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  <titleInfo>
    <title>Prospect theory goes public: experimental evidence on cognitive biases in public policy and management decisions</title>
  </titleInfo>
  <name type="personal">
    <namePart>Belle, Nicola</namePart>
    <role>
      <roleTerm authority="marcrelator" type="text">creator</roleTerm>
    </role>
  </name>
  <name type="personal">
    <namePart>Belardinelli, Paolo</namePart>
  </name>
  <typeOfResource>text</typeOfResource>
  <originInfo>
    <dateIssued>2018</dateIssued>
    <issuance>monographic</issuance>
  </originInfo>
  <language>
    <languageTerm authority="iso639-2b" type="code">eng</languageTerm>
  </language>
  <physicalDescription>
    <form authority="marcform">print</form>
    <extent>p.828-840.</extent>
  </physicalDescription>
  <abstract>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.</abstract>
  <subject>
    <topic>Public administration</topic>
  </subject>
  <relatedItem type="host">
    <name>
      <namePart>Public Administration Review</namePart>
    </name>
  </relatedItem>
  <recordInfo>
    <recordCreationDate encoding="marc">190513</recordCreationDate>
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