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BARRIERS IN THE MATHEMATICAL MODELLING OF DECISION-MAKING

Oana, Popescu - In: Annales Universitatis Apulensis Series Oeconomica 1 (2011) 13, pp. 15-15

Decision-making is becoming increasingly complex as the number of stakeholders rises,the number of decision … framework is growing increasingly complex.Decision-making is caught between the need to thoroughly document and substantiate a … thecomplexity of the decision-making process increases, on the other hand. The present paper sought topresent critically the main …

Persistent link: https://www.econbiz.de/10009150890

Three Very Simple Games and What It Takes to Solve Them

Rydval, Ondrej; Ortmann, Andreas; Ostatnicky, Michal - Wirtschaftswissenschaftliche Fakultät, … - 2007

We study the nature of dominance violations in three minimalist dominance-solvable guessing games, featuring two or three players choosing among two or three strategies. We examine how subjects' reported reasoning translates into their choices and beliefs about others' choices, and how reasoning...

Persistent link: https://www.econbiz.de/10005090605

Three Very Simple Games and What It Takes to Solve Them

Rydval, Ondrej; Ortmann, Andreas; Ostatnicky, Michal - Center for Economic Research and Graduate Education and … - 2008

We study experimentally the nature of dominance violations in three minimalist dominancesolvable guessing games. We examine how subjects’ reported reasoning processes translate into their stated choices and beliefs about others’ choices, and how both reasoning processes and choices relate to...

Persistent link: https://www.econbiz.de/10005086650

Punishment Deters Crime Because Humans Are Bounded in Their Strategic Decision-Making

Rauhut, Heiko; Junker, Marcel - In: Journal of Artificial Societies and Social Simulation 12 (2009) 3, pp. 1-1

rationality; the first considers bounded learning from social interaction, the second bounded decision-making. Our results suggest …

Persistent link: https://www.econbiz.de/10004983508

The End of the “Liberal Theory of History”? Dissecting the U.S. Congress’ Discourse on China’s Currency Policy

Nymalm, Nicola - German Institute of Global and Area Studies (GIGA) - 2011

In the last ten years, economic issues related to currency policy have become the major ongoing dispute between China and the U.S. Especially the U.S. Congress is stridently demanding a tougher policy to avert the negative consequences for the U.S. economy of “unfair” Chinese policies in the...

Persistent link: https://www.econbiz.de/10009144963

Gigerenzer the Decided: A Tale of Difficult Distinctions

Heukelom, Floris - Tinbergen Instituut - 2005

. Behind the debate, it is argued, lies a fundamental different idea of how human decision-making is to be understood and …

Persistent link: https://www.econbiz.de/10011257298

On the complexity of traffic judges' decisions

Leiser, David; Schatzberg, Dov-Ron - In: Judgment and Decision Making 3 (2008) 8, pp. 667-678

Professional judges in traffic courts sentence many hundreds of offenders per year. Using 639 case files from archives, we compared the Matching Heuristic (MH) to compensatory, weighing algorithms (WM). We modeled and cross validated the models on different subsets of the data, and took several...

Persistent link: https://www.econbiz.de/10005773104

Extending the Bounded Rationality Model: The Distributed Cognition Approach

Davide, Secchi; Emanuele, Bardone - Facoltà di Economia, Università degli Studi dell'Insubria - 2005

The way Simon, and the major part of the scholars, presented and used bounded rationality directly refers to human computational capabilities (or “brute-force”). Despite its broad powers of explanation, some problems arise when taking into account the way the human cognitive system really...

Persistent link: https://www.econbiz.de/10005827414

Gigerenzer the Decided: A Tale of Difficult Distinctions

Heukelom, Floris - Tinbergen Institute - 2005

. Behind the debate, it is argued, lies a fundamental different idea of how human decision-making is to be understood and …

Persistent link: https://www.econbiz.de/10005144545

Sind Unternehmensplanspiele ein geeignetes Instrument zur Analyse begrenzter Rationalität und tatsächlichen Entscheidungsverhaltens?

Mußhoff, Oliver; Hirschauer, Norbert; Hengel, Philipp - In: Journal of International Agricultural Trade and Development 60 (2011) 3

Politik hat vielfach zum Ziel, das Verhalten von Wirtschaftssubjekten durch eine Veränderung der Rahmenbedingungen zu steuern. Bei der Politikfolgenabschätzung müssen deshalb Voraussagen gemacht werden, wie Menschen sich an veränderte ökonomische Bedingungen anpassen. Eine wichtige...

Persistent link: https://www.econbiz.de/10011143123