Behavioral contrast in a two-option analogue task of financial decision making

Policy Applications of Behavioral Insights to Household Financial Decision-Making Behavioral Science and Policy Symposium Financial Decision-Making Working Group

Convergence in a sequential two stages decision making process

We analyze a sequential decision making process, in which at each stepthe decision is made in two stages. In the rst stage a partially optimalaction is chosen, which allows the decision maker to learn how to improveit under the new environment. We show how inertia (cost of changing)may lead the process to converge to a routine where no further changesare made. We illustrate our scheme with some...

Role Taking Under Financial Risk Decision Making

This paper explores people’s behavior when they are facing financial risks. Through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...

Strategic financial decision making in comprehensive public universities

Experimental results and theoretical analysis confirms that financial strategic decisions due to the effect of the policy and organizational behavior is very important. The aim of this paper was to study financial strategic making decision and decision-making processes at University of Tehran. Data was collected through qualitative research methods. The population of the study was all the exper...

EDDIE In Financial Decision Making

This paper gives an overview of the EDDIE project. It describes the principles and applications of EDDIE in making financial decisions, including applications to share prices and indices forecasting and arbitrage. EDDIE is designed as an interactive decision tool, not a replacement of expert knowledge. Experts channel their knowledge into the system through (a) selection and preparation of data...