preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under …

expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive …

concerning behavior in decision trees. Following Cubitt (1996) , these principles include dynamic consistency, separability, and … subtrees as well as entire decision trees. Examples of behavior violating these principles are also reviewed, as are possible …

The standard, Bayesian account of rational belief and decision is often argued to be unable to cope properly with … replace it as a guide for rational decision making. It defends a recent proposal, which reserves a role for the decision maker … main fronts typically evoked as relevant for rational belief and decision. It fares particularly well, we argue, in …

We study the influence of reason and intuition on decision making over time. Facing a sequence of similar problems …, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision …

Behavioral economics characterizes decision-makers using psychologically-informed models. Cognitive science produces …

, such as decision under Knightian uncertainty, the dynamics of economic (in)stability, and the voters’ preferences over …