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Limited attention in case-based belief formations

Bleile, Jörg - 2014

An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...

Persistent link: https://www.econbiz.de/10010403098

The two faces of independence : betweenness and homotheticity

Burghart, Daniel R.; Epper, Thomas; Fehr, Ernst - 2014

revealed preference experiment, and without making any parametric assumptions, we show that 1/3 of participants belong in the …

Persistent link: https://www.econbiz.de/10010430733

Choice certainty, consistency, and monotonicity in discrete choice experiments

Mattmann, Matteo; Logar, Ivana; Brouwer, Roy - In: Journal of environmental economics and policy 8 (2019) 2, pp. 109-127

Persistent link: https://www.econbiz.de/10012174427

Identifying nontransitive preferences

Alós-Ferrer, Carlos; Fehr, Ernst; Garagnani, Michele - 2022 - This version: July 2nd, 2022

pose little problem as long as they are simply a result of somewhat-noisy decision making and not a reflection of the …

Persistent link: https://www.econbiz.de/10013277067

Consumer power and choice deferral : the role of anticipated regret

Mourali, Mehdi; Yang, Zhiyong; Pons, Frank; Hassay, Derek - In: International journal of research in marketing : IJRM ; … 35 (2018) 1, pp. 81-99

Persistent link: https://www.econbiz.de/10011816968

Quantum type indeterminacy in dynamic decision-making : self-control through identity management

Lambert-Mogiliansky, Ariane; Busemeyer, Jerome R. - In: Games 3 (2012) 2, pp. 97-118

constructive preference perspective suggested by Kahneman and Tversky. In a dynamic decision context, type indeterminacy induces a …

Persistent link: https://www.econbiz.de/10009752851

Over-confidence and low-cost heuristics : an experimental investigation of choice behavior

Cicognani, Simona; Mittone, Luigi - 2014

order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …

Persistent link: https://www.econbiz.de/10010425055

Asymmetric dominance, deferral, and status quo bias in a behavioral model of choice

Gerasimou, Georgios - In: Theory and decision : an international journal for … 80 (2016) 2, pp. 295-312

Persistent link: https://www.econbiz.de/10011593683

The Complexity of Economic Decisions

Gabaix, Xavier; Graeber, Thomas Wilhelm - National Bureau of Economic Research - 2024

on the optimal action dominates. Higher complexity generates larger decision errors and behavioral attenuation to …-guided experimental methodology for measuring subjective perceptions of complexity that is simple and portable. A series of experiments … test and confirm the central predictions of our model for perceptions of complexity, behavioral attenuation, and decision …

Persistent link: https://www.econbiz.de/10015145060

Market experience is a reference point in judgments of fairness

Herz, Holger; Taubinsky, Dmitry - 2013

People's desire for fair transactions can play an important role in negotiations, organizations, and markets. In this paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally-applicable model of path-dependent fairness...

Persistent link: https://www.econbiz.de/10009774351