preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly … almost half of our subjects. Among those, roughly 24%are rational expected utility maximizers, 24% make occasional mistakes …

prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in … posteriors lead to larger utility than the prior. In choosing her belief, the agent optimally trades off these psychological … are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

general discounted utility model which encompasses the main empirically supported discounted utility models. We show that our … axioms on preferences are satisfied in our general discounted utility model. Finally, we discuss the various explanations of …

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

function of the group.s wealth level, or equivalently, that the representative agent has a state-dependent utility function. We …

We formulate a simple quantum decision model of the Ellsberg paradox. We report the results of an experiment we …

In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …