Evidence Accumulation in Economic Decision Making

Running Head: Evidence Accumulation in Decision Making

Evidence Accumulation in Decision Making 1 Running

Discriminating evidence accumulation from urgency signals in speeded decision making.

The dominant theoretical paradigm in explaining decision making throughout both neuroscience and cognitive science is known as “evidence accumulation”--The core idea being that decisions are reached by a gradual accumulation of noisy information. Although this notion has been supported by hundreds of experiments over decades of study, a recent theory proposes that the fundamental assumption of ...

Sacred values in financial economic decision-making: Experimental evidence

Seminal work in finance and economics has studied theoretical models of ethical behavior. We provide experimental evidence for the role of a universal “sacred value,” namely, truth. We study this value in the context of earnings management, which is an important business setting where the conflict between personal gains and behavior consistent with the value of truth is particularly salient. We...

Economic 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...