Skip to search formSkip to main contentSkip to account menu
The Probability Weighting Function
A probability weighting function w(p) is a prominent feature of several nonexpected utility theories, including prospect theory and rank-dependent models. Empirical estimates indicate that w(p) is…
View via Publisher
Anomalies in Intertemporal Choice: Evidence and an Interpretation
Research on decision making under uncertainly has been strongly influenced by the documentation of numerous expected utility (EU) anomalies—behaviors that violate the expected utility axioms. The…
View via Publisher
“Coherent Arbitrariness”: Stable Demand Curves Without Stable Preferences
In six experiments we show that initial valuations of familiar products and simple hedonic experiences are strongly influenced by arbitrary "anchors" (sometimes derived from a person's social…
View via Publisher
Measuring the Prevalence of Questionable Research Practices With Incentives for Truth Telling
TLDR
It is found that the percentage of respondents who have engaged in questionable practices was surprisingly high, which suggests that some questionable practices may constitute the prevailing research norm.
View on SAGE
The Red and the Black: Mental Accounting of Savings and Debt
In the standard economic account of consumer behavior the cost of a purchase takes the form of a reduction in future utility when expenditures that otherwise could have been made are forgone. The…
View via Publisher
A Bayesian Truth Serum for Subjective Data
TLDR
A scoring method for eliciting truthful subjective data in situations where objective truth is unknowable, which assigns high scores not to the most common answers but to the answers that are more common than collectively predicted, with predictions drawn from the same population.
View on Publisher
Neuroeconomics: How Neuroscience Can Inform Economics
Neuroeconomics uses knowledge about brain mechanisms to inform economic analysis, and roots economics in biology. It opens up the "black box" of the brain, much as organizational economics adds…
View on SSRN
Neural Predictors of Purchases
View on Elsevier
Decision making over time and under uncertainty: a common approach
This paper considers a number of parallels between risky and intertemporal choice. We begin by demonstrating a one-to-one correspondence between the behavioral violations of the respective normative…
View via Publisher
Preferences for Sequences of Outcomes
Existing models of intertemporal choice normally assume that people are impatient, preferring valuable outcomes sooner rather than later, and that preferences satisfy the formal condition of…
View via Publisher
...
...
By clicking accept or continuing to use the site, you agree to the terms outlined in our Privacy Policy, Terms of Service, and Dataset License