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decision maker who does not consider the possibility of experiencing regret for choosing the default option. By contrast, the … choice problems. Our main finding is a behavioral characterization of an asymmetric regret representation that depicts a … value of ordinary alternatives is subject to regret. The calculus of regret for ordinary alternatives is identical to that …
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This article reviews recent developments in revealed preference theory. It discusses the testable implications of theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments, subjected expected utility and maxmin expected utility...
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When making choices, decision makers often either lack information about alternatives or lack the cognitive capacity to …
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Empirical evidence suggests that choices are affected by the amount of time available to the decision maker. Time … bargain to decide: the longer is the decision process, the higher is the bargaining power of the slow self when deciding. A …
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