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The adaptive decision maker
The adaptive decision maker: a look backward and a look forward Appendix Footnotes Bibliography.
Gambling with the house money and trying to break even: the effects of prior outcomes on risky choice
How is risk-taking affected by prior gains and losses? While normative theory implores decision makers to only consider incremental outcomes, real decision makers are influenced by prior outcomes. We…
Adaptive Strategy Selection in Decision Making.
Abstract : The authors examine the role of effort and accuracy in the adaptive use of decision processes. A computer simulation study that used the concept of elementary information processes…
Affect, Generalization, and the Perception of Risk.
Experimental manipulations of affect induced by a brief newspaper report of a tragic event produced a pervasive increase in subjects' estimates of the frequency of many risks and other undesirable…
Do Defaults Save Lives?
The article discusses how should policy-makers choose defaults regarding organ donors, noting that every policy must have a no-action default, and defaults impose physical, cognitive, and emotional costs on those who must change their status.
Predictors of online buying behavior
With projections that the Internet will generate consumer and business-to-business sales in excess of $294 billion by 2002, online retailing raises many questions about how to market on the Net.
International Differences in Information Privacy Concerns: A Global Survey of Consumers
Using a sample of Internet users from 38 countries matched against the Internet population of the United States, support is found for support for (1) and (2), suggesting the need for localized privacy policies.
Lateral prefrontal cortex and self-control in intertemporal choice
Disruption of function of left, but not right, lateral prefrontal cortex with low-frequency repetitive transcranial magnetic stimulation increased choices of immediate rewards over larger delayed rewards, providing causal evidence for a neural lateral-prefrontal cortex–based self-control mechanism in intertemporal choice.
On the Depth and Dynamics of Online Search Behavior
- Eric J. Johnson, Wendy W. Moe, P. Fader, S. Bellman, G. Lohse
- BusinessManagement Sciences
- 1 March 2004
The results suggest that more-active online shoppers tend also to search across more sites, and that this consumer characteristic largely drives the dynamics of search that can easily be mistaken as increases from experience at the individual level.
Individual-Level Loss Aversion in Riskless and Risky Choices
Loss aversion can occur in riskless and risky choices. We present novel evidence on both in a non-student sample (660 randomly selected customers of a car manufacturer). We measure loss aversion in…