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Articles 1 - 3 of 3
Full-Text Articles in Behavioral Economics
Women’S Decision Making: A Contextual Assessment, Safdar Khan
Women’S Decision Making: A Contextual Assessment, Safdar Khan
Safdar Khan
No abstract provided.
Hayek's Philosophical Psychology, Leslie Marsh
Hayek's Philosophical Psychology, Leslie Marsh
Leslie Marsh
Hayek's philosophical psychology as set out in his The Sensory Order (1952) has, for the most part, been neglected. Despite being lauded by computer scientist grandee Frank Rosenblatt and by Nobel prize-winning biologist Gerald Edelman, cognitive scientists -- with a few exceptions -- have yet to discover Hayek's philosophical psychology. On the other hand, social theorists, Hayek's traditional disciplinary constituency, have only recently begun to take note and examine the importance of psychology in the complete Hayek corpus. This volume brings together for the first time state-of-the-art contributions from neuroscientists and philosophers of mind as well as economists and social …
Are Ceos Expected Utility Maximizers?, John List, Charles Mason
Are Ceos Expected Utility Maximizers?, John List, Charles Mason
Charles F Mason
Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative sense, at stake are the fundamental underpinnings of the bulk of the last half-century’s models of choice under uncertainty. From a positive perspective, the ubiquitous use of benefit-cost analysis across government agencies renders the expected utility maximization paradigm literally the only game in town. In this study, we advance the literature by exploring CEO’s preferences over small probability, high loss lotteries. Using undergraduate students as our experimental control group, we find that both our CEO and student subject pools exhibit frequent and large departures …