Browsing Administrative Staff Authors by Subject "Decision-making biases"

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  • Are Consumer Decision-Making Phenomena a Fourth Market Failure? 

    LUNN, PETE (ESRI, 2013-04-30)
    This paper challenges the increasingly common view that the findings of behavioural economics constitute a fourth type of market failure. The market failure framework elevates the standard competitive market model to the ...

  • The Role of Decision-Making Biases in Ireland's Banking Crisis 

    LUNN, PETE (ESRI, 2011-05-19)
    This paper considers Ireland's banking crisis from the perspective of behavioural economics. It assesses whether known biases in judgement and decision-making were instrumental in the development and severity of the crisis. ...