In the newsvendor problem a decision maker orders inventory before a one period selling season with stochastic demand. If too much is ordered, stock is left over at the end of the period, whereas if too little is ordered, sales are lost. The expected profit-maximizing order quantity is well known, but little is known about how managers actually make these decisions. We describe two experiments ...

Selective adaption and anchoring effects in speech perception have generated several different hypotheses regarding the nature of contextual contrast, including auditory/phonetic feature detector fatigue, response bias, and auditory contrast. In the present study three different seven-step [hId]-[h epsilon d] continua were constructed to represent a low F0 (long vocal tract source), a high F0 (...

This research proposes a behavioral model that would allow society to modify its behavior towards preventive health, looking for adequate components based on economics. The investigated problem was: how the current of users in health services Trujillo? population consisted patients who used before start covid-19 pandemic, being 884,700 people. methodology was cross-sectional descriptive researc...

Objective: We conducted a meta-analysis to examine whether numeric decision-making in law is susceptible the effect of (possibly arbitrary) values present decision contexts (anchoring effect) and investigate which factors might moderate this effect. Hypotheses: predicted that presence anchors would bias legal decision-makers' judgment direction anchor value. hypothesized size anchoring be moder...

In this first-principles study, we present density-functional calculations of the electronic structures and electron transport properties of organic molecular junctions with several anchoring groups containing atoms with different electronegativities, i.e., benzenediboronate (BDB), benzenedicarboxylate (BDC), and dinitrobenzene (DNB) molecular junctions sandwiched between two Cu(110) electrodes...

Suppose two Matisse paintings with identical characteristics were put up for sale. However, one of the paintings had previously been sold in a “hot” market for a high price and the other had been sold in a “cold” market for a low price. Would the painting that previously sold in the “hot” market fetch a higher price at auction? Anchoring is one of the most powerful and well-established biases i...

Abstract In a study testing whether mindfulness decreases cognitive biases, respondents answered 22 standard bias questions to measure susceptibility the endowment effect, overconfidence, mental accounting, anchoring, loss aversion, and 17 other as well 14 of Langer survey (LMS), measuring traits novelty-seeking, novelty producing, engagement. A portion were randomly pre-assigned condition that...

BACKGROUND The majority of human errors in healthcare originate from cognitive errors or biases. There is dearth of evidence around relative prevalence and significance of various cognitive errors amongst doctors in their first post-graduate year. This study was conducted with the objective of using high fidelity clinical simulation as a tool to study the relative occurrence of selected cogniti...

Recommender systems are becoming a salient part of many e-commerce websites. Much research has focused on advancing recommendation technologies to improve accuracy of predictions, while behavioral aspects of using recommender systems are often overlooked. In this study, we explore how consumer preferences at the time of consumption are impacted by predictions generated by recommender systems. W...