Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …

This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new … informally suggested that firms undertake errors in experimental choice (in particular, choosing experiments that involved biased … signals). It is shown that firms will generically choose biased over unbiased experiments even when there are no differences …

School choice may allow schools to impede access to students perceived as costlier to educate. To test this, we sent … emails from fictitious parents to 6,452 charter schools and traditional public schools subject to school choice in 29 states …

electricity plan choice. Consumers were offered socially efficient dynamic pricing with randomly assigned take-up incentives. We …

Insurance product choice is a central feature of health insurance markets in the United States, yet there is ongoing … concern over whether consumers choose appropriately in such markets - and little evidence on solutions to any choice … document large choice inconsistencies, with the typical employee foregoing savings of more than $600 in their insurance plan …

conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors …