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Regina A. Carroll,Tiffany Kodakutcomes (e.g., the situations addressed by Kahneman & Tversky ), but to underweight low probability events when they rely on personal experience (e.g., Barron & Erev ). The current chapter summarizes two lines of research designed to evaluate the implications of this pattern. The first line iNAIVE 发表于 2025-3-29 03:46:11
Evidence-Based Models of Treatmentalternative components of preferences such as unconditional altruism, positive reciprocity, trust (in positive reciprocity), negative reciprocity, and fear (of negative reciprocity). The paper describes experimental data on effects of social distance and decision context on reciprocal behavior and mAnhydrous 发表于 2025-3-29 07:52:42
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Carol M. Trivette,Catherine P. Corr efficiency and equity in the distribution of goods and services..First of all, there is a criticism from experimentalists. In the verification of various mechanisms using human subjects in laboratories, these designed mechanisms do not necessarily function as prescribed. This fact itself is a criti树木心 发表于 2025-3-29 23:20:41
Matthew R. Sanders,Alina Morawskamporal substitution 1/.. This has been suspected as a source of poor performance of the standard stochastic consumption model and the risk-premium puzzle in asset pricing .. More generally, the problematic feature of expected utility applied to intertemporal settings is that its treatment of ‘gambli–FER 发表于 2025-3-30 00:42:08
https://doi.org/10.1007/978-3-319-94598-9 chosen as a result of Bayesian updating in a sequential decision-making problem. Anderson and Holt confirmed that informational cascades certainly occur in the laboratory as Bikhchandani et al. suggests. However, other experimental studies including Çelen and Kariv , Huck and Oechssler [Harpoon 发表于 2025-3-30 05:25:09
Vanessa E. Cobham,Elizabeth A. Newnhamat an individual is ready to pay to keep his utility as it was before a change; the other is the equivalent variation (EV), which is the amount of money the individual is ready to accept for the change. For welfare gains, CV and EV are known as willingness to pay (to attain the gain, WTP) and willin