The sunk-cost bias describes the tendency to continue an inferior course of action because one has invested significant, irrecoverable resources in it past. It can lead individuals make decisions that are suboptimal for their welfare. Across five experiments (N = 3197), we investigate whether display is influenced by sense psychological connectedness past self incurred initial cost, or past-sel...

Both memory and choice are influenced by context: Memory is enhanced when encoding retrieval contexts match, swayed available options. Here, we assessed how context influences risky in an experience-based task two main experiments (119 98 participants retained, respectively) additional reported the Supplemental Material online (152 106 respectively). Within a single session, created separate pr...

Recent experimental evidence in experience-based decision-making suggests that people are more risk seeking in the gains domain relative to the losses domain. This critical result is at odds with the standard reflection effect observed in description-based choice and explained by Prospect Theory. The so-called reversed-reflection effect has been predicated on the extreme-outcome rule, which sug...

Class-imbalance is one of the major challenges in real world datasets, where a few classes (called majority classes) constitute much more data samples than rest minority classes). Learning deep neural networks using such datasets leads to performances that are typically biased towards classes. Most prior works try solve class-imbalance by assigning weights various manners (e.g., re-sampling, co...

Distortion risk measure (DRM) plays a crucial role in management science and finance particularly actuarial science. Various DRMs have been introduced but little is discussed on which DRM at hand should be chosen to address decision maker's (DM's) preference. This paper aims fill out the gap. Specifically, we consider situation where true distortion function unknown either because it difficult ...

Hourly and 15 min GOES-16 -17 atmospheric motion vectors (AMVs) are evaluated using the 2020 version of operational HWRF to assess their impact on tropical cyclone forecasting. The evaluation includes infrared (IR), visible (VIS), shortwave (SWIR), clear air, cloud top water vapor (CAWV CTWV) AMVs derived from ABI imagery. Several changes made optimize assimilation these winds. observational er...

Like environment, social, and governance investing, climate change is an important concern for asset managers owners a new challenge portfolio construction. Until now, investors have mainly measured carbon risk using fundamental approaches, such as with intensity metrics. Nevertheless, it has not been proven that prices are directly affected by these fundamental-based measures. In this article,...

In recent years, a large body of research has demonstrated that judgments and behaviors can propagate from person to person. Phenomena as diverse as political mobilization, health practices, altruism, and emotional states exhibit similar dynamics of social contagion. The precise mechanisms of judgment propagation are not well understood, however, because it is difficult to control for confoundi...

Anticipatory smooth eye movements (ASEM; smooth eye movements in the direction of anticipated target motion) are elicited by cues that signal the direction of future target motion with high levels of certainty. Natural cues, however, rarely convey information with perfect certainty, and responses to uncertainty provide insights about how predictive behaviors are generated. Subjects smoothly pur...

Most consumer decisions involve trade-offs of costs and benefits over time. The research literature on “intertemporal choice” examines behavioral regularities in how people think about such decisions, drawing from marketing, psychology, and behavioral economics. This diverse literature is relevant to the analysis of public policy issues related to consumers’ discounting of future outcomes “too ...