This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following …-off there is an optimal number of goods that the decision maker wants to analyze before making his final choice. The choice of … with good consumer service can be a signal for high quality of the store. -- Decision making ; Bounded rationality ; Choice …

choice datasets have information on attribute values that vary across decision problems. This paper uses attribute variation …

Experiments on revealed preference often use budget sets for participants that are randomly and independently drawn …

Experiments on revealed preference often use budget sets that are randomly and independently drawn according to some …

laboratory experiment. -- Afriat’s theorem ; deterministic preferences ; decisions under risk ; experimental economcics …

laboratory experiment …

the experiment. Hence for so-called induced budget experiments the Generalized Axiom of Revealed Preference is a necessary … and sufficient condition for utility maximization in general, not just in the lab. Lab experiments are therefore a valid …

measure of present bias predicts present-biased choice behavior in incentive-compatible experiments and real-world outcomes … monetary payoffs in an incentive-compatible experiment, but not between payoffs at two future points in time. Third, the survey …