Commentary: The devil you know and the devil you don't
نویسندگان
چکیده
منابع مشابه
Better the Devil You Know than the Devil you Don’t An Inductive Theory of Choice
We propose and develop a theory of choice free of concepts such as utility function or preference relation. We replace the primitives used in traditional rational choice theories by similarity function— used to compare any alternative to a reference alternative— and a minimum distance choice function. It is shown that this model can explain the appearance of intransitive choices, which are cent...
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Prior research has confirmed Thomas Schelling’s observation that people are more sympathetic and hence generous toward specific identified victims than toward ‘‘statistical’’ victims who are yet to be identified. In the study presented in this article we demonstrate an equivalent effect for punitiveness. We find that people are more punitive toward identified wrongdoers than toward equivalent, ...
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Individuals differ in the extent to which they respond negatively to uncertainty. Although some individuals feel little discomfort when facing the unknown, those high in neuroticism find it aversive. We examined neurophysiological responses to uncertainty using an event-related potential framework. Participants completed a time-estimation task while their neural activity was recorded via electr...
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Previous research on the role of recognition in decision-making in inferential choice has focussed on the Recognition Heuristic (RH), which proposes that in situations where recognition is predictive of a decision criterion, recognized objects will be chosen over unrecognized ones, regardless of any other available relevant information. In the current study we examine the role of recognition in...
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We present a dynamic duopoly model in which consumers have meanvariance preferences. Due to the form of the utility function, two effects arise endogenously in the presence of information asymmetries: (a) switching cost e¤ect, that increases the consumers willingness to pay for the brand that she tested before, and (b) perception e¤ect, that increases the consumers willingness to pay if the s...
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ژورنال
عنوان ژورنال: The Journal of Thoracic and Cardiovascular Surgery
سال: 2019
ISSN: 0022-5223
DOI: 10.1016/j.jtcvs.2019.03.106