WP 2013-02 Dual Criteria Decisions

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Published in 2014 in Journal of Economic Psychology, Volume 41.

ABSTRACT. The most popular models of decision making use a single criterion to evaluate projects or lotteries. However, decision makers may actually consider multiple criteria when evaluating projects. We consider a dual criteria model from psychology. This model integrates the familiar… more »

WP 2010-05 Behavioral Econometrics for Psychologists

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Published in 2010 in Journal of Economic Psychology, Volume 31, Issue 4.

ABSTRACT. We make the case that psychologists should make wider use of econometric methods for the estimation of structural models. These methods involve the development of maximum likelihood estimates of models, where the likelihood function is tailored to the… more »