Safety and Behavioral Economics: Making Choices and Decisions in the WorkplaceMcKay, Brian
MAKING CHOICES IN REPETITIVE RISKY SITUATIONS WITH IMMEDIATE FEEDBACKdoi:10.14254/2071-789X.2024/17-2/2Babula, ElbietaMrzygód, UrszulaEconomics & Sociology
“At first, I was only interested in economics because my father works in this field(领域), but now I've developed a true love for economics and will make it my job choice in the future." Ding said.Making future choices Many middle school students might know 76.their Dream jobs dream ...
In particular, we study how the leasing and buying models affect individual choices. We find that in the early market we studied (Texas), a majority of PV adopters use payback period not net present value (NPV) as the decision-making financial criterion. Those who opt to buy PV...
Making Future Choices If you ask middle school students what they want to be when they grow up, they might say they want to be a doctor or a scientist. But if you ask them for more information about these jobs, they might not know much. A recent study shows that 60 percent of middle...
In reality, the paradox of rationality is that full information relates only to the past; choices for the future must be of limited rationality as the future contains both risk and uncertainty. An analysis of rationality and uncertainty in relation to decision-making, therefore leads to a ...
Before-payday participants behave as if they are more present-biased when making intertemporal choices about monetary rewards but not when making intertemporal choices about nonmonetary real-effort tasks. Nor do we find before-after differences in risk-taking, the quality of decision-making, the ...
In this view of decision making, decisions are not singular momentary choices, but rather a process of accretion (Weiss, 1988). Decisions are a series of choices and actions connected over time across departments, grade levels, programs (e.g., English learners,special education, general education...
This chapter reviews models of choice on two levels: The first concerns the descriptions of choice and their evolution from normative models of how choices should be make to more behaviorally realistic models, more consistent with data showing that choice depends heavily on context. We present brief...
This literature review of decision making (how people make choices among desirable alternatives), culled from the disciplines of psychology, economics, and mathematics, covers the theory of riskless choices, the application of the theory of riskless choices to welfare economics, the theory of risky ...