In this paper I consider a complex decision problem where subjects have to cope with a time horizon of uncertain … economic theory suggests to solve the decision problem. But since real decision makers can hardly be expected to behave …

This article investigates whether decision makers intuitively optimize close to the normative prediction in … entrepreneurial decision situations where their time must be allocated between a wage job and a newly formed venture. We offer an … with systematic deviations that are consistent with well-known decision anomalies. Risk propensity is found to have an …

This note contributes to the discussion of decision problems with imperfect recall from an empirical point of view. We …

The general framework of decision emergence (Güth, 2000a) is applied to the specific decision task of a proposer in …. This illustrates the applicability of the general framework of boundedly rational decision emergence. …

Deriving advice that can in fact be utilized by boundedly rational decision makers is a central function of modeling …