Similar Search Results

Reconsidering the common ratio effect : the roles of compound independence, reduction, and coalescing

Schmidt, Ulrich; Seidl, Christian - 2014

Common ratio effects should be ruled out if subjects' preferences satisfy compound independence, reduction of compound … lotteries, and coalescing. In other words, at least one of these axioms should be violated in order to generate a common ratio … observation of common ratio effects.We observe that compound independence and reduction of compound lotteries hold, whereas …

Persistent link: https://www.econbiz.de/10010367224

Reconsidering the common ratio effect : the roles of compound independence, reduction, and coalescing

Schmidt, Ulrich; Seidl, Christian - In: Theory and decision : an international journal for … 77 (2014) 3, pp. 323-339

Persistent link: https://www.econbiz.de/10010481151

The impact of experience on violations of independence and coalescing : conference paper

Birnbaum, Michael H.; Schmidt, Ulrich - 2014

functionals from round to round. Instead, we focus on choice problems allowing for direct tests of independence and coalescing. We … show that variability of responses as well as violations of independence and coalescing decrease from earlier to later …

Persistent link: https://www.econbiz.de/10010486756

Consumer Search : Not Enough or Too Much?

Zwick, Rami; Rapoport, Amnon; Lo, Alison King; … - 2001

We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...

Persistent link: https://www.econbiz.de/10014034631

Behavioral Ordering, Competition and Profits : An Experimental Investigation

Quiroga, Bernardo F. - 2019

We investigate the impact of behavioral ordering on profits under competition. Specifically, we use controlled laboratory experiments to evaluate the differences in profits between a behavioral competitor (where a human places orders), and a management science-driven competitor (where orders are...

Persistent link: https://www.econbiz.de/10012904634

A Multivariate and Latent Class Analysis of Consumer Decision Quality Measures in an E-Service Context

Aksoy, Lerzan; Cooil, Bruce - 2012

Electronic recommendation agents have the potential to be valuable e-service tools in increasing consumer decision quality. Such agents are aimed at assisting consumers in the decision-making process and have the ability to enable consumers to make better choices for themselves. The definition...

Persistent link: https://www.econbiz.de/10014026908

Determination of Attribute Weights for Recommender Systems Based on Product Popularity

Kagie, Martijn - 2010

In content- and knowledge-based recommender systems often a measure of (dis)similarity between products is used. Frequently, this measure is based on the attributes of the products. However, which attributes are important for the users of the system remains an important question to answer. In...

Persistent link: https://www.econbiz.de/10013152658

Trading places : an experimental comparison of reallocation mechanisms for priority queuing

Haji, Anouar El; Onderstal, Sander - 2015

In a laboratory experiment, we compare two auction mechanisms that determine the sequence of service to queued customers. In the server-initiated auction, the server, when idle, sells the right to be served next to the highest bidding customer in the queue and distributes the proceeds among the...

Persistent link: https://www.econbiz.de/10010532591

Distinguishing between Consistency and Error in Reliability Coefficients : Improving the Estimation and Interpretation of Information on Measurement Precision

Fisher, William P. - 2010

Reliability coefficients indicate the proportion of total variance due to differences not attributable to error among measures separated along a quantitative continuum by a testing, survey, or assessment instrument. Person score or measure reliability is influenced by both the internal...

Persistent link: https://www.econbiz.de/10014190703

Finite Mixture Analysis of Beauty-Contest Data from Multiple Samples

Bosch i Domènech, Antoni; García Montalvo, José; … - 2004

This paper develops a finite mixture distribution analysis of Beauty-Contest data obtained from diverse groups of experiments. ML estimation using the EM approach provides estimates for the means and variances of the component distributions, which are common to all the groups, and estimates of...

Persistent link: https://www.econbiz.de/10014070771