Behavioural Economics Towards Better Decision Making

Towards better making a decision in speaker verification

Speaker veri!cation is a process that accepts or rejects the identity claim of a speaker. How to make a decision is a critical problem; a threshold for decision-making critically determines performance of a speaker veri!cation system. Traditional threshold estimation methods take only information conveyed by training data into consideration and, to a great extent, do not relate it to production...

Adoption of Information Security as Decision-making under Uncertainty: A Behavioural Economics Approach

In this study, we consider the question of adoption of information security technologies at individual level as a problem of decision-making under uncertainty and analyse it using a behavioural economics approach. We highlight the importance of the security adoption question for individuals outside of the organizational setting. In our model, we assume that an individual faces two sources of un...

Consumer Decision-Making in Retail Investment Services: A Behavioural Economics Perspective

Behavioural Financial Decision Making Under Uncertainty

Ever since von Neumann and Morgenstern published the axiomisation of Expected Utility Theory, there have been a considerable amount of observations appeared in the literature violating the expected utility theory. To make decisions under uncertainty, people generally separate possible outcomes into gains and losses. They are risk averse for gains but risk seeking for losses with very large prob...

Experimental Economics and Political Decision Making

In this paper we characterize firms’ lifetimes and their determinants. Unlike previous studies that use a cohort of new entrants with a short follow-up period, our dataset comprises a representative sample of the population of Spanish manufacturing firms in 1990, followed until 2000. The data were drawn from the annual survey Encuesta sobre Estrategias Empresariales. Our results suggest that fi...