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Payoff dominance vs. cognitive transparency in decision making.
- Source :
- Economic Inquiry; Apr98, Vol. 36 Issue 2, p272, 14p, 10 Graphs
- Publication Year :
- 1998
-
Abstract
- Reports on three laboratory experiments designed to investigate the roles of decision costs and rewards on the accuracy of economic decisions. Use of the Becker-DeGroot-Marshak mechanism (BDM); Incentive-compatibility of the BDM in a pure induced-value setting; Performance of the BDM under different information regimes and payoff schedules; Role of feedback information.
- Subjects :
- DECISION making
Subjects
Details
- Language :
- English
- ISSN :
- 00952583
- Volume :
- 36
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Economic Inquiry
- Publication Type :
- Academic Journal
- Accession number :
- 573486
- Full Text :
- https://doi.org/10.1111/j.1465-7295.1998.tb01713.x