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Behavioral Economics Commons

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Full-Text Articles in Behavioral Economics

Social Influence On Risky Choice, Kesha Patel, Michael Bixter Apr 2023

Social Influence On Risky Choice, Kesha Patel, Michael Bixter

Student Research Symposium

Are people’s risk preferences influenced by the preferences of others they interact with or observe? Traditionally, decision preferences were conceptualized as a stable, dispositional trait. However, recent research has demonstrated that there is a degree of malleability in preferences, with social influence having a particularly potent impact. To better understand the extent of social influence on risky decision-making, a mixed-study design was carried out that involved participants making a series of hypothetical monetary choices between smaller-certain and larger-risky rewards. Participants completed three blocks of the risky-choice task: (1) the pre-exposure block where choices were made without any social information, (2) …


A Psychological Profile Of The Digitized Economy: Who Buys Cryptocurrencies, Nfts, And Meme-Stocks (And Why)?, Nicole Wolfe Aug 2022

A Psychological Profile Of The Digitized Economy: Who Buys Cryptocurrencies, Nfts, And Meme-Stocks (And Why)?, Nicole Wolfe

Undergraduate Student Research Internships Conference

As the global digital economy continues to grow in interest and financial worth, it is imperative to harvest data to gain early information on this nuanced economy. Already, we have witnessed billions of dollars in losses and wins at the blink of an eye, encouragement to invest from well-known celebrities and politicians, and high anxiety from the newness, power consumption, and potential outcomes of this nuanced system. Stemming from the lack of solid evidence in this emerging field, we hope to gain more insight on the early players and variation within the digitized economy. Similarly, we hope to identify specific …


The Economics Of Lotto, Ian Walker, Robert E. Pryce, Rhys Wheeler, Nick Powdathvee Jun 2016

The Economics Of Lotto, Ian Walker, Robert E. Pryce, Rhys Wheeler, Nick Powdathvee

International Conference on Gambling & Risk Taking

No abstract provided.


Robust Design Review Conversations, Andy Dong, Massimo Garbuio, Dan Lovallo Jan 2014

Robust Design Review Conversations, Andy Dong, Massimo Garbuio, Dan Lovallo

Design Thinking Research Symposium

Design reviews and executive conversations at the point of strategic decision-making share an important outcome: they both result in the (nearly) irrevocable allocation of resources to pursue a design concept or strategic option. Our study aims to contribute to the strategic decision-making scholarship by investigating the robustness of these conversations. We define a robust design review conversation as one in which the participants discuss evidence in favor of and against the option and at the same time propose new hypotheses to explain or resolve the evidence in favor of and against the option, hypotheses that can eventually be tested. We …