Search Results - subject:"Cognitive costs"

Rational inattention in games : experimental evidence

Almog, David; Martin, Daniel - In: Experimental economics : a journal of the Economic … 27 (2024) 4, pp. 715-742

Persistent link: https://www.econbiz.de/10015196625

Sulka, Tomasz - 2022

age. To formally analyse the interplay between planning and self-control, I introduce cognitive costs of formulating a …

Persistent link: https://www.econbiz.de/10013162010

Planning and saving for retirement

Sulka, Tomasz - 2022

age. To formally analyse the interplay between planning and self-control, I introduce cognitive costs of formulating a …

Persistent link: https://www.econbiz.de/10013161586

Behavioral sticky prices

Rebelo, Sérgio; Santana, Miguel; Teles, Pedro - 2024

We study a model where households make decisions according to a dual process framework widely used in cognitive psychology. System 1 uses effortless heuristics but is susceptible to biases and errors. System 2 uses mental effort to make more accurate decisions. Through their pricing behavior,...

Persistent link: https://www.econbiz.de/10014484360

Planning and saving for retirement

Sulka, Tomasz - In: European economic review : EER 160 (2023), pp. 1-13

Persistent link: https://www.econbiz.de/10014461466

Defaults and cognitive effort

Ortmann, Andreas; Ryvkin, Dmitry; Wilkening, Tom; … - In: Journal of economic behavior & organization : JEBO 212 (2023), pp. 1-19

Persistent link: https://www.econbiz.de/10014472073

The cognitive load of financing constraints : evidence from large scale wage surveys

Berson, Clémence; Lelarge, Claire; Lardeux, Raphaël - 2021

Persistent link: https://www.econbiz.de/10012617517

Social norms or low-cost heuristics? An experimental investigation of imitative behavior

Cicognani, Simona; Mittone, Luigi - 2014

This paper extends choice theory by allowing for the interaction between cognitive costs and social norms. The authors … authors present a laboratory experiment in which they model the choice of different alternatives through high or low cognitive … costs and feedback information given to subjects. Their results do not provide strong evidence for imitative behavior. They …

Persistent link: https://www.econbiz.de/10010329603

An inconsistency in using stock flow consistency in modelling the monetary profit paradox

de la Fonteijne, Marcel - 2014

In order to understand from where the profits or monetary profits of capitalists and firms emerge the author examined the phrase of Marx, 'Die Gesamtklasse der Kapitalisten kann nichts aus der Zirkulation herausziehen, was nicht vorher hineingeworfen war.' (The class of capitalists cannot...

Persistent link: https://www.econbiz.de/10010329605

Reason, Intuition, and Time

Sahm, Marco; von Weizsäcker, Robert K. - 2014

We study the influence of reason and intuition on decision making over time. Facing a sequence of similar problems, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision theory. Rational decisions are more precise but create...

Persistent link: https://www.econbiz.de/10010480864