Počet záznamů: 1  

Note on "Small feedback-based decisions and their limited correspondence to description-based decisions"

    1.
    SYSNO ASEP0156073
    Document TypeJ - Journal Article
    R&D Document TypeJournal Article
    Subsidiary JOstatní články
    TitleNote on "Small feedback-based decisions and their limited correspondence to description-based decisions"
    Author(s) Blavatskyy, Pavlo R. (NHU-N)
    Source TitleCERGE-EI Working Paper Series - ISSN 1211-3298
    č. 218 (2003), s. 1-8
    Number of pages8 s.
    Languageeng - English
    CountryCZ - Czech Republic
    Keywordsheuristic of relative probability comparisons ; feedback-based decisions
    Subject RIVAH - Economics
    CEZAV0Z7085904 - NHU-N
    AnnotationBarron and Erev (2003) report experimental results revealing differences in risk attitude in small feedback-based problems as opposed to conventional description-based problems. This note shows that theoretical predictions drawing on a simple decision rule, known as the heuristic of relative probability comparisons (HRPC), fit the experimental data in Barron and Erev (2003) surprisingly well: even in the choice situation where the HRPC predicts an exact indifference the actual distribution of subject responses was 49% to 51%.
    WorkplaceEconomics Institute
    ContactTomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
    Year of Publishing2004

Počet záznamů: 1  

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