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We study two dimensions of complexity that may interfere with individual choice. The first one is object complexity, which corresponds to the difficulty of evaluating any given alternative in the choice set. The second dimension is composition complexity, which increases when suboptimal...
Persistent link: https://www.econbiz.de/10013220224
We study two dimensions of complexity that may interfere with individual choice. The first one is object complexity, which corresponds to the difficulty in evaluating any given alternative in a choice set. The second dimension is composition complexity, which increases when suboptimal...
Persistent link: https://www.econbiz.de/10013216248
We study two dimensions of complexity that may interfere with individual choice. The first one is object complexity, which corresponds to the difficulty in evaluating any given alternative in a choice set. The second dimension is composition complexity, which increases when suboptimal...
Persistent link: https://www.econbiz.de/10012602341
We develop a model of satisficing with evaluation errors that incorporates complexity at the level of individual alternatives. We test the model predictions in a novel data set with information on hundreds of millions of chess moves by experienced players. Consistent with the theory, complex...
Persistent link: https://www.econbiz.de/10013191096