constructed-choice model for general decision making. The model departs from utility theory and prospect theory in its treatment … context on goals, resources, plans and decision rules. The paper concludes by suggesting some prescriptions for improving … individual decision making with respect to protective measures …

This paper concerns the prescriptive function of decision analysis. I suppose that an agent must choose an action …. Hence, I reason that prescriptions for decision making should respect actuality. That is, they should promote welfare … maximization in the choice problem the agent actually faces. I conclude that any decision rule respecting weak and stochastic …

We present a theory of choice among lotteries in which the decision maker's attention is drawn to (precisely defined …) salient payoffs. This leads the decision maker to a context-dependent representation of lotteries in which true probabilities … are replaced by decision weights distorted in favor of salient payoffs. By endogenizing decision weights as a function of …

This paper focuses on Social Security benefit claiming behavior, a take-up decision that has been ignored in the …

explain a set of behavioral anomalies identified across four distinct domains of decision-making: choice under risk, choice …