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situations, individual ambiguity attitudes influence decision making. The present study identifies affective states as a … the joy, fear, and control groups, where decision makers deviate more from payoff-maximizing behaviors and are more … susceptible to likelihood insensitivity. We also find a similar pattern in a representative population sample where cloudy weather …
Persistent link: https://www.econbiz.de/10010337020
-specific and decisionspecific variation in attention and verify our framework in an eye-tracking experiment on risky choice. We …
Persistent link: https://www.econbiz.de/10012510861
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474
verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective … acquired. Roughly half of the participants do not base their decision on a subjective belief of the probability of guilt. The …
Persistent link: https://www.econbiz.de/10011377092
decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and … lower than all possible payoffs of the decision maker. In the neutral context social referent and decision maker will always …
Persistent link: https://www.econbiz.de/10011379362
Persistent link: https://www.econbiz.de/10000927909
Persistent link: https://www.econbiz.de/10000984810
In stated choice (SC) data inconsistent and lexicographic choice behavior is often observed. It is sometimes recommended to remove data with these characteristics from the analysis. In this paper we reconsider this recommendation. In our data many respondents have inconsistent choice patterns,...
Persistent link: https://www.econbiz.de/10011335227
We examine in a large survey (n = 1,928) how contemplative entrepreneurs, managers and employees are in their decision …
Persistent link: https://www.econbiz.de/10011739416
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