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A NOTE ON CONCAVITY AND SCALAR PROPERTIES IN PRODUCTION (1989)

Bone, John

Oxford, UK : Blackwell Publishing Ltd

Bulletin of economic research 41 (1989), S. 0

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ISSN: 1467-8586

Quelle: Blackwell Publishing Journal Backfiles 1879-2005

Thema: Wirtschaftswissenschaften

Materialart: Digitale Medien

URL: http://dx.doi.org/10.1111/j.1467-8586.1989.tb00339.x

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Are Groups More (or Less) Consistent Than Individuals? (1999)

Bone, John ; Hey, John ; Suckling, John

Springer

Journal of risk and uncertainty 18 (1999), S. 63-81

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ISSN: 1573-0476

Schlagwort(e): Expected Utility theory ; Common-Ratio Effect ; experiments ; groups

Quelle: Springer Online Journal Archives 1860-2000

Thema: Wirtschaftswissenschaften

Notizen: Abstract There is now overwhelming experimental evidence that individuals systematically violate the axioms of Expected Utility theory. In reality, however, many economic decisions are taken by, or on behalf of, groups whose members have a joint stake in those decisions. This paper reports on an experiment in which pairs of individuals are tested for Common-Ratio inconsistencies. We find that the agreed choices of subject-pairs follow a pattern of inconsistency very close to that of individuals' choices. We also look for evidence that group participation increases the consistency of the individuals themselves. With one solitary exception, we find none.

Materialart: Digitale Medien

URL: http://dx.doi.org/10.1023/A:1007764411446

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