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behavioral economics

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Model Perspective
Model Perspective
Apr 22, 2025 · Artificial Intelligence

What Are Herbert Simon’s Four Decision-Making Models and Why They Matter

The article reviews Herbert Simon’s four influential decision‑making models—Subjective Expected Utility, Behavioral, Intuitive, and Darwinian—explaining their key features, applications, and limitations, and shows how they illuminate rational and adaptive choices in economics, psychology, and organizational behavior.

Artificial IntelligenceBounded RationalityDarwinian Model
0 likes · 9 min read
What Are Herbert Simon’s Four Decision-Making Models and Why They Matter
Model Perspective
Model Perspective
Apr 21, 2025 · Fundamentals

Can Game Theory Design Better Domestic Violence Intervention Mechanisms?

This reflective essay explores a Shanghai mathematics modeling competition problem on designing domestic‑violence intervention mechanisms from a law‑economics perspective, outlines the three‑level objectives, suggests game‑theoretic and behavioral‑economic methods, shares striking global statistics, and discusses how such modeling nurtures critical, compassionate social scientists.

behavioral economicsdomestic violencegame theory
0 likes · 8 min read
Can Game Theory Design Better Domestic Violence Intervention Mechanisms?
Model Perspective
Model Perspective
Apr 19, 2025 · Fundamentals

How Kahneman’s Final Decision Sheds Light on Human Rationality Limits

Daniel Kahneman, Nobel laureate and father of behavioral economics, chose assisted dying in March 2024, a personal decision that underscores his lifelong insights into human irrationality, as his prospect theory and dual‑system model continue to shape economics, psychology, AI, and decision‑making across fields.

Prospect Theorybehavioral economicscognitive bias
0 likes · 13 min read
How Kahneman’s Final Decision Sheds Light on Human Rationality Limits
Model Perspective
Model Perspective
Dec 31, 2024 · Fundamentals

Why Promises Fail: The Psychology of Procrastination and Hyper‑Discounting

The article explores why students (and people in general) repeatedly break promises to complete tasks, linking the phenomenon to time‑inconsistent preferences, hyperbolic discounting, and multi‑task competition that favor immediate rewards over delayed, higher‑value goals.

behavioral economicshyperbolic discountingprocrastination
0 likes · 7 min read
Why Promises Fail: The Psychology of Procrastination and Hyper‑Discounting
Model Perspective
Model Perspective
Oct 31, 2024 · Fundamentals

Why Opportunity Cost Is the Hidden Driver Behind Every Choice

The article explains how opportunity cost—defined as the foregone benefit of the next best alternative—guides decisions in investing, work, and daily life, illustrating its impact with simple calculations, personal examples, and timeless quotes to help readers recognize trade‑offs.

behavioral economicsdecision makingeconomics
0 likes · 3 min read
Why Opportunity Cost Is the Hidden Driver Behind Every Choice
Model Perspective
Model Perspective
Dec 4, 2023 · Artificial Intelligence

What Do 2023’s Top Buzzwords Reveal About Tech, Society, and the Economy?

This article decodes the 2023 top ten Chinese buzzwords, linking terms like new‑quality productivity, AI large models, and social‑capital concepts to underlying technological innovation, economic growth theories, social network analysis, and behavioral economics, offering insights into contemporary socio‑economic transformation.

Artificial IntelligenceEconomic GrowthSocial Trends
0 likes · 7 min read
What Do 2023’s Top Buzzwords Reveal About Tech, Society, and the Economy?
Model Perspective
Model Perspective
Oct 6, 2023 · Fundamentals

Why We Irrationally Choose: Unpacking Prospect Theory’s Value & Weight Functions

This article explains Prospect Theory, detailing its value and weight functions, how they model loss aversion and probability distortion, and compares the theory with traditional expected utility through an investment decision example and illustrative graphs.

Prospect Theorybehavioral economicsdecision making
0 likes · 11 min read
Why We Irrationally Choose: Unpacking Prospect Theory’s Value & Weight Functions
Meiyou UED
Meiyou UED
Dec 7, 2020 · Product Management

How Design Psychology Supercharges User Experience: 5 Powerful Tactics

This article explores how design psychology principles—such as contrast, value transmission, reciprocity, loss aversion, social proof, and the Aha moment—can be applied to product experience design, offering concrete case studies and practical tips to guide, delight, and retain users.

behavioral economicsdesign psychologyhuman‑centered design
0 likes · 15 min read
How Design Psychology Supercharges User Experience: 5 Powerful Tactics
Didi Tech
Didi Tech
May 9, 2019 · Artificial Intelligence

Weber-Fechner Law, Prospect Theory, and Their Data Science Applications

The article explains the Weber‑Fechner law and its role in Prospect Theory, then shows how Didi applies these concepts—using a log‑linear order‑distance model and reference‑point‑based strategy evaluation—to reduce cancellations, improve driver perception, and guide data‑driven product decisions.

DidiProspect TheoryPsychophysics
0 likes · 9 min read
Weber-Fechner Law, Prospect Theory, and Their Data Science Applications