We explore the role of memory for choice behavior in unfamiliar environments. Using a unique data set, we document that decision makers exhibit a "memory premium." They tend to choose in-memory alternatives over out-of-memory ones, even when the latter are objectively better. Consistent with...

The Multiple Streams Framework (MSF) builds on the concepts of timing and ambiguity and their effects on the policy process. Since its introduction to agenda-setting in the U.S. presidential system, scholars have transferred the MSF’s core ideas to multiple issue areas, policy stages, and...

Risk managers as corporate stewards are important gatekeepers in enterprises and they are essential to managing risks. Relatedly, a more accurate evaluation of the risk factors allows a well-founded decision-making process and reduces the number of surprising situations that could occur...

This Element presents an analytical model for assessing the success or failure of innovative large-scale defence projects. To achieve this goal, it constructs a theoretical model based on a three-angle analysis: the International System, the innovative potential, and the domestic political...

We explore the role of memory for choice behavior in unfamiliar environments. Using a unique data set, we document that decision makers exhibit a "memory premium." They tend to choose in-memory alternatives over out-of-memory ones, even when the latter are objectively better. Consistent with...