controlled laboratory experiment. Participants make consecutive insurance choices based on choice sets that vary in composition …

of unknown goods will find it optimal at some point to become variety averse. To test this hypothesis, an experiment is … rationality ; decision making ; laboratory experiment. …

order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …

data from a controlled laboratory experiment. Within the experiment, participants make consecutive insurance choices based …

We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for … make no distributional assumptions about the quality of the alternatives. Rather, at each stage of the search the consumers …. Our study departs from previous experimental investigations of the secretary problem by including search costs and …

We conduct a lottery experiment to assess the predictive importance of simple choice process metrics (SCPMs) in … both decrease as the experiment progresses. Moreover, our findings highlight the importance of accounting for previous …

We study sequential search without priors. Our interest lies in decision rules that are close to being optimal under … each prior and after each history. We call these rules robust. The search literature employs optimal rules based on cutoff …

We model fairness within the context of search. To do this, consider sequential search where the searcher is uncertain … by non-merit characteristics or by the order in which they are interviewed. We find that search is fair if and only if it … comes at a relatively small cost. The optimal unrestricted search has less than twice the value of the optimal fair search …

within a particular range. We test the hypotheses in a lab experiment with a large number of subjects (N = 308), using a well …