Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

This paper introduces a novel Payoff-Trolley dilemma task, where other participants' payoffs were at stake on the main or sidetrack in a trolley dilemma. Different scenarios varied the number of "others' payoffs" on the sidetrack and main track in ways that helped identify more clearly immoral...

Background: Despite advances in monitoring and forecasting systems, natural disasters continue to cause significant human losses. During the response phase, fast decisions are required to allocate limited resources, particularly rescue helicopters, which play a key role in reaching inaccessible...

This paper develops an axiomatic framework for decision making when preferences depend not only on the current alternative but also on the past frequency with which alternatives have been chosen. We identify key independence axioms that characterize frequency-dependent preferences. In addition,...

There are repeatedly raised concerns that marketing and consumer research often neglects to implement realistic studies that foster generalizability to real-world contexts, thereby limiting their findings’ practical relevance. Representative of this issue, confidence in context effects’...

Advice plays a central role in health, personal finance, and energy-efficiency decisions. We study how a benevolent expert should design verifiable advice - such as whether to commission a diagnostic test of different accuracy - when the agent is behaviorally biased, either neglecting...

We investigate and axiomatize preferences that display indifference between deterministic states, but exhibit strict orderings over lotteries over these states. Such preferences might be due to the ability to adopt to states, or a (dis)taste for uncertainty. We derive a representation theorem...

A growing interest in digitalisation provides continuous support for corporate governance in addressing strategic decision-making under uncertain environments. Although an increasing number of studies provide valuable insights and practical implications, limited research examines specific CEO...

This paper studies how gender representation affects collective decision-making in expert committees. I exploit quasi-random assignment of judges to panels in the Greek Supreme Court using newly digitized data on 3,700 criminal appeals. I find that panels with more female judges are more likely...

On average, German firms expect about 7 percent productivity gains from AI for their own business by 2029. Expected gains are especially high in industries dominated by tasks like programming, writing, and customer service. Firms are more optimistic about macroeconomic productivity effects than...

Objective: The objective of the article is to provide a systematic literature review of Multi-criteria Decision-making (MCDM) techniques in supply chain and logistics management. It aims to fill a research gap by offering an objective overview of the latest advancements in decision-making...

This paper studies how gender representation affects collective decision-making in expert committees. I exploit quasi-random assignment of judges to panels in the Greek Supreme Court using newly digitized data on 3,700 criminal appeals. I find that panels with more female judges are more likely...

This study investigates how generative artificial intelligence (GenAI) is transforming the architecture of the workplace and reconfiguring managerial agency in contemporary organisations. While prior research has explored task automation and human-machine collaboration, scholarship has...

Xiang et al. (2025) investigate whether the gambler's fallacy-the false belief that a random event is less likely to occur if it has occurred recently-is robust to using probabilistic (versus point) predictions and independently and identically distributed (versus non-IID) sequences. In five...

We examine whether sycophantic AI advice distorts decisions. Our experiment involves 1,500 participants in 30 decision environments spanning core domains in economics and the social sciences. Contrary to the vast majority of predictions in an expert survey we conduct, we find that AI advice...