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"A pioneering neuroscientist reveals how brain science can transform how we think about leadership, team-building, decision-making, innovation, marketing, and more. Leadership is a set of abilities with which a lucky few are born. They're the natural relationship builders, master negotiators and...
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The St.~Petersburg Paradox is a famous economic and philosophical puzzle that has generated numerous conflicting explanations. To shed empirical light on this phenomenon, we examined subjects' bids for one St.~Petersburg gamble with a real monetary payment. We found that bids were typically...
Persistent link: https://www.econbiz.de/10005004674
Humans and other animals are idiosyncratically sensitive to risk, either preferring or avoiding options having the same value but differing in uncertainty. Many explanations for risk sensitivity rely on the non-linear shape of a hypothesized utility curve. Because such models do not place any...
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Some individuals are more susceptible to overvaluing assets in bubble markets than others. However, the degree to which an individual's social environment and social cognition affect bubble susceptibility is unclear. We examined the effects of social aptitude and social context on individual...
Persistent link: https://www.econbiz.de/10012840621