Behavioral Finance, Decumulation, and the Regulatory Strategy for Robo-Advice
In: In THE DISRUPTIVE IMPACT OF FINTECH ON RETIREMENT SYSTEMS (Julie Agnew & Olivia S. Mitchell eds., Oxford 2019)
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In: In THE DISRUPTIVE IMPACT OF FINTECH ON RETIREMENT SYSTEMS (Julie Agnew & Olivia S. Mitchell eds., Oxford 2019)
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In: Iowa Law Review, Band 103, S. 713
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In: Leisure sciences: an interdisciplinary journal, Band 25, Heft 1, S. 81-96
ISSN: 1521-0588
In: Netspar Discussion Paper No. 11/2011-099
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Working paper
In: Bounded Rational Choice Behaviour: Applications in Transport, S. 115-135
In: Environment and behavior: eb ; publ. in coop. with the Environmental Design Research Association, Band 40, Heft 6, S. 843-869
ISSN: 1552-390X
Based on mental model theory, we expect individuals to construct a mental representation of the system they interact with which tends to be a strong reduction of reality and is tailored to the specific situation and task at hand. Such reductions may be particularly significant in complex decision situations involved in local spatial choice behavior. In this article, we develop a method to model and measure mental representations of decision problems involving individual spatio-temporal choice behavior in different situations. The so-called CNET method consists of an interview protocol to elicit the structures at the individual level as a causal network. We test the proposed method in a case study involving 180 respondents and an experimental shopping-trip planning task. The results indicate that the method is an adequate way of eliciting mental representations. We show how the networks revealed can be used to model and simulate reasoning and decision-making processes.
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In: Leisure sciences: an interdisciplinary journal, Band 19, Heft 1, S. 31-58
ISSN: 1521-0588
In: ERIM Report Series Reference
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