
Persistent link: https://www.econbiz.de/10011350370
Cover Image
Seeing the world with different eyes
Koellinger, Philipp; Minniti, Maria; Schade, Christian D. - 2008 - Revised version (v2.0)
Across countries, women own significantly fewer businesses than do men. We show that this is due, in large part, to the fact that the propensity to start businesses of women is significantly lower than that of men. The lower propensity of women, in turn, appears to be highly correlated to...
Persistent link: https://www.econbiz.de/10011374407
Cover Image
On the optimality of regularity in mixing markovian decision rules for MDP control
Laan, Dinard van der - 2010
In this paper we study Markov Decision Process (MDP) problems with the restriction that at decision epochs only a … finite number of given Markovian decision rules may be applied. The elements of the finite set of allowed decision rules … should be mixed to improve the performance. The set of allowed Markovian decision rules could for example consist of some …
Persistent link: https://www.econbiz.de/10011380145
Cover Image
On the optimality of decisions
Berk, Jan Marc; Bierut, Beata - 2004
heterogeneity of committee members, this voting rule is suboptimal in terms of the quality of the interest rate decision, but …
Persistent link: https://www.econbiz.de/10011342577
Cover Image
Gigerenzer the decided : a tale of difficult distinctions
Heukelom, Floris - 2005
. Behind the debate, it is argued, lies a fundamental different idea of how human decision-making is to be understood and …
Persistent link: https://www.econbiz.de/10011348361