-bidding regulation could be appropriate. We study the unobserved heterogeneity of employees and use a quadratic-inlogs, finite …

. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in … choices reveal preferences without assumptions on the structure of utility noise. Sharper results are obtained if the analysis … conclude by showing that standard random utility models from economics and standard drift-diffusion models from psychology …

We formulate a general theory of preferences over outcome-time-probability triplets and decompose uncertainty into risk … 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 …

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 …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

. This may lead to exaggerated conservatism in the voting decision (status quo bias). To investigate how complexity affects …

Robust decision making implies welfare costs or robustness premia when the approximating model is the true data … from the robust decision maker's ability to reduce the effects of model misspecification through allocating time and …