Prospect theory goes public: experimental evidence on cognitive biases in public policy and management decisions (Record no. 509532)

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fixed length control field 01512nam a2200169 4500
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fixed length control field 190513b ||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Belle, Nicola
245 ## - TITLE STATEMENT
Title Prospect theory goes public: experimental evidence on cognitive biases in public policy and management decisions
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Date of publication, distribution, etc 2018
300 ## - PHYSICAL DESCRIPTION
Extent p.828-840.
520 ## - SUMMARY, ETC.
Summary, etc This article tests a broad range of cognitive biases branching out from prospect theory in the context of public policy and management. Results illuminate systematic deviations from rationality. In experiments 1 through 5, the framing of outcomes influenced decisions across policy and management domains. In experiment 6, public employees were prone to an anchoring bias when setting standards for responsiveness. Experiment 7 shows that public workers tend to put more effort into activities that affect higher percentages of beneficiaries, even if the absolute number of affected clients is constant. Experiments 8 and 9 suggest that public employees are more likely to stick to a suboptimal status quo as the number of superior alternatives increases. Experiment 10 provides evidence of an asymmetric dominance effect: decisions changed when a decoy was present. This article contributes to behavioral public administration by replicating and extending previous trials. - Reproduced.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Public administration
9 (RLIN) 5486
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Belardinelli, Paolo
9 (RLIN) 5487
773 ## - HOST ITEM ENTRY
Main entry heading Public Administration Review
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
Subject DIP Public policy
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Source of classification or shelving scheme
Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2019-05-13 78(6), Nov/Dec, 2018: p.828-840. AR119692 2019-05-13 Articles

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