The study of the impact of psychological processes (e.g., cognitive, emotional) on economic behavior and decision making.

learn more… | top users | synonyms

4
votes
1answer
163 views

How can psychometric or behavioural tests be used in banking to evaluate creditworthiness?

Suppose an entrepreneur or borrower with little credit or business history goes to a bank or some financial institution to borrow money. Banks can use, as an alternative to a credit or business ...
4
votes
0answers
28 views

Why can't subjective utilities take probabilities into account?

If my understanding of expected utility theory is correct, it is rational for a decision maker to have subjective utilities for objective consequences. For example, it can be rational for a ...
3
votes
2answers
28 views

How can I structure this question to check for availability bias?

I'm preparing a survey right now and one of the questions I'm looking to answer is: How much does availability bias effect the decision making process for [given behaviour]? My question is: What's ...
3
votes
0answers
34 views

Research on gift structure and satisfaction: one large gift or two small ones?

I'm familiar with some research into the subject of gift giving, for example Dan Ariely suggests that giving cash is less effective than buying somebody something. Other studies show that money spent ...
2
votes
0answers
24 views

Any research on a concept of 'empathetic preferences' used in economics?

Some economists/political scientists/philosophers (it's sometimes hard to classify them) have used in their theories a concept of "empathetic preferences", also known as "extended sympathy ...
5
votes
1answer
55 views

Do Kahneman–Tversky results hold for longer periods and aggregate behavior?

Kahneman and Tversky (1979) show findings that can be summarized in this plot: They show that humans dislike losses "more" than they like comparable nominal gains. The results come from a series of ...
2
votes
0answers
13 views

Could motivational interviewing techniques be used without engaging with a counselor?

I've found lots of info on motivational interviewing for strengthening a person's own motivation and commitment to change, but I'm wondering if this technique has been adapted to help people who won't ...
5
votes
1answer
84 views

List of experiments contradicting the expected utility model

I proposed this question as an example question for the Area51 proposal "Mathematical modeling". User Artem Kaznatcheev suggested that it be asked here too, which I thought was a good idea. So I am ...
4
votes
1answer
132 views

Are people more likely to pick the odd one out?

I was wondering if there has been any research to suggest that when given a list of options to choose from, people are more likely to pick an option if it looks different to the other options? My ...
11
votes
1answer
852 views

What's the relationship between priming and anchoring?

I've recently been dabbling in the behavioral literature, reading about cognitive biases such an anchoring, when one of my friends asked me how this phenomenon differed from the classical cognitive ...