Despite the many negative aspects of life in cities, urban promises of economic prosperity, freedom and happiness have fuelled the imagination of generations of migrants, who have flocked to cities in search of a better life, invariably exaggerating the opportunities and neglected the potential...

Political competition, party strategy and communication in the era of social media are growing issues. Due to the increasing social media presence of parties and voters alike, direct communication is more important for party competition. This paper aims to improve the methodological approach...

Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the confounding effects of time pressure, as proposed by...

Competence has been recently proposed as an explanation for the degree of ambiguity aversion. Using general knowledge questions we presented subjects with simple lotteries in which they could bet on an event and against the same event. We show that the sum of certainty equivalents for both bets...

This contribution analyzes 132 factors on their potential to discriminate countries bidding for hosting the Olympic Games from non-bidding countries. Our binary, clustered model using generalized estimating equations (GEE) shows that countries recording long-term economic growth and pursuing a...

The need to cope with the expected impacts of climate change on socio-ecological systems calls for a closer dialogue between climate scientists and the community of climate information users (e.g. decision makers belonging to public institutions). We describe an interactive process designed to...

Recent evidence suggests that default based nudges i.e. alterations in the decisional context, can have large effects on decision making and can be used as policy interventions to improve individual and public welfare. This paper presents the results of a controlled experiment (N = 988),...

In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we use a method of manipulating conscious and...

The current study examines individual decision making in the fi eld of personal finance. How do people arrive at a financial decision? A laboratory experiment investigates the way external information is integrated into the decision making process. The objective is to explore the link between...

This paper proposes a model of attention allocation in decision-making. Attention has various definitions across the literature. Here, I understand attention as selecting information for costly processing. The paper investigates how an agent rationally allocates attention. The resulting...

To describe adult age differences in intertemporal choice, we analyzed data from 1,491 participants who completed an incentivized monetary intertemporal discounting choice task involving different conditions (e.g., time delay of 12 months vs. 1 month). Respondents completed a number of other...

Design thinking as an everyday tool in managerial practice provides a systematic framework for generating new and creative ideas, therefore opening up the practice of design not only to designers (educated in art schools) but anyone who intends to create something with a purpose in an...

A műhelytanulmány áttekinti az esetmódszer nemzetközi szakirodalmát, célja, hogy átfogó képet adjon a módszer alkalmazhatóságáról. A tanulmány három kutatási kérdést vizsgál meg. Egyrészt, arra a kérdésre keresi a választ, mit is tekintünk esettanulmány alapú...

We investigate whether soccer players collect their fifth yellow card and their suspension by choice. Using data for the German Bundesliga for the seasons 13/14 to 16/17, we show that the quality of the player's own team, the quality of the teams participating in the next matches, and whether a...

This paper investigates whether exposure to explanatory diagrams can affect a major financial decision. In a controlled experiment, participants were given pension benefit statements with or without one or two diagrams, before answering incentivised questions that measured recall, comprehension...

A Personal Contract Purchase (PCP) plan is an innovative, complex and increasingly popular form of car finance. Consumers pay a deposit and monthly payments, but instead of paying off the total value of the car, they pay off the depreciation over a specified term. We used an experiment to...

The current discussion about a “risk culture” in financial services was triggered by the recent series of financial crises. The last decade saw a long list of hubris, misconduct and criminal activities by human beings on a single or even a collective basis in banks, in the industry or in the...

To describe adult age differences in intertemporal choice, we analyzed data from 1,491 participants who completed an incentivized monetary intertemporal discounting choice task involving different conditions (e.g., time delay of 12 months vs. 1 month). Respondents completed a number of other...

Can decentralization of firms be successful in an environment with weak institutions? Decentralization can do a great job for improving firms' efficiency and competitiveness by creating opportunities for quicker and more competent decision-making and enhancing motivation of employees. However,...

This paper examines how women's participation in family decision-making is affected by land rights in rural areas in India. The 2005 Hindu Succession Act was legislated to protect women's rights to an equal share in ancestral property, including land. Using a unique rural household survey from...

Cognitive functioning is critical as in our daily life a host of real-world complex decisions in high-stakes markets have to be made. The decision-making process can be vulnerable to environmental stressors. Summarizing the growing economic and epidemiologic evidence linking air pollution,...

Purpose: The increase in social awareness, politics and environmental regulation, the scarcity of raw materials and the desired "green" image, are some of the reasons that lead companies to decide for implement processes of Reverse Logistics (RL). At the time when incorporate new RL processes as...

Purpose: This research aims to demonstrate how portfolio management influences the decision-making process of the best projects for the company. Design/methodology/approach: In order to reach this goal, the single case study method was used. Initially, it was made a bibliometric with "portfolio...

Business schools are confronted with a challenge of developing students to be managers, focused on productivity and adding value at the work process. 21st century education should aid student population substantially in thinking beyond profitability and self-interest and lead their strategical...

This paper analyzes the relationship between firms' use of big data analytics and their innovative performance in terms of product innovations. Since big data technologies provide new data information practices, they create novel decision-making possibilities, which are widely believed to...

Cognitive functioning is critical as in our daily life a host of real-world complex decisions in high-stakes markets have to be made. The decision-making process can be vulnerable to environmental stressors. Summarizing the growing economic and epidemiologic evidence linking air pollution,...

The conventional approach to risk communication, based on a centralized and controlled model, has led to blatant failures in the management of recent safety related events. In parallel, several cases have proved that actors not thought of as risk governance or safety management contributors may...

Can decentralization of firms be successful in an environment with weak institutions? Decentralization can do a great job for improving firms' efficiency and competitiveness by creating opportunities for quicker and more competent decision-making and enhancing motivation of employees. However,...

Purpose: The increase in social awareness, politics and environmental regulation, the scarcity of raw materials and the desired "green" image, are some of the reasons that lead companies to decide for implement processes of Reverse Logistics (RL). At the time when incorporate new RL processes as...

Purpose: This research aims to demonstrate how portfolio management influences the decision-making process of the best projects for the company. Design/methodology/approach: In order to reach this goal, the single case study method was used. Initially, it was made a bibliometric with "portfolio...

A teljesítmény mérése kulcsfontosságú minden üzleti folyamat irányításában, így azokban a teljesítményfejlesztő programokban is, melyeket számos nemzetközi termelési hálózat vezetett be az elmúlt évtizedekben. A szerzők munkája kiegészíti azt a viszonylag csekély...

The conventional approach to risk communication, based on a centralized and controlled model, has led to blatant failures in the management of recent safety related events. In parallel, several cases have proved that actors not thought of as risk governance or safety management contributors may...