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

result from judgments based on imprecise (and noisy) mental representations of the decision situation. In this model, risk … aversion results from a sort of perceptual bias--but one that represents an optimal decision rule, given the limitations of the … lotteries, based on other evidence regarding numerical cognition, and test its ability to explain the choice frequencies that we …

. This study also presents empirical evidence from a laboratory experiment in which students at a selective college were …

This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that …

observable exogenous causes. We explore an alternative approach that generates predictions based on relationships across decision … experiment, we find that this method yields accurate estimates of price sensitivities for a collection of products under …

Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately …

experiences ("use-dependent brain"). I show that experience effects help understand belief formation and decision-making in a wide … that experience-based learning is broadly applicable to economic decision-making and discuss topics for future research in …

experiment in which 97,678 adults from a wide range of fields and ages were invited to join a product development opportunity …