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Cognitive Biases in Second-Hand and Pre-sale Real Estate Prices in Nan**g
The real estate market has achieved rapid growth during the past few years due to urbanization, rising incomes, and some government policies aimed at...
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Social science goes quantum: explaining human decision-making, cognitive biases and Darwinian selection from a quantum perspective
The social and economic sciences are grounded on the basic assumption that social life, decision-making behavior, and consciousness are classical...
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The Roots of Cognitive Inertia: An Introduction to Institutional Changes
In this chapter, we analyze the concept of cognitive inertia, investigate the roots of its formation, and then examine the role of cognitive inertia...
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The Effect of Heuristics and Biases on Real Estate Valuation and Cyclicality
There are several underlying factors of cyclicality in property markets. Two of these factors are heuristics and biases which have significant...
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Network defense and behavioral biases: an experimental study
How do people distribute defenses over a directed network attack graph, where they must defend a critical node? This question is of interest to...
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Managerial Dynamic Cognitive Capabilities in a Complex Market Environment
This chapter demonstrates how simulation modelling of complex adaptive systems can enhance managerial dynamic cognitive capabilities. SAFE ARCS...
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COVID-19 and Cognitive Biases: What Lessons Can Be Learned to Fight Against Global Warming
The world economy is facing an unprecedented health crisis linked to the COVID-19 virus. Despite numerous alerts from WHO during the early stages of...
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The Eurovision Song Contest: voting rules, biases and rationality
We analyze and evaluate the rules and results at the 2021 Eurovision Song Contest. We first concentrate on the various voting procedures and explore...
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Cognitive/Emotional Errors and Financial Education
Behavioral Finance has already become the new theoretical financial paradigm. Based on other disciplines, such as psychology, sociology, and...
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Financial Behavioralism: A Behavioral Finance Approach to Minimize Losses and Maximize Profits from Heuristics and Biases
In an impressive line of experiments and field studies, the growing field of behavioral finance has offered behavioral insights on how markets...
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Drought Exposure and Accuracy: Motivated Reasoning in Climate Change Beliefs
The lack of stringent policies to avert climate change has increased the importance of effective and timely adaptation. Adequate adaptation is...
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Task specialization and cognitive skills: evidence from PIAAC and IALS
We study how the tasks conducted on the job relate to measures of cognitive skills using data from 18 countries participating in the Programme for...
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First impression biases in the performing arts: taste-based discrimination and the value of blind auditioning
I develop a game-theoretic framework to study the repercussions of an evaluator’s bias against a specific group of applicants. The evaluator decides...
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Understanding and Communicating Risk: The Case of COVID-19
In the past decades, research in cognitive science has increasingly improved our understanding of human cognition and decision-making processes. On...
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A Behavioral Economics Perspective on the Entrepreneurial State and Mission-Oriented Innovation Policy
It is argued that the concepts of mission-oriented innovation policy and also of the entrepreneurial state will lead to the implementation of...
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Association between mindfulness and risk and time preferences
Many studies have investigated the role of socio-demographic factors (including gender, age, race), cognitive ability and cultural factors on time...
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Cognitive heterogeneity and complex belief elicitation
The Stochastic Becker-DeGroot-Marschak (SBDM) mechanism is a theoretically elegant way of eliciting incentive-compatible beliefs under a variety of...
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Behavioural Organisational Strategy
Success in business depends crucially on an organisation’s choice of structure, objectives, and procedures. As organisations are run by humans, and...