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We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …) the utility factor with a stochastic version of cumulative prospect theory (logit-CPT), and (b) the attraction factor with … experiment and for predictions (second iteration). The QDT effect associated with the attraction factor is mostly appreciable for …
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characteristics, past gambling behavior, eye-movements, and various psychophysiological measures that are recorded during the first … three seconds of lottery-information processing. The results of our forecasting experiment show that choice-process data can … effectively be used to forecast risky gambling decisions; however, we find large differences among models’ forecasting …
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Risk is a pervasive factor in agriculture and a subject of great interest to agricultural economists. However, there is a lack of comprehensive understanding of the knowledge held by farm advisors, students, and economists with regards to farmers' risk preferences. Misconceptions about farmers'...
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