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Journal articles on the topic 'Behavioural Decision Theory'

Author: Grafiati

Published: 4 June 2021

Last updated: 31 January 2023

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1

Anand, Paul. "Behavioural Decision Theory." Journal of Economic Psychology 9, no. 1 (March 1988): 115–17. http://dx.doi.org/10.1016/0167-4870(88)90034-7.

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Regenwetter, Michel, Bernard Grofman, Anna Popova, William Messner, Clintin P. Davis-Stober, and Daniel R. Cavagnaro. "Behavioural social choice: a status report." Philosophical Transactions of the Royal Society B: Biological Sciences 364, no. 1518 (December 12, 2008): 833–43. http://dx.doi.org/10.1098/rstb.2008.0259.

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Behavioural social choice has been proposed as a social choice parallel to seminal developments in other decision sciences, such as behavioural decision theory , behavioural economics , behavioural finance and behavioural game theory . Behavioural paradigms compare how rational actors should make certain types of decisions with how real decision makers behave empirically . We highlight that important theoretical predictions in social choice theory change dramatically under even minute violations of standard assumptions. Empirical data violate those critical assumptions. We argue that the natur

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Sticha, P. J. "Behavioural decision theory: An introduction." European Journal of Operational Research 19, no. 3 (March 1985): 400–401. http://dx.doi.org/10.1016/0377-2217(85)90140-7.

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Jurevičienė, Daiva, and Olga Ivanova. "BEHAVIOURAL FINANCE: THEORY AND SURVEY / FINANSINĖ ELGSENA: TEORIJA IR TYRIMAS." Mokslas - Lietuvos ateitis 5, no. 1 (April 5, 2013): 53–58. http://dx.doi.org/10.3846/mla.2013.08.

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Abstract The paper analyses the importance of behavioural finance theories in household decision-making process. Behavioural finance theories investigate emotional characteristics to explain subjective factors and irrational anomalies in financial markets. In this regard, behavioural theories and behavioural anomalies in the decision-making process are examined; the application opportunities in the financial market are described. The aim of investigation is to determine the basic features and slopes of behavioural finance in concordance with financial decisions of a household. The survey metho

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Pilewicz, PhD Tomasz, and Wojciech Sabat. "Behavioural location theory – evolution, tools and future." Kwartalnik Nauk o Przedsiębiorstwie 46, no. 1 (March 15, 2018): 61–68. http://dx.doi.org/10.5604/01.3001.0012.0998.

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The behavioural location theory emphasises high importance of the limited rationality and the subjective perception of space in selecting of the location for a business activity. The article discusses key competencies from the scope of behavioural location theory. Ac-cording to the Authors, the behavioural location theory is rather complementary than competitive in relation to the neoclassical or modern approach, as it allows to explain the deviations of the decision-makers from the optimisation behaviour. <b>Business location theory has already been discussed in this journal in various

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Pandey, Richa, and V. Mary Jessica. "Sub-optimal behavioural biases and decision theory in real estate." International Journal of Housing Markets and Analysis 12, no. 2 (April 1, 2019): 330–48. http://dx.doi.org/10.1108/ijhma-10-2018-0075.

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Purpose The purpose of this study is to explain the relationship between behavioural biases, investment satisfaction and reinvestment intention considering the effect of evolutionary psychology. The study believes that biases are not at all times bad; sometimes, biases can assist the individual investor to select the top course of action and allow them to go for the less costly mistakes, thereby helping in achieving satisficing behaviour. Design/methodology/approach Data were collected using structured and a close-ended questionnaire from a sample of 560 respondents by using multi-stage strati

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Kilpatrick, Zachary P., Jacob D. Davidson, and Ahmed El Hady. "Uncertainty drives deviations in normative foraging decision strategies." Journal of The Royal Society Interface 18, no. 180 (July 2021): 20210337. http://dx.doi.org/10.1098/rsif.2021.0337.

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Nearly all animals forage to acquire energy for survival through efficient search and resource harvesting. Patch exploitation is a canonical foraging behaviour, but there is a need for more tractable and understandable mathematical models describing how foragers deal with uncertainty. To provide such a treatment, we develop a normative theory of patch foraging decisions, proposing mechanisms by which foraging behaviours emerge in the face of uncertainty. Our model foragers statistically and sequentially infer patch resource yields using Bayesian updating based on their resource encounter histo

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Morton, A., and B. Fasolo. "Behavioural decision theory for multi-criteria decision analysis: a guided tour." Journal of the Operational Research Society 60, no. 2 (February 2009): 268–75. http://dx.doi.org/10.1057/palgrave.jors.2602550.

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Han, Yu, Xuezheng Li, Zhida Feng, Ruoyu Jin, Joseph Kangwa, and Obas John Ebohon. "Grounded Theory and Social Psychology Approach to Investigating the Formation of Construction Workers’ Unsafe Behaviour." Computational Intelligence and Neuroscience 2022 (May 18, 2022): 1–16. http://dx.doi.org/10.1155/2022/3581563.

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There have been limited studies analyzing the causes of construction workers’ unsafe behaviour from the social psychology perspective. Based on a Grounded Theory approach, this study first identified and defined seven coded categories related to workers’ dangerous behaviour on construction sites. The original qualitative data were obtained from individual site interviews conducted with 35 construction professionals. These main categories were found connected to workers’ status of safety awareness and sense of danger, which affected the type of unsafe behaviours, i.e., proactive, passive, or re

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Tymoshenko, Olena, and Оlena Trokhymets. "MECHANISM OF BEHAVIOURAL ECONOMICS." Baltic Journal of Economic Studies 5, no. 2 (May 13, 2019): 221. http://dx.doi.org/10.30525/2256-0742/2019-5-2-221-225.

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The purpose of the article. The article covers the mechanisms of behavioural economics introducing into the state policy of the country. This problem becomes especially relevant in modern conditions as people tend to make unreasonable economic decisions. The purpose of this paper is to research the irrational motives of individuals’ behaviour in making economic decisions and to determine the measures for introducing the mechanisms of behavioural economics in the state policy of Ukraine. Methodology. The survey is based on the analysis of the scientific papers of the following scientists in eco

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Lehner, Paul E., and Leonard Adelman. "Behavioural decision theory and it's implication for knowledge engineering." Knowledge Engineering Review 5, no. 1 (March 1990): 5–14. http://dx.doi.org/10.1017/s0269888900005208.

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AbstractThis paper explores the implications of research results in behavioural decision theory on knowledge engineering. Behavioural decision theory, with its performance (versus process) orientation, can tell us a great deal about the validity of human expert knowledge, and when it should be modelled. A brief history of behavioural decision theory is provided. Implications for knowledge elicitation and representation are discussed. An approach to knowledge engineering is proposed that takes into account these implications.

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Lehka-Paul, Olha. "Behavioural indicators of translators’ decisional styles in a translation task: A longitudinal study." Yearbook of the Poznan Linguistic Meeting 6, no. 1 (January 1, 2020): 81–111. http://dx.doi.org/10.2478/yplm-2020-0007.

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Abstract Translation Process Research defines translation as a decision-making process, but a plethora of studies has demonstrated that there is high individual variation in the translators’ styles of making decisions. The present interdisciplinary empirical study combines the theory of personality types and translation process research in order to identify the behavioural indicators that characterise translators’ decisional styles at the stage of end revision, where final decision-making takes place. As based on previous research, such indicators as the duration of end revision, pause length

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Valaskova, Katarina, Viera Bartosova, and Pavol Kubala. "Behavioural Aspects of the Financial Decision-Making." Organizacija 52, no. 1 (February 1, 2019): 22–31. http://dx.doi.org/10.2478/orga-2019-0003.

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Abstract Background and Purpose: Behavioural finance is a relatively new, but rapidly evolving field that provides explanations of an economic decision-making by cognitive psychology, conventional economic and financial theory. Behavioural finance searches the influence of psychology on the behaviour of financial practitioners and the subsequent effects on the financial markets. The purpose of the paper is the research on behavioural aspects of financial decision-making as they help explain why and how markets might be inefficient. Design/Methodology/Approach: Fuzzy logic is an excellent tool

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Nkukpornu, Etse, Prince Gyimah, and Linda Sakyiwaa. "Behavioural Finance and Investment Decisions: Does Behavioral Bias Matter?" International Business Research 13, no. 11 (October 21, 2020): 65. http://dx.doi.org/10.5539/ibr.v13n11p65.

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This paper examines the nexus between behavioural bias and investment decisions in a developing country context. Specifically, this study tests the effect of four behavioural biases (overconfidence, regret, belief, and &ldquo;snakebite&rdquo;) on investment decisions. Descriptive statistics and inferential statistics including multiple regression are used to examine the behavioural biases-investment decisions nexus. The study reveals that the four bias have a significant positive and robust relationship with investment decision making. The result also shows that the &quot;snakebite

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Pierron, Xavier, Ian Williams, and Peter Shaw. "Extending the Theory of Planned Behaviour Using Behavioural Economics to Reduce and Access Small WEEE Anthropogenic Stocks." Detritus, no. 14 (March 31, 2021): 54–67. http://dx.doi.org/10.31025/2611-4135/2021.14062.

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From an urban mining perspective stockpiles of Waste of Electronic and Electrical Equipment (WEEE) by individuals represent anthropogenic stocks that could be exploited for precious and critical resources. The current challenge resides in minimising these stocks generation, as well as accessing the resources they represent. Behavioural models such as the Theory of Planned Behaviour (TPB) have been used in waste and resources management studies to understand WEEE end-of-use intentions and behaviours. But the results have been uneven and the very presence of these anthropogenic stocks is the ack

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Ben Nefissa, Basma, and Faouzi Jilani Jilani. "Behavioural Accounting Explained through Different Factors." Indonesian Management and Accounting Research 20, no. 1 (January 10, 2022): 67–80. http://dx.doi.org/10.25105/imar.v20i1.8155.

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The positive theory of accounting initiated by Watts and Zinmerman in 1978 postulates that the purpose of accounting is to describe, explain and predict accounting facts. The major contribution of this theory is to analyze the effect of accounting output on the main recipients of financial statements. However, in spite of its notable contributions, the positive theory of accounting falls short of studying the context in which the decision-making process by agents takes place s. It has been proved that this context conditions the decision-making process. Numerous studies have therefore been int

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Wang, Jianhua, May Chu, Yuan yuan Deng, Honming Lam, and Jianjun Tang. "Determinants of pesticide application: an empirical analysis with theory of planned behaviour." China Agricultural Economic Review 10, no. 4 (November 5, 2018): 608–25. http://dx.doi.org/10.1108/caer-02-2017-0030.

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Purpose The purpose of this paper is to investigate farmers’ intentions to comply with pesticide application standards based on an extended theory of planned behaviour (TPB). Design/methodology/approach Built on a TPB framework, it was examined how perceived behavioural control (PBC), behavioural goal (BG), behavioural attitude (BA) and subjective norm (SN) influenced farmers’ intention to comply with pesticide application standards. Data of 986 farmers from five major agricultural provinces in China were collected following a stratified random sampling method. Structural equation modelling wa

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Trimmer, Pete C. "Optimal behaviour can violate the principle of regularity." Proceedings of the Royal Society B: Biological Sciences 280, no. 1763 (July 22, 2013): 20130858. http://dx.doi.org/10.1098/rspb.2013.0858.

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Understanding decisions is a fundamental aim of behavioural ecology, psychology and economics. The regularity axiom of utility theory holds that a preference between options should be maintained when other options are made available. Empirical studies have shown that animals violate regularity but this has not been understood from a theoretical perspective, such decisions have therefore been labelled as irrational. Here, I use models of state-dependent behaviour to demonstrate that choices can violate regularity even when behavioural strategies are optimal. I also show that the range of condit

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Vos, Irene M. L., Maartje H. N. Schermer, and Ineke L. L. E. Bolt. "Recent insights into decision-making and their implications for informed consent." Journal of Medical Ethics 44, no. 11 (July 21, 2018): 734–38. http://dx.doi.org/10.1136/medethics-2018-104884.

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Research from behavioural sciences shows that people reach decisions in a much less rational and well-considered way than was often assumed. The doctrine of informed consent, which is an important ethical principle and legal requirement in medical practice, is being challenged by these insights into decision-making and real-world choice behaviour. This article discusses the implications of recent insights of research on decision-making behaviour for the informed consent doctrine. It concludes that there is a significant tension between the often non-rational choice behaviour and the traditiona

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Seow, Ai Na, Yuen Onn Choong, Chee Keong Choong, and Krishna Moorthy. "Health tourism: behavioural intention and protection motivation theory." Tourism Review 77, no. 2 (June 18, 2021): 376–93. http://dx.doi.org/10.1108/tr-11-2020-0546.

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Purpose Health tourism is recognised as a recent new pattern of taking a break while accessing health-care services overseas. Past studies have explored this research area, but few have focussed on the theoretical perspective. Applying an appropriate theoretical model to guide interventions in planning and programme development is crucial, particularly when the focus of the study is on the cognitive mediation processes of change in individual behaviour. This study aims to examine the effectiveness of the protection motivation theory with the influence of threat appraisal and coping appraisal.

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Mulford, Matthew, and Jeffery Berejikian. "Behavioural Decision Theory and the Gains Debate in International Politics." Political Studies 50, no. 2 (June 2002): 209–29. http://dx.doi.org/10.1111/1467-9248.00367.

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The temptation to free ride and the fear of exploitation are traditionally offered as factors explaining individuals' choices under conditions of social dilemma. In two experimental studies of prisoner's dilemma behaviour we demonstrate that the ratio-differences of payoffs are as important as the absolute differences in affecting the likelihood of cooperation. The implications of this additional structural determinant of dilemma choice are developed and applied to the stalled gains debate in international relations theory. By incorporating ratio-differences into the analysis ‘realist’ and ‘li

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Lau, Richard R., and Jack S. Levy. "Contributions of Behavioural Decision Theory to Research in Political Science." Applied Psychology 47, no. 1 (January 1998): 29–44. http://dx.doi.org/10.1111/j.1464-0597.1998.tb00011.x.

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Hartini, Umi, and Dwi Cahyo Utomo. "REVIEW PENELITIAN TENTANG PERILAKU INVESTOR DALAM PENGAMBILAN KEPUTUSAN INVESTASI." Jurnal Ilmu Manajemen dan Akuntansi Terapan (JIMAT) 13, no. 2 (December 8, 2022): 15. http://dx.doi.org/10.36694/jimat.v13i2.422.

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The purpose of this research is to systematically review the literature published ini past 42 years on behavioural biases in investment decision making. This paper highlights the major gaps in the existing studies on behavioural biases. It also aims raise specific questions for future research. The design of this research employ systematic literature review (SLR) method in the present study. The prominence research is assessed by studying the year of publication, journal of publication, country of study, types of statistical method, data collection technique and content analysis on literature

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COŞKUN, Ahmet. "ENVIRONMENTALISM AND ETHICAL DECISION MAKING IN BUSINESS ORGANIZATIONS." Business & Management Studies: An International Journal 8, no. 4 (December 10, 2020): 37–49. http://dx.doi.org/10.15295/bmij.v8i4.1703.

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This study tries to reveal the dynamics of ethical business decision making process about environmental issues, in terms of Theory of planned behaviour framework. To do so, a survey analysis was held with 167 university students by taking an online questionnaire and the data were statistically analysed by using a statistic software (SPSS). Results showed that ethical behaviour intentions have significant positive relationships with environmentalism, ethical attitudes toward environment and perceived behavioural control. Demographic factor groups were found to have no significant differences in

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Alexander, Anthony, Helen Walker, and Mohamed Naim. "Decision theory in sustainable supply chain management: a literature review." Supply Chain Management: An International Journal 19, no. 5/6 (September 2, 2014): 504–22. http://dx.doi.org/10.1108/scm-01-2014-0007.

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Purpose – This study aims to aid theory building, the use of decision theory (DT) concepts in sustainable supply chain management (SSCM) research is examined. Design/methodology/approach – An abductive approach considers two DT concepts, Snowden’s Cynefin framework for sense-making and Keeney’s value-focussed decision analysis, in a systematic literature review of 160 peer-reviewed papers in English. Findings – Around 60 per cent of the papers on decision-making in SSCM come from operational research (OR), which makes explicit use of DT. These are almost all normative and rationalist and focus

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Gao, Yanjing, and Lijun Chen. "Impact of COVID-19 Risk Perception on Residents’ Behavioural Intention towards Forest Therapy Tourism." Sustainability 14, no. 18 (September 15, 2022): 11590. http://dx.doi.org/10.3390/su141811590.

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Risk perception has an important influence on tourism decision-making behaviour. Based on the extended Theory of Planned Behaviour, we examine the effect of COVID-19 risk perception on tourists’ behavioural intentions towards forest therapy tourism. A questionnaire survey was conducted during the pandemic. Based on structural equation modelling (SEM), our evidence shows that cognitive risk perception positively and significantly influenced subjective norms, while affective risk perception positively and significantly influenced attitudes. Subjective norms mediated perceived risk perception and

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Dassani, M. Preksha, and M. Sandhya Sridevi. "Understanding Investor Behaviour Using Prospect Theory: An Indian Perspective." ANUSANDHAN – NDIM's Journal of Business and Management Research 3, no. 1 (February 28, 2021): 42–50. http://dx.doi.org/10.56411/anusandhan.2021.v3i1.42-50.

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Kahneman and Tversky's Prospect Theory tries to explain investor behaviour under risk when alternative outcomes are available to them while making an investment decision. Loss Aversion, Regret Aversion, and Mental Accounting are the three dimensions of this theory. Loss aversion is an investor emotion that prevents unloading unprofitable investments because they lead to a loss. Regret Aversion is the anticipation of regret where an investor holds to loss-making investments with the fear of admitting an incorrect investment decision. Mental Accounting is the value investors place on money, ofte

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Robb, Genna, and Avias Ngwenya. "Theory and practice in the use of merger remedies: Considering South African experience." Journal of Economic and Financial Sciences 4, no. 3 (August 31, 2011): 203–20. http://dx.doi.org/10.4102/jef.v4i4.374.

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There has been considerable debate internationally around the relative advantages and disadvantages of structural and behavioural remedies. In mergers which raise competition concerns, prohibition or divestiture may prevent merger efficiencies from being realised, and therefore behavioural remedies may seem attractive. However, these can prove difficult or impossible to enforce in practice. The merger approval rates of the South African competition authorities are in line with the practice of international agencies, but the number of behavioural remedies imposed is relatively high. This paper

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Robb, Genna, and Avias Ngwenya. "Theory and practice in the use of merger remedies: Considering South African experience." Journal of Economic and Financial Sciences 4, no. 3 (August 31, 2011): 203–20. http://dx.doi.org/10.4102/jef.v4i3.374.

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There has been considerable debate internationally around the relative advantages and disadvantages of structural and behavioural remedies. In mergers which raise competition concerns, prohibition or divestiture may prevent merger efficiencies from being realised, and therefore behavioural remedies may seem attractive. However, these can prove difficult or impossible to enforce in practice. The merger approval rates of the South African competition authorities are in line with the practice of international agencies, but the number of behavioural remedies imposed is relatively high. This paper

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Savage, David A. "Surviving the Storm: Behavioural Economics in the Conflict Environment." Peace Economics, Peace Science and Public Policy 22, no. 2 (April 1, 2016): 105–29. http://dx.doi.org/10.1515/peps-2015-0047.

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AbstractWhile behavioural economics has become part of mainstream economic theory, showing systematic deviations from the standard homo economicius in normal environments, there has been little exploration of behaviour in the extreme – such as conflict, disasters or war zones. This has led to the underdevelopment of behavioural theory examining the choices or motivations of individuals within these environments, resulting in sub-optimal models and policy. This work provides an entry point for the application of behavioural economics within conflict zones, specifically the examination of decisi

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SUGDEN, ROBERT. "HUME'S NON-INSTRUMENTAL AND NON-PROPOSITIONAL DECISION THEORY." Economics and Philosophy 22, no. 3 (November 2006): 365–91. http://dx.doi.org/10.1017/s0266267106001027.

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Hume is often read as proposing an instrumental theory of decision, in which an agent's choices are rational if they maximally satisfy her desires, given her beliefs. In fact, Hume denies that rationality can be attributed to actions. I argue that this is not a gap needing to be filled. Hume's theory provides a coherent and self-contained understanding of action, compatible with current developments in experimental psychology and behavioural economics. On Hume's account, desires are primitive psychological motivations which do not have propositional content, and so are not subject to the crite

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Naidoo, Thiroshnee, and Charlene Lew. "Exclusive books: applying a behavioural economics perspective." Emerald Emerging Markets Case Studies 10, no. 3 (September 9, 2020): 1–30. http://dx.doi.org/10.1108/eemcs-04-2020-0132.

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Learning outcomes The learning outcomes are as follows: understanding of the principles of choice overload and the impact of consumer choice overload on company sustainability and growth prospects; understanding of how several heuristics inform consumer decision-making; applying nudge theory to interpret and clarify the impact and consequences of nudges on consumer decision-making; and considering the challenge of a newly appointed CEO to influence consumer choice. Case overview/synopsis The case study and teaching note offers insights into the use of behavioural economics principles in consum

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Ondolos, Nigel Kollin, Jasman Tuyon, and Rozita Uji Mohammed. "A Conceptual Framework for Bounded Rationality in Bank Officers’ Credit Decision for SME Lending in Malaysia." Asia-Pacific Management Accounting Journal 16, no. 3 (December 1, 2021): 159–89. http://dx.doi.org/10.24191/apmaj.v16i3-07.

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Based on the Bounded Rational Theory, ideally, bank credit officers would be influenced by both rational (fundamental factors) and irrational (behavioural factors) in their credit assessment and decision making process. Emphasizing on the irrational decision making perspective, behavioural factors distort the credit decision making process in the banking industry. Despite such evidence, the psychology perspectives in bank lending practice has been given little attention in research and neglected in practice and policy perspectives. This conceptual research investigated the role of irrationalit

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Koechlin, Etienne. "An evolutionary computational theory of prefrontal executive function in decision-making." Philosophical Transactions of the Royal Society B: Biological Sciences 369, no. 1655 (November 5, 2014): 20130474. http://dx.doi.org/10.1098/rstb.2013.0474.

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The prefrontal cortex subserves executive control and decision-making, that is, the coordination and selection of thoughts and actions in the service of adaptive behaviour. We present here a computational theory describing the evolution of the prefrontal cortex from rodents to humans as gradually adding new inferential Bayesian capabilities for dealing with a computationally intractable decision problem: exploring and learning new behavioural strategies versus exploiting and adjusting previously learned ones through reinforcement learning (RL). We provide a principled account identifying three

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Dobryagina, N. P. "Behavioural Economics Contribution to the Entrepreneurship Theory and its Application in Entrepreneurship Policies." Administrative Consulting, no. 1 (March 22, 2021): 50–60. http://dx.doi.org/10.22394/1726-1139-2021-1-50-60.

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Based on interdisciplinary research the paper proves that behavioural economics provides a significant contribution to the entrepreneurship theory and can increase the effect of policies focused on entrepreneurship motivation. The paper demonstrates that entrepreneurship is a phenomenon, which contradicts a number of neoclassical assumptions, while behavioural economics provides explanations of these deviations and embeds entrepreneurship into modified models. These new models take into account behavioural aspects of entrepreneur’s decision. The paper determines three main reasons of restraine

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Shrum, Trisha R., Ezra Markowitz, Holly Buck, Robin Gregory, Sander van der Linden, Shahzeen Z. Attari, and Leaf Van Boven. "Behavioural frameworks to understand public perceptions of and risk response to carbon dioxide removal." Interface Focus 10, no. 5 (August 14, 2020): 20200002. http://dx.doi.org/10.1098/rsfs.2020.0002.

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The adoption of carbon dioxide removal (CDR) technologies at a scale sufficient to draw down carbon emissions will require both individual and collective decisions that happen over time in different locations to enable a massive scale-up. Members of the public and other decision-makers have not yet formed strong attitudes, beliefs and preferences about most of the individual CDR technologies or taken positions on policy mechanisms and tax-payer support for CDR. Much of the current discourse among scientists, policy analysts and policy-makers about CDR implicitly assumes that decision-makers wi

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Metsch, Rutger, and Rémy Gerbay. "Prospect Theory and due process paranoia: what behavioural models say about arbitrators’ assessment of risk and uncertainty." Arbitration International 36, no. 2 (June 1, 2020): 233–52. http://dx.doi.org/10.1093/arbint/aiaa017.

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Abstract The term ‘due process paranoia’ is used to describe a perceived reluctance by arbitral tribunals to act decisively in certain situations for fear of the arbitral award being challenged on the basis of a party not having had the chance to present its case fully. This article approaches due process paranoia from the perspective of Prospect Theory, which is a behavioural model describing how individuals make decisions under risk and uncertainty. The authors examine how Prospect Theory’s insight that decision makers tend to overweight low-probability events in their decision-making (the ‘

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Sabat, Wojciech, and Tomasz Pilewicz. "Business location decision: the behavioural aspect in empirical research." Journal of Management and Financial Sciences, no. 37 (September 4, 2019): 99–109. http://dx.doi.org/10.33119/jmfs.2019.37.6.

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The behavioural location theory helps to understand business location decisions which are not explained in the perfect rationality paradigm. In this article, we survey empirical research on business location decisions which include the behavioural aspect. We conclude that entrepreneurs appear to be biased towards choosing locations in their place of residence and are reluctant to make complicated location analysis. We also indicate the research gap – a lack of research on the impact of heuristics on location decisions.

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Lapatinas, Athanasios. "Understanding Voting Behaviour in Complex Political Systems." Mathematical Economics Letters 2, no. 3-4 (November 30, 2014): 59–65. http://dx.doi.org/10.1515/mel-2014-0001.

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AbstractWe suggest in this paper that voting in political systems can be profitably analysed using complex system analysis. We discuss how we can capture the complexity of voting behaviour by applying graph theory in networks and we develop a simplified theoretical model of voting choice adopting the basic heuristics of the behavioural decision theory. We feel that such a complex systems approach provides a superior basis for understanding voting behaviour compared to standard political economy analysis.

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Webb, Katie L. "Theory of planned behaviour: general practitioners’ prescribing and referral behaviour." European Journal for Person Centered Healthcare 5, no. 1 (May 23, 2017): 75. http://dx.doi.org/10.5750/ejpch.v5i1.1210.

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Rationale and aims: The vast majority of patients seen in general practice present with a mental health component to their illness. Despite current clinical guidelines, suggesting referral to psychological-based treatments being a more appropriate course of action, anti-depressant prescription remains high for those suffering common mental health problems (CMHPs). This study aimed to investigate General Practitioners’ (GPs) behaviour regarding the prescription of antidepressants and referral to psychological-based treatment for individuals with CMHPs, using the Theory of Planned Behaviour (TPB

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Cavalheiro, Everton Anger, Kelmara Mendes Vieira, and Paulo Sérgio Ceretta. "The determinants of risk tolerance: A behavioural analysis." Corporate Ownership and Control 9, no. 2 (2012): 476–85. http://dx.doi.org/10.22495/cocv9i2c5art2.

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The traditional perspective of financial theory suggests an implicit rationality on decision making. Historically, researches have revolved around demographic, social and economic heuristics, thus neglecting the emotional, cognitive and behavioral suppositions, related to financial decision making. In this sense, this study aims to evaluate which are the determining factors for risk tolerance. So, we carried out a survey on 815 individuals residing in Santa Maria, Julio de Castilhos and Cruz Alta, Brazil. Afterwards, we performed a CFA and, eventually, a regression analysis. Generally and cons

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Frydman, Cary, Colin Camerer, Peter Bossaerts, and Antonio Rangel. "MAOA-L carriers are better at making optimal financial decisions under risk." Proceedings of the Royal Society B: Biological Sciences 278, no. 1714 (December 8, 2010): 2053–59. http://dx.doi.org/10.1098/rspb.2010.2304.

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Genes can affect behaviour towards risks through at least two distinct neurocomputational mechanisms: they may affect the value assigned to different risky options, or they may affect the way in which the brain adjudicates between options based on their value. We combined methods from neuroeconomics and behavioural genetics to investigate the impact that the genes encoding for monoamine oxidase-A (MAOA), the serotonin transporter (5-HTT) and the dopamine D4 receptor (DRD4) have on these two computations. Consistent with previous literature, we found that carriers of the MAOA-L polymorphism wer

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Santos Millán, Irene. "Consumer behaviour and new consumer trends vis-à-vis the ICTs." ESIC MARKET Economic and Business Journal, Volume 50, Issue 3 (February 4, 2020): 599–620. http://dx.doi.org/10.7200/esicm.164.0503.4.

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Objectives. In this paper, consumer behaviour is analysed following the criterion of behavioural economics and how it affects digitalisation, and the current change in consumer trends. Methodology. It is based on a search of behavioural economics studies and theories arising within this field, such as the Nudge Theory. Having gained an understanding of consumer behaviour, this was taken to the digital arena and the different ways of obtaining information from users to learn about their behaviour in this area and its impact, were analysed. Results. By studying behavioural economics, the conclus

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Arnot, Megan, Eva Brandl, O. L. K. Campbell, Yuan Chen, Juan Du, Mark Dyble, Emily H. Emmott, et al. "How evolutionary behavioural sciences can help us understand behaviour in a pandemic." Evolution, Medicine, and Public Health 2020, no. 1 (January 1, 2020): 264–78. http://dx.doi.org/10.1093/emph/eoaa038.

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Abstract The COVID-19 pandemic has brought science into the public eye and to the attention of governments more than ever before. Much of this attention is on work in epidemiology, virology and public health, with most behavioural advice in public health focusing squarely on ‘proximate’ determinants of behaviour. While epidemiological models are powerful tools to predict the spread of disease when human behaviour is stable, most do not incorporate behavioural change. The evolutionary basis of our preferences and the cultural evolutionary dynamics of our beliefs drive behavioural change, so und

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Salazar-Ordóñez, Melania, and Macario Rodríguez-Entrena. "Hybridizing consumer behavioural approaches on agrifood markets: Attitudes, judgements and choices." Spanish Journal of Agricultural Research 17, no. 2 (July 26, 2019): e0109. http://dx.doi.org/10.5424/sjar/2019172-14155.

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The attitudinal approach, represented by the Theory of Reasoned Action and, subsequent, Theory of Planned Behaviour, and the judgements and choices – also called decision – approach, rendered by the Classical Utility Economic Theory, are the two mainstream frameworks to explain consumer behaviour. The former explains consumer behaviour based on beliefs and behavioural intentions, and the latter on products’ attributes and prices. Both are criticized by having drawbacks, which may limit their explicative and predictive power, such as the attitude-behaviour or intention-behaviour gap in the form

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Hamad, Salah Ben. "Financial manager decisions in small and medium Tunisian firms." Corporate Ownership and Control 6, no. 3 (2009): 450–64. http://dx.doi.org/10.22495/cocv6i3c4p4.

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The agency framework has shifted research in the theory of finance from the traditional quantitative analysis towards a richer analysis that incorporates the behavioural aspects. In this paper we implement an exploratory analysis in order to pick up the behaviour of the managers of small and medium firms (SMF) in financial decisions making. An Important finding in our research is that the traditional Modigliani and Miller framework cannot be merely translated to analyse the financing decision in a context of asymmetric information and agency conflicts among the different corporate actors. Empi

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Baar, Carl. "Using Process Theory to Explain Judicial Decision Making." Canadian journal of law and society 1 (1986): 57–79. http://dx.doi.org/10.1017/s0829320100001009.

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This article is part of an effort to place current research on the Canadian judicial process into a broader theoretical context. This effort developed first from a sense that the legal and behavioural frameworks that have dominated the explanation of judicial decision making in the United States Supreme Court obscure more than they illuminate about judicial decision making in Canada; and second from the realization that the most illuminating American studies — those that trace the process by which major cases are brought before the courts and decided — are seen as interesting but atheoretical,

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Sumner, Christian J., and Seirian Sumner. "Signal detection: applying analysis methods from psychology to animal behaviour." Philosophical Transactions of the Royal Society B: Biological Sciences 375, no. 1802 (May 18, 2020): 20190480. http://dx.doi.org/10.1098/rstb.2019.0480.

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Conspecific acceptance thresholds (Reeve 1989 Am. Nat. 133 , 407–435), which have been widely applied to explain ecological behaviour in animals, proposed how sensory information, prior information and the costs of decisions determine actions. Signal detection theory (Green & Swets 1966 Signal detection theory and psychophysics ; SDT), which forms the basis of CAT models, has been widely used in psychological studies to partition the ability to discriminate sensory information from the action made as a result of it. In this article, we will review the application of SDT in interpreting the

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Robb, Jane, Jeremy Haggar, Richard Lamboll, and Edwin Castellanos. "Exploring the Value–Action Gap through Shared Values, Capabilities and Deforestation Behaviours in Guatemala." Environmental Conservation 46, no. 03 (June 13, 2019): 226–33. http://dx.doi.org/10.1017/s0376892919000067.

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SummaryUnderstanding drivers of deforestation is essential for developing any successful intervention to reduce forest degradation or loss, yet there remains relatively little consensus or clarity on how drivers should be identified and classified. To capture the full range of values and mediating factors that may contribute to land-use behaviours, an approach derived from a shared values perspective that includes a range of values associated with whole landscapes and ecosystems is required. We developed a model that combines behavioural theory with the Capability Approach as a conceptual fram

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Lichtenstein, Scott, Gary Lichtenstein, and Malcolm Higgs. "Personal values at work." Journal of General Management 43, no. 1 (September 21, 2017): 15–23. http://dx.doi.org/10.1177/0306307017719702.

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The purpose of this behavioural strategy study is to investigate how seasoned executives enact their personal values in real-life organizational decision-making. The significance of this article is linking the personal values of executives with actual leadership decisions they made. In focus groups, strategic leaders with an Outer Directed (OD) or Inner Directed (ID) values orientation were prompted to reflect on their decisions at work. Analysis of the coded transcripts revealed the four independent raters, reliably categorized coding events, according to a Maslovian coding framework, r = 0.8

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