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Multiple attribute search is a central feature of economic life: we consider much more than price when purchasing a home, and more than wage when choosing a job. Search behavior in these environments has recently been found to deviate systematically and substantially from optimal sequential...
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University of Minnesota Ph.D. dissertation. August 2009. Major: Economics. Advisor: Aldo Rustichini. 1 computer file (PDF);viii, 104 pages, appendices A-C.
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In his book from the early 1800s, Essai Philosophique sur les Probabilités, the mathematician Pierre-Simon de Laplace anticipated many ideas developed in the 1970s in cognitive psychology and behavioral economics, explaining human tendencies to deviate from norms of rationality in the presence...
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