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“Attempts to improve decision-making are unlikely to succeed without an understanding of how and why people currently … make choices. In this accessible and fascinating book, Konstantinos Katsikopoulos shows how mathematical models of decision … heuristic decision-making models, compares the models on various dimensions such as predictive power and transparency, and …
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In this thesis I present three essays in which the influence of heuristics on individual decision making is analyzed …’ decision can have on the disposition effect heuristic when they decide on behalf of others. In chapter three, the effect of the … prenatal androgen exposure on loss aversion, as an essential driver of heuristics in financial economics, is analyzed. In …
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consistent with widely-accepted dual process theories of cognition. Specifically, I suggest that political ignorance can be …
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This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The authors experimentally investigate the role of imitation when participants face a task which is costly in cognitive terms. In order to disentangle different choice dynamics, they...
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Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games. Under uncertainty about what others will do in...
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