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Behavioral economic phenomena in decision-making for others

Ifcher, John; Zarghamee, Homa S. - 2018

). We conduct a laboratory experiment in which subjects make decision on behalf of themselves and others in eighteen tasks … aversion, decoy effect, anchoring bias, endowment effect, and identifiable-victim bias. In our experiment, DMfO is DMfO …

Persistent link: https://www.econbiz.de/10011949189

Cry wolf or equivocate? : credible forecast guidance in a cost-loss game

Bolton, Gary E.; Katok, Elena - In: Management science : journal of the Institute for … 64 (2018) 3, pp. 1440-1457

Persistent link: https://www.econbiz.de/10011847257

Decision-making in complex and uncertain environments : experimental studies in behavioral economics

Moser, Johannes - 2019

Persistent link: https://www.econbiz.de/10012172728

Analyzing learning effects in the newsvendor model by probabilistic methods

Andersson, Jonas; Jörnsten, Kurt O.; Lillestøl, Jostein; … - In: Decision analytics journal 7 (2023), pp. 1-9

In this paper, we discuss discrete choice theory and show how this theory can be used to quantify learning effects in experimental studies. We argue why the ordering quantities in newsvendor experiments should follow a multinomial logit distribution. We provide a robustness analysis to explain...

Persistent link: https://www.econbiz.de/10014433841