We use a choice experiment on gasoline consumers to investigate whether respondents exhibit limited attention to the … way different costs enter their search decision. The search cost is a function of the amount of gasoline consumed while …

This chapter focuses on the role of basic thinking processes in everyday economic decision making …

In confidence theory, the decision maker relies on statistical regularities from the economic environment to adopt … prior in Bayesian inference is proportional to the uncertainty related to its distribution, the decision maker arrives at … revised stated probabilities that were used in the evaluation of certainty equivalents. The decision model employed in …

behavior and whether they search for or avoid these trade-offs. Overall, participants in the experiment exhibit very little …