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Behavioral Economics Commons

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Full-Text Articles in Behavioral Economics

The Effects Of Cost, Level Of Safety, And Severity Of Injury On Manager Decisions To Implement A Safety Solution, Jonathan M. Hochmuth Dec 2021

The Effects Of Cost, Level Of Safety, And Severity Of Injury On Manager Decisions To Implement A Safety Solution, Jonathan M. Hochmuth

Dissertations

Workplace injuries continue to be a source of substantial human and financial costs each year. Behavioral safety processes have been effective in reducing workplace injuries by increasing safety-related behaviors. In recent years, the focus in behavioral safety has shifted towards the role of managers in establishing and maintaining safe behaviors and conditions in the workplace. Understanding how managers make decisions to allocate resources is critical to improving safety. The field of behavioral economics has developed methods for studying decision-making. While there have been calls to apply these methods to occupational safety, there are only two empirical studies which have done …


Attentional Processing: Replication And Extension Of Selection Bias As A Predictor Of Intertemporal Choice Behavior, Dylan Rutter May 2018

Attentional Processing: Replication And Extension Of Selection Bias As A Predictor Of Intertemporal Choice Behavior, Dylan Rutter

Masters Theses, 2010-2019

Basic underlying mechanisms of discounting delayed rewards remain unclear (Green & Myerson, 2013). There has been evidence that attentional mechanisms (e.g., fixation and fixation duration) could be further investigate processes related to the discounting of delayed rewards (Franco-Watkins, Matteson, & Jackson, 2016). Franco-Watkins et al. (2016) was the first to propose a measure of attentional mechanisms in a discounting paradigm, known as selection bias. The authors found selection bias was positively correlated with choice behavior. The present study replicated selection bias using a titration procedure and Area Under the Curve scores. This study also analyzed selection bias across choice presentations …


Individual Differences In Discounting Delayed Gains, Delayed Losses, And Probabilistic Losses, Yu-Hua Yeh May 2018

Individual Differences In Discounting Delayed Gains, Delayed Losses, And Probabilistic Losses, Yu-Hua Yeh

Arts & Sciences Electronic Theses and Dissertations

Many decisions in one’s daily life involve the discounting of delayed or probabilistic losses: Should we pay off our credit-card balance in full or incur interest; should we buy more collision and liability insurance or risk having to pay more in case of an accident? Despite its importance, however, discounting of losses is understudied, and few studies have focused on individual differences. The current study recruited 407 on-line participants through Amazon’s Mechanical Turk who completed three discounting questionnaires: delayed losses, probabilistic losses, and delayed gains. Magnitude effects were observed with delayed gains (i.e., larger delayed gains were discounted less steeply …