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The Standard Model of Rational Risky Decision-Making

by Kazem Falahati Published in Journal of risk and financial management (01.04.2021)

“...Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under risky conditions. EUT uses a...”

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Rationalization

by Cherepanov, Vadim Feddersen, Timothy Sandroni, Alvaro Published in Theoretical economics (01.09.2013)

“...In 1908, the Welsh neurologist and psychoanalyst Ernest Jones described human beings as rationalizers whose behavior is governed by “the necessity of providing...”

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The somatic marker hypothesis: A neural theory of economic decision

by Bechara, Antoine Damasio, Antonio R Published in Games and economic behavior (2005)

“...Modern economic theory ignores the influence of emotions on decision-making. Emerging neuroscience evidence suggests that sound and rational decision making,...”

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Power Laws in Economics: An Introduction

by Xavier Gabaix Published in The Journal of economic perspectives (01.01.2016)

“...Many of the insights of economics seem to be qualitative, with many fewer reliable quantitative laws. However a series of power laws in economics do count as...”

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A SPARSITY-BASED MODEL OF BOUNDED RATIONALITY

by Xavier Gabaix Published in The Quarterly journal of economics (01.11.2014)

“...This article defines and analyzes a ‘‘sparse max’’ operator, which is a less than fully attentive and rational version of the traditional max operator. The...”

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Do people behave in experiments as in the field?—evidence from donations

by Benz, Matthias Meier, Stephan Published in Experimental economics : a journal of the Economic Science Association (01.09.2008)

“...Laboratory experiments are an important methodology in economics, especially in the field of behavioral economics. However, it is still debated to what extent...”

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Cognitive Reflection and Decision Making

by Frederick, Shane Published in The Journal of economic perspectives (Fall 2005)

“...This paper introduces a three-item "Cognitive Reflection Test" (CRT) as a simple measure of one type of cognitive ability—the ability or disposition to reflect...”

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Neuroeconomics: How Neuroscience Can Inform Economics

by Camerer, Colin Loewenstein, George Prelec, Drazen Published in Journal of economic literature (01.03.2005)

“...Neuroeconomics uses knowledge about brain mechanisms to inform economic analysis, and roots economics in biology. It opens up the "black box" of the brain,...”

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Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities

by BOROVIČKA, JAROSLAV STACHURSKI, JOHN Published in The Journal of finance (New York) (01.06.2020)

“...ABSTRACT We obtain exact necessary and sufficient conditions for existence and uniqueness of solutions of a class of homothetic recursive utility models...”

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Sequentially Rationalizable Choice

by Paola Manzini Marco Mariotti Published in The American economic review (01.12.2007)

“...A sequentially rationalizable choice function is a choice function that can be retrieved by applying sequentially to each choice problem the same fixed set of...”

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HOMO MORALIS—PREFERENCE EVOLUTION UNDER INCOMPLETE INFORMATION AND ASSORTATIVE MATCHING

by Ingela Alger Jörgen W. Weibull Published in Econometrica (01.11.2013)

“...What preferences will prevail in a society of rational individuals when preference evolution is driven by the resulting payoffs? We show that when individuals'...”

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Entrepreneurial role models, fear of failure, and institutional approval of entrepreneurship: a tale of two regions

by Michael Wyrwich Michael Stuetzer Rolf Sternberg Published in Small business economics (01.03.2016)

“...Studies on the influence of entrepreneurial role models (peers) on the decision to start a firm argue that entrepreneurial role models in the local environment...”

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Like ripples on a pond: Behavioral spillovers and their implications for research and policy

by Dolan, Paul Galizzi, Matteo M Published in Journal of economic psychology (01.04.2015)

“...•We propose a conceptual frame accounting for a broad range of behavioral spillovers.•We review pervasive evidence of spillovers across a variety of fields and...”

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Scientific misbehavior in economics

by Necker, Sarah Published in Research policy (01.12.2014)

“...•Results of an online survey among academic economists.•Behavior such as plagiarism or fabrication are almost unanimously rejected and rarely...”

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Anomalies: Utility Maximization and Experienced Utility

by Kahneman, Daniel Thaler, Richard H Published in The Journal of economic perspectives (Winter 2006)

“...In this column, we discuss a version of the utility maximization hypothesis that can be tested—and we find that it is false. We review empirical challenges to...”

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Rationalizability of menu preferences

by Tyson, Christopher J Tyson, Christopher J Published in Economic theory (01.06.2018)

“...The class of preferences over opportunity sets (“menus”) rationalizable by underlying preferences over the alternatives is characterized for the general case...”

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Framing and free riding: emotional responses and punishment in social dilemma games

by Cubitt, Robin P Cubitt, Robin P Drouvelis, Michalis Drouvelis, Michalis Gächter, Simon Gächter, Simon Published in Experimental Economics (01.05.2011)

“...In this paper, we report an experimental investigation of the effect of framing on social preferences, as revealed in a one-shot linear public goods game. We...”

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