We revisit the sequential search problem by Hey (J Econ Behav Organ 8:137–144, <CitationRef CitationID="CR16">1987</CitationRef>). In a 2 <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$\times $$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mo>×</mo> </math> </EquationSource> </InlineEquation> 2 factorial design, varying fixed and random cost treatments with and without recall, we address open research questions that were originally stated by Hey (<CitationRef CitationID="CR16">1987</CitationRef>). Our results...</citationref></equationsource></equationsource></inlineequation></citationref>

This paper investigates the impact of participation in European scientific networks on the stock of knowledge and on economic growth. We use scientific links in FP programmes to weight foreign R&D in order to construct two different measures of foreign R&D spillovers and we assess their impact...

This paper presents a new theory, called Preference Cloud Theory, of decision-making under uncertainty. This new theory provides an explanation for empirically-observed Preference reversals. Central to the theory is the incorporation of preference imprecision which arises because of...

In many experiments, experimenters use the random lottery incentive mechanism and ask many questions to each subject. That is, at the end of the experiment, just one of the questions is picked at random, and the subject paid on the basis of their answer to this one question. The idea is that...

This paper reports on an experiment designed to test whether pairs of individuals are able to exploit ex ante efficiency gains in the sharing of a risky financial prospect. Observations from a previous experiment had suggested a general rejection of efficiency in favour of ex post equality. The...