Outputs (4)

Cognitive stress and learning economic order quantity inventory management: An experimental investigation (2022)
Journal Article
Pan, J., Shachat, J., & Wei, S. (2022). Cognitive stress and learning economic order quantity inventory management: An experimental investigation. Decision Analysis, 19(3), 229-254. https://doi.org/10.1287/deca.2022.0450

We use laboratory experiments to evaluate the effects of cognitive stress on inventory management decisions in a finite horizon economic order quantity (EOQ) model. We manipulate two sources of cognitive stress. First, we vary individuals’ participat... Read More about Cognitive stress and learning economic order quantity inventory management: An experimental investigation.

Cognitive reflection and economic order quantity inventory management: An experimental investigation (2020)
Journal Article
Pan, J., Shachat, J., & Wei, S. (2020). Cognitive reflection and economic order quantity inventory management: An experimental investigation. Managerial and Decision Economics, 41(6), 998-1009. https://doi.org/10.1002/mde.3154

We use laboratory experiments to evaluate the effects of individuals' cognitive abilities on their behavior in a finite horizon economic order quantity model. Participants' abilities to balance intuitive judgment with cognitive deliberations are meas... Read More about Cognitive reflection and economic order quantity inventory management: An experimental investigation.

Delayed Probabilistic Risk Attitude: A Parametric Approach (2019)
Journal Article
Pan, J., Webb, C., & Zank, H. (2019). Delayed Probabilistic Risk Attitude: A Parametric Approach. Theory and Decision, 87(2), 201-232. https://doi.org/10.1007/s11238-019-09712-9

Experimental studies suggest that individuals exhibit more risk aversion in choices among prospects when the payment and resolution of uncertainty are immediate relative to when it is delayed. This leads to preference reversals that cannot be attribu... Read More about Delayed Probabilistic Risk Attitude: A Parametric Approach.

An Extension of Quasi-hyperbolic Discounting to Continuous Time (2014)
Journal Article
Pan, J., Webb, C., & Zank, H. (2015). An Extension of Quasi-hyperbolic Discounting to Continuous Time. Games and Economic Behavior, 89, 43-55. https://doi.org/10.1016/j.geb.2014.11.003

Two-Stage Exponential (TSE) discounting, the model developed here, generalises exponential discounting in a parsimonious way. It can be seen as an extension of Quasi-Hyperbolic discounting to continuous time. A TSE discounter has a constant rate of t... Read More about An Extension of Quasi-hyperbolic Discounting to Continuous Time.