Heuristic models have been proposed for many domains of choice. We compare heuristic models of intertemporal choice, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out-of-sample, cross-validated comparison of intertemporal choice...

Emotions may explain inconsistencies in human behavior and forms of behavior that some have deemed irrational, though such behavior may seem more sensible after a discussion of the functions that emotions serve—or may have once served in our evolutionary past. People do have the capacity to...

Psychologists have long recognized two kinds of learning: one that is relatively shallow and domain-specific; and another that is deeper, producing generalizable insights that transfer across domains. The game theory literature has only recently considered this distinction, and the conditions...

Although much research finds that ldquo;birds of a feather flock together,rdquo; the present research suggests that opposites tend to attract when it comes to certain spending tendencies. That is, ldquo;tightwads,rdquo; who generally spend less than they would ideally like to spend, and...