acquired. Roughly half of the participants do not base their decision on a subjective belief of the probability of guilt. The …

variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …. Dependent on the timing of the global risk different combinations of anticipated and experienced emotions influence decision …

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. …

causal role of attention on the decision process, we manipulate for how long each outcome is presented before showing the … weight on the decision. We find specific effects in the domain of losses, but not gains. A longer presentation duration of … sensitivity to both gain and loss values in their decision. Further analyses show that specifically participants with higher …

This paper demonstrates that well-established biases in decision making under uncertainty can generate poverty traps. A …

performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …