Using a controlled laboratory experiment, we test the effect of individual versus group when making judgmental forecasting adjustments. When individuals make decisions, especially that are exacting task like forecasting, they often feel anxious. Yet, when groups make decisions, they feel less...

We propose a framework covering multi-country and multi-generation diffusion processes. Our model focuses on choice-based diffusion model and we extend the model to incorporate heterogeneity of country. We decompose the choice probability for generation into two components; the first one is...