Limited memory capacity, retrieval constraints and anchoring are central to expectation formation processes. We develop … stochastic state variable. Retrieval of these experiences is probabilistic and subject to error. We apply the model to scheduling … choices of commuters and demonstrate that memory constraints lead to sub-optimal choices. We analytically and numerically show …

Limited memory capacity, retrieval constraints and anchoring are central to expectation formation processes. We develop … stochastic state variable. Retrieval of these experiences is probabilistic and subject to error. We apply the model to scheduling … choices of commuters and demonstrate that memory constraints lead to sub-optimal choices. We analytically and numerically show …

time cost, scheduling cost and the cost of missing a flight. In this model, the value of reliability for air travelers is …

time cost, scheduling cost and the cost of missing a flight. In this model, the value of reliability for air travelers is …

into account travel time cost, scheduling cost and the cost of missing a flight. In this model, the value of reliability …

time cost, scheduling cost and the cost of missing a flight. In this model, the value of reliability for air travelers is …

motivated memory, such that procrastination may persist even if uncertainty is eventually resolved. …