Showing 1 - 10 of 1,100
revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in …
Persistent link: https://www.econbiz.de/10013053150
We examine how 17 behavioral biases relate to each other, to other decision inputs, and to decision outputs. Most … personality traits—with some expected exceptions. Accounting for this correlation structure, we reduce our 29 decision inputs to … this taxonomy for various approaches to modeling influences of behavioral biases on decision making …
Persistent link: https://www.econbiz.de/10013406826
In many health domains, we are concerned that observed links - for example, between “healthy” behaviors and good outcomes - are driven by selection into behavior. This paper considers the additional factor that these selection patterns may vary over time. When a particular health behavior...
Persistent link: https://www.econbiz.de/10013224971
. We explore various strategies that take into account the simplified decision-making processes used by individuals and …
Persistent link: https://www.econbiz.de/10013061114
Cognitive Economics is the economics of what is in people's minds. It is a vibrant area of research (much of it within Behavioral Economics, Labor Economics and the Economics of Education) that brings into play novel types of data—especially novel types of survey data. Such data highlight the...
Persistent link: https://www.econbiz.de/10013030618
This paper concerns the prescriptive function of decision analysis. I suppose that an agent must choose an action …. Hence, I reason that prescriptions for decision making should respect actuality. That is, they should promote welfare … maximization in the choice problem the agent actually faces. I conclude that any decision rule respecting weak and stochastic …
Persistent link: https://www.econbiz.de/10012769876
observable exogenous causes. We explore an alternative approach that generates predictions based on relationships across decision …
Persistent link: https://www.econbiz.de/10013078308
Do financial advisers undo or reinforce the behavioral biases and misconceptions of their clients? We use an audit methodology where trained auditors meet with financial advisers and present different types of portfolios. These portfolios reflect either biases that are in line with the financial...
Persistent link: https://www.econbiz.de/10013108602
the cost of generating the information used to make a decision through a dynamic evidence accumulation process. We …
Persistent link: https://www.econbiz.de/10012948078
from other decision inputs, and correlate negatively with financial outcomes in richly-conditioned regressions …
Persistent link: https://www.econbiz.de/10012950844