That is, the firm's optimal layoff decision can be explained as follows: when the output price is high enough to satisfy p 2 > 2 ( U − C ), γ∗(p2)=0 holds; that is, no workers will be laid off.
Furthermore, although submission to peers can lead to occasional cascades of incorrect decisions, these can be explained as a byproduct of what is usually accurate consensus decision making.
Providing confirmation of this idea, multiple studies have found that human SAT in a variety of decision tasks can be explained by changes in decision bound (Reddi and Carpenter, 2000; Reddi et al., 2003; Palmer et al., 2005).
We provide the first empirical evidence that physicians' decision-making can be explained by the threshold model.
The null ML model was an improvement in the null single-level model (change in −2LL=294.9−290.7, χ(1)=4.2, p<0.05), with a variance partition coefficient of 0.1 indicating that 10% of the variation in decision conflict scores can be explained by the PCT to which the respondent belongs.
The experiment investigated the extent to which risky street-crossing decisions by older pedestrians can be explained by declines in functional abilities.
We argue that limited economic impact and existing inequities in decision-making and outcomes can be explained by problems of institutional design, in particular the inability of markets and payments for ecosystem services to account for context-related factors, such as property rights.
Thus, individual differences in decision-making and its neural correlates can be explained partly by differences in trait personality.
But most of the difference can be explained by the decisions of the court led by Chief Justice Earl Warren, from 1953 to 1969, a famously liberal court that ruled in favor of free speech 69 percent of the time.
