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Behavioral decision making in normative and descriptive views : a critical review of literature
Chai, Junyi; Weng, Zhiquan; Liu, Wenbin - In: Journal of risk and financial management : JRFM 14 (2021) 10, pp. 1-14
Recent studies on decision analytics frequently refer to the topic of behavioral decision making (BDM), which focuses on behavioral components of decision analytics. This paper provides a critical review of literature for re-examining the relations between BDM and classical decision theories in...
Persistent link: https://www.econbiz.de/10012792414
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Psychological pressure and the right to determine the moves in dynamic tournaments : evidence from a natural field experiment
Kassis, Mark; Schmidt, Sascha L.; Schreyer, Dominik; … - 2020
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly...
Persistent link: https://www.econbiz.de/10012269663
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Psychological pressure and the right to determine the moves in dynamic tournaments - evidence from a natural field experiment
Kassis, Mark; Schmidt, Sascha L.; Schreyer, Dominik; … - 2020 - This version: 23 August 2020
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly...
Persistent link: https://www.econbiz.de/10012270658
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Psychological pressure and the right to determine the moves in dynamic tournaments : evidence from a natural field experiment
Kassis, Mark; Schmidt, Sascha L.; Schreyer, Dominik; … - 2020 - This version: 23 August 2020
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly...
Persistent link: https://www.econbiz.de/10012271460
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Psychological pressure and the right to determine the moves in dynamic tournaments: evidence from a natural field experiment
Kassis, Mark; Schmidt, Sascha L.; Schreyer, Dominik; … - 2020
In this paper, we show that the right to determine the sequence of moves in a dynamic team tournament improves the chances of winning the contest. Because studying dynamic team tournaments - like R&D races - with interim feedback is difficult with company data, we examine decisions of highly...
Persistent link: https://www.econbiz.de/10012271547
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From the editor: 2020 inaugural Clemen-Kleinmuntz Decision Analysis best paper award
Bier, Vicki M. - In: Decision analysis : a journal of the Institute for … 18 (2021) 4, pp. 245-246
Persistent link: https://www.econbiz.de/10012814109
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Do recommender systems manipulate consumer preferences? : a study of anchoring effects
Adomavicius, Gediminas; Bockstedt, Jesse C.; Curley, … - In: Information systems research : ISR 24 (2013) 4, pp. 956-975
Persistent link: https://www.econbiz.de/10010228985
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Axiom preferences and choice mistakes under risk
Herweg, Fabian; Hippel, Svenja; Müller, Daniel; … - 2024
preferences. First, we elicit axiom and gamble preferences and then allow subjects to revise their potentially conflicting … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …
Persistent link: https://www.econbiz.de/10014578322
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Stochastic choice and preference reversals
Alós-Ferrer, Carlos; Buckenmaier, Johannes; Garagnani, … - 2021 - Revised version
Preferences over risky alternatives can be elicited by different methods, including direct pairwise choices and …
Persistent link: https://www.econbiz.de/10012604712
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Axiom preferences and choice mistakes under risk
Herweg, Fabian; Hippel, Svenja; Müller, Daniel; … - 2024
preferences. First, we elicit axiom and gamble preferences and then allow subjects to revise their potentially conflicting … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …
Persistent link: https://www.econbiz.de/10014556632