no action at a decision point. Consumers may face automatic renewal, automatic switching, or non-purchase defaults …

revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in …

allocations is not rejected in models that allow more than two household members to have agency in decision-making. In contrast … decision-making within complex households.Institutional subscribers to the NBER working paper series, and residents of …

We examine how 17 behavioral biases relate to each other, to other decision inputs, and to decision outputs. Most … personality traits—with some expected exceptions. Accounting for this correlation structure, we reduce our 29 decision inputs to … this taxonomy for various approaches to modeling influences of behavioral biases on decision making …

errors in decision making are inevitable. Moreover, under the appropriate conditions, these decisions are random conditional … situations than would be possible with randomized control trials. This point is illustrated with data from medical decision …