Education, Decision-Making, and Economic Rationality
نویسندگان
چکیده
منابع مشابه
Modeling Risky Economic Decision-Making with Bounded Rationality
Models of economic decisions often assume people maximize a preference or utility function. While this assumption provides insights into a wide range of economic behavior, in some cases its predictions contradict observed behavior. We illustrate this situation with human-subject experiments of decisions involving risk. We show how the addition of bounded rationality to the economic model can ex...
متن کاملEffect of Cognitive Biases on Rationality of Economic Decision Making under Risk among Students of Shahid Beheshti University
The purpose of this study is to determine the quality of individual economic decision making under risk and uncertainty. The research method is a quasi-experiment with single group and a post-test. The total population of the students of Shahid Beheshti University in 97 was 8.700 and due to non-normal distribution, we should use non-parametric Wilcoxon test, with sample of 180. The tool used to...
متن کاملArousal and Economic Decision Making
Previous experiments have found that subjecting participants to cognitive load leads to poorer decision making, consistent with dual-system models of behavior. Rather than taxing the cognitive system, this paper reports the results of an experiment that takes a complementary approach: arousing the emotional system. The results indicate that exposure to arousing visual stimuli as compared to neu...
متن کاملAnalogy in decision-making and social interaction and emergent rationality
Colman’s reformulation of rational theory is challenged in two ways. Analogy-making is suggested as a possible candidate for an underlying and unifying cognitive mechanism of decision-making, one which can explain some of the paradoxes of rationality. A broader framework is proposed in which rationality is considered as an emerging property of analogy-based behavior. Rationality has long been s...
متن کاملEconomic Decision-Making for Architectures
There is often a lack of connection between how executives and managers define and foresee value and how architects enable or disable those value propositions through their design decisions. This lack of effective communication causes the partnership between architects and executives to be a weak one. Opportunities are often missed where the architect may not only serve, but also inform executi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3225321