The Effect of Power on Biased Newsvendor Order Behavior: An Experimental Study
نویسندگان
چکیده
We extend behavioral research in newsvendor settings by experimentally exploring the effect of power on newsvendor order decisions under two profit conditions. We also analyze people's risk profiles and explore if the expo-power utility function, which relaxes the assumption of constant absolute risk aversion, explains observed behavior.
منابع مشابه
Risk premiums and certainty equivalents of loss-averse newsvendors of bounded utility
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