cycles. The decision to buy or rent a durable, financially significant asset is a difficult one for both experts and amateurs … model can encompass all uncertainties revolving around the decision-making. Aiming at offering a practical tool, we propose …

the model’s implications for optimal decision-making. This practice ignores model ambiguity, exposes the decision problem … to misspecification, and ultimately leads to post-decision disappointment. Using statistical decision theory, we develop … a framework to explore, evaluate, and optimize robust decision rules that explicitly account for estimation uncertainty …

objective facts. A political decision involving both idiosyncratic preferences and scientific knowledge is considered. Voters …

We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision …-making traits are strong and robust determinants of risk taking: a more intuitive trait is associated with more risk taking, while a …

This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of …

Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time … to cope with time pressure varies significantly across decision makers, leading to selected subgroups that differ in … jointly predict individuals' decision quality and ability to keep their decision strategy under time pressure. …