Framing effects and the market selection hypothesis: Evidence from real‐world isomorphic bets

2021 ◽  
Author(s):  
Alasdair Brown ◽  
Fuyu Yang
Keyword(s):  
Real World ◽  
Framing Effects ◽  
Market Selection ◽  
Selection Hypothesis ◽  
Market Selection Hypothesis

scholarly journals Market selection in large economies: A matter of luck

2019 ◽  
Vol 14 (2) ◽  
pp. 437-473 ◽  
Author(s):  
Filippo Massari
Keyword(s):  
General Equilibrium ◽  
Equilibrium Model ◽  
General Equilibrium Model ◽  
Clear Distinction ◽  
Risk Attitudes ◽  
Market Selection ◽  
Selection Hypothesis ◽  
Market Selection Hypothesis ◽  
Long Run

In a general equilibrium model with a continuum of traders and bounded aggregate endowment, I investigate the market selection hypothesis that markets favor traders with accurate beliefs. Contrary to known results for economies with (only) finitely many traders, I find that risk attitudes affect traders' survival and that markets can favor “lucky” traders with incorrect beliefs over “skilled” traders with accurate beliefs. My model allows for a clear distinction between luck and skills, and it shows that market selection forces induce efficient prices even when accurate traders do not survive in the long run.

Defending Discontinuity

2020 ◽  
pp. 102-133
Author(s):  
Jonathan Gilmore
Keyword(s):  
Experimental Study ◽  
Real World ◽  
Moral Character ◽  
Framing Effects ◽  
Prima Facie ◽  
The Real ◽  
Works Of Art ◽  
Continuity And Discontinuity

This chapter introduces and diagnoses the inadequacy of two prima facie plausible, but ultimately inadequate, arguments for the discontinuity thesis based on framing effects. The chapter then develops and defends a more powerful argument in discontinuity’s favor based on the functions of fictions. The chapter also looks at what turns on the debate between continuity and discontinuity, i.e., what consequences its resolution on the side of discontinuity has for the experimental study of the emotions; the role of responses to works of art as evidence of moral character; and the putatively edifying value of engaging with fictions in educating and refining attitudes about the real world.

Eigensolutions of Partially Reliable Decision Preferences Described by Matrices of Z-Numbers

2020 ◽  
Vol 19 (06) ◽  
pp. 1429-1450
Author(s):  
Rafik A. Aliev ◽  
Witold Pedrycz ◽  
Oleg H. Huseynov ◽  
Rafig R. Aliyev
Keyword(s):  
Real World ◽  
Solution Method ◽  
Foreign Market ◽  
Eigenvalues And Eigenvectors ◽  
Market Selection ◽  
Numerical Examples ◽  
Probabilistic Information ◽  
Eigenvalue And Eigenvector ◽  
Formal Statement ◽  
Real World Problems

Eigenvalues and eigenvectors are widely used in various applications. Particularly, these concepts underlie analysis of consistency of a decision maker’s (DMs) preference knowledge. In real-world problems, DMs knowledge is inherently associated with imprecision and partial reliability. This involves combination of fuzzy and probabilistic information. The concept of a Z-number is a formal construct to describe such kind of information. In this study, we formulate the concepts of Z-number valued eigenvalue and eigenvector for matrices components of which are Z-numbers. A formal statement of the problem and a solution method for computation of Z-number valued eigensolutions are proposed. Numerical examples and an application devoted to foreign market selection problem are provided to show the usefulness of the proposed approach.

Replications can cause distorted belief in scientific progress

2018 ◽  
Vol 41 ◽  
Author(s):  
Michał Białek
Keyword(s):  
Real World ◽  
Scientific Progress ◽  
The Public ◽  
Psychological Science

AbstractIf we want psychological science to have a meaningful real-world impact, it has to be trusted by the public. Scientific progress is noisy; accordingly, replications sometimes fail even for true findings. We need to communicate the acceptability of uncertainty to the public and our peers, to prevent psychology from being perceived as having nothing to say about reality.

Current Issues: Evidence-Based Practice for the Real World: Thoughts on Clinical Education in Communication Disorders

2010 ◽  
Vol 20 (3) ◽  
pp. 100-105 ◽  
Author(s):  
Anne K. Bothe
Keyword(s):  
Clinical Education ◽  
Real World ◽  
Evidence Based Practice ◽  
Communication Disorders ◽  
University Faculty ◽  
Evidence Based ◽  
Speech Language Pathology ◽  
Basic Principles ◽  
The Real ◽  
Language Pathology

This article presents some streamlined and intentionally oversimplified ideas about educating future communication disorders professionals to use some of the most basic principles of evidence-based practice. Working from a popular five-step approach, modifications are suggested that may make the ideas more accessible, and therefore more useful, for university faculty, other supervisors, and future professionals in speech-language pathology, audiology, and related fields.

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