The challenge of representative design in psychology and economics
Author
Abstract
Suggested Citation
DOI: 10.1080/13501780500086172
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Robin Hogarth, 2004. "The challenge of representative design in psychology and economics," Economics Working Papers 751, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2005.
References listed on IDEAS
- Einhorn, Hj & Hogarth, Rm, 1981. "Behavioral Decision-Theory - Processes Of Judgment And Choice," Journal of Accounting Research, Wiley Blackwell, vol. 19(1), pages 1-31.
- Barberis, Nicholas & Thaler, Richard, 2003.
"A survey of behavioral finance,"
Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 18, pages 1053-1128,
Elsevier.
- Nicholas Barberis & Richard Thaler, 2002. "A Survey of Behavioral Finance," NBER Working Papers 9222, National Bureau of Economic Research, Inc.
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Hogarth, Rm, 1982. "An Assessment Of Laboratory Experiments In Accounting - Discussion," Journal of Accounting Research, Wiley Blackwell, vol. 20, pages 108-116.
- Robin Hogarth, 2003. "Is confidence in decisions related to feedback? Evidence-and lack of evidence-from random samples of real-world managerial behavior?," Economics Working Papers 655, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2004.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Rode, Julian & Hogarth, Robin M. & Le Menestrel, Marc, 2008.
"Ethical differentiation and market behavior: An experimental approach,"
Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 265-280, May.
- Julian Rode & Robin Hogarth & Marc Le Menestrel, 2004. "Ethical differentiation and market behavior: An experimental approach," Economics Working Papers 779, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2006.
- Julian Rode, 2015. "Ethical differentiation and market behavior: An experimental approach," Working Papers 112, Barcelona School of Economics.
- Marrero, Hipólito & Gámez, Elena & Díaz, José M., 2016. "Do people reason when they accept tricky offers? A case of approach and avoidance motivated reasoning," Journal of Economic Psychology, Elsevier, vol. 57(C), pages 26-38.
- Lex Borghans & Bas ter Weel, 2008.
"Understanding the Technology of Computer Technology Diffusion: Explaining Computer Adoption Patterns and Implications for the Wage Structure,"
Journal of Income Distribution, Ad libros publications inc., vol. 17(3-4), pages 37-70, September.
- Borghans, L. & ter Weel, B.J., 2008. "Understanding the technology of computer technology diffusion: explaining computer adoption patterns and implications for the wage structure," ROA Research Memorandum 008, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Borghans, Lex & ter Weel, Bas, 2008. "Understanding the Technology of Computer Technology Diffusion: Explaining Computer Adoption Patterns and Implications for the Wage Structure," IZA Discussion Papers 3792, Institute of Labor Economics (IZA).
- Bas ter Weel & L. Borghans, 2009. "Understanding the technoloy of computer technology diffusion: explaining computer adoption patterns and implications for the wage structure," CPB Discussion Paper 117, CPB Netherlands Bureau for Economic Policy Analysis.
- Rode, Julian, 2010. "Truth and trust in communication: Experiments on the effect of a competitive context," Games and Economic Behavior, Elsevier, vol. 68(1), pages 325-338, January.
- Ferdinand Vieider, 2011.
"Separating real incentives and accountability,"
Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 507-518, November.
- Ferdinand M. Vieider, 2008. "Separating Real Incentives and Accountability," Tinbergen Institute Discussion Papers 08-055/1, Tinbergen Institute.
- Fiore, Annamaria, 2009. "Experimental Economics: Some Methodological Notes," MPRA Paper 12498, University Library of Munich, Germany.
- John Garvey & Martin Mullins, 2009. "An Examination of "New" and "Old" Terrorism Using High-Frequency Data," Economics of Security Working Paper Series 18, DIW Berlin, German Institute for Economic Research.
- Siddique Abu Bakkar, 2020. "Identity-based Earning Discrimination among Chinese People," IZA Journal of Development and Migration, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 11(1), pages 1-42, January.
- Dohmen, Thomas & Falk, Armin & Huffman, David & Marklein, Felix & Sunde, Uwe, 2009.
"Biased probability judgment: Evidence of incidence and relationship to economic outcomes from a representative sample,"
Journal of Economic Behavior & Organization, Elsevier, vol. 72(3), pages 903-915, December.
- Dohmen, Thomas & Falk, Armin & Huffman, David B. & Marklein, Felix & Sunde, Uwe, 2009. "Biased Probability Judgment: Evidence of Incidence and Relationship to Economic Outcomes from a Representative Sample," IZA Discussion Papers 4170, Institute of Labor Economics (IZA).
- Thomas Dohmen & Armin Falk & David Huffman & Felix Marklein & Uwe Sunde, 2009. "Biased Probability Judgment: Evidence of Incidence and Relationship to Economic Outcomes From a Representative Sample," Post-Print hal-00723191, HAL.
- Dohmen, Thomas J. & Falk, Armin & Huffman, David & Marklein, Felix & Sunde, Uwe, 2009. "Biased probability judgment: Evidence of incidence and relationship to economic outcomes from a representative sample," Munich Reprints in Economics 20042, University of Munich, Department of Economics.
- Rode, Julian, 2008. "Truth and trust in communication : experiments on the effect of a competitive context," Papers 08-04, Sonderforschungsbreich 504.
- Ohana, Marc, 2009. "La réciprocité sur le marché du travail : les limites du laboratoire," L'Actualité Economique, Société Canadienne de Science Economique, vol. 85(2), pages 239-256, juin.
- Noguera José A. & De Wispelaere Jurgen, 2006. "A Plea for the Use of Laboratory Experiments in Basic Income Research," Basic Income Studies, De Gruyter, vol. 1(2), pages 1-8, December.
- Bolle, Friedel & Kaehler, Jessica, 2007. "Experimenters' choices of trust experiments and their consequence for meta-studies," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(6), pages 865-874, December.
- Rode, Julian & Gómez-Baggethun, Erik & Krause, Torsten, 2015. "Motivation crowding by economic incentives in conservation policy: A review of the empirical evidence," Ecological Economics, Elsevier, vol. 117(C), pages 270-282.
- Read, Daniel & Airoldi, Mara & Loewe, G, 2005. "Intertemporal tradeoffs priced in interest rates and amounts: a study of method variance," LSE Research Online Documents on Economics 19823, London School of Economics and Political Science, LSE Library.
- Rode, Julian & Gómez-Baggethun, Erik & Krause, Torsten, 2013. "Economic incentives for biodiversity conservation: What is the evidence for motivation crowding?," UFZ Discussion Papers 19/2013, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
- Kausel, Edgar E. & Culbertson, Satoris S. & Madrid, Hector P., 2016. "Overconfidence in personnel selection: When and why unstructured interview information can hurt hiring decisions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 137(C), pages 27-44.
- Brendan Bo O’Connor & Karen Lee & Dylan Campbell & Liane Young, 2022. "Moral psychology from the lab to the wild: Relief registries as a paradigm for studying real-world altruism," PLOS ONE, Public Library of Science, vol. 17(6), pages 1-15, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:cup:judgdm:v:16:y:2021:i:6:p:1324-1369 is not listed on IDEAS
- Sudeep Bhatia & Graham Loomes & Daniel Read, 2021. "Establishing the laws of preferential choice behavior," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 16(6), pages 1324-1369, November.
- Víctor Alberto Pena & Alina Gómez-Mejía, 2019. "Effect of the anchoring and adjustment heuristic and optimism bias in stock market forecasts," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 11(2), pages 389-409, November.
- Dash, Saumya Ranjan & Maitra, Debasish, 2018. "Does sentiment matter for stock returns? Evidence from Indian stock market using wavelet approach," Finance Research Letters, Elsevier, vol. 26(C), pages 32-39.
- Lovric, M. & Kaymak, U. & Spronk, J., 2008. "A Conceptual Model of Investor Behavior," ERIM Report Series Research in Management ERS-2008-030-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
- Gerd Gigerenzer, 1997. "Bounded Rationality: Models of Fast and Frugal Inference," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 133(II), pages 201-218, June.
- Hamza Bahaji, 2011. "Incentives from stock option grants: a behavioral approach," Post-Print halshs-00681607, HAL.
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Zimper, Alexander, 2012. "Asset pricing in a Lucas fruit-tree economy with the best and worst in mind," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 610-628.
- S. Larsson & G. R. Chesley, 1986. "An analysis of the auditor's uncertainty about probabilities," Contemporary Accounting Research, John Wiley & Sons, vol. 2(2), pages 259-282, March.
- Vivien Lespagnol & Juliette Rouchier, 2015. "What Is the Impact of Heterogeneous Knowledge About Fundamentals on Market Liquidity and Efficiency: An ABM Approach," Lecture Notes in Economics and Mathematical Systems, in: Frédéric Amblard & Francisco J. Miguel & Adrien Blanchet & Benoit Gaudou (ed.), Advances in Artificial Economics, edition 127, pages 105-117, Springer.
- Jakusch, Sven Thorsten, 2017. "On the applicability of maximum likelihood methods: From experimental to financial data," SAFE Working Paper Series 148, Leibniz Institute for Financial Research SAFE, revised 2017.
- Zeeshan Ahmed & Shahid Rasool & Qasim Saleem & Mubashir Ali Khan & Shamsa Kanwal, 2022. "Mediating Role of Risk Perception Between Behavioral Biases and Investor’s Investment Decisions," SAGE Open, , vol. 12(2), pages 21582440221, May.
- Raquel M. Gaspar & Paulo M. Silva, 2023. "Investors’ perspective on portfolio insurance," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 22(1), pages 49-79, January.
- S Sakthivelu & K Karthikeyan, 2024. "Investors Decision making Behaviour in Insurance Investment Preference," ComFin Research, Shanlax Journals, vol. 12(4), pages 34-38, October.
- Cary Frydman & Nicholas Barberis & Colin Camerer & Peter Bossaerts & Antonio Rangel, 2014.
"Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility,"
Journal of Finance, American Finance Association, vol. 69(2), pages 907-946, April.
- Cary Frydman & Nicholas Barberis & Colin Camerer & Peter Bossaerts & Antonio Rangel, 2012. "Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility," NBER Working Papers 18562, National Bureau of Economic Research, Inc.
- Saul Estrin & Tomasz Mickiewicz & Anna Rebmann, 2017.
"Prospect theory and the effects of bankruptcy laws on entrepreneurial aspirations,"
Small Business Economics, Springer, vol. 48(4), pages 977-997, April.
- Estrin, Saul & Mickiewicz, Tomasz & Rebmann, Anna, 2017. "Prospect theory and the effects of bankruptcy laws on entrepreneurial aspirations," LSE Research Online Documents on Economics 68997, London School of Economics and Political Science, LSE Library.
- Borozan, Miloš & Loreta, Cannito & Riccardo, Palumbo, 2022. "Eye-tracking for the study of financial decision-making: A systematic review of the literature," Journal of Behavioral and Experimental Finance, Elsevier, vol. 35(C).
- Bruno S. Frey & Reiner Eichenberger, 1996. "Marriage Paradoxes," Rationality and Society, , vol. 8(2), pages 187-206, May.
- Daniel J. Benjamin & Sebastian A. Brown & Jesse M. Shapiro, 2013.
"Who Is ‘Behavioral’? Cognitive Ability And Anomalous Preferences,"
Journal of the European Economic Association, European Economic Association, vol. 11(6), pages 1231-1255, December.
- Daniel J. Benjamin & Sebastian A. Brown & Jesse M. Shapiro, 2006. "Who is “Behavioral”? Cognitive Ability and Anomalous Preferences," Levine's Working Paper Archive 122247000000001334, David K. Levine.
- Rick Harbaugh, 2005. "Prospect Theory or Skill Signaling?," Working Papers 2005-06, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
More about this item
Keywords
experiments; representative design; sampling;All these keywords.
JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jecmet:v:12:y:2005:i:2:p:253-263. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJEC20 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.