when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …

the decision maker’s prior information to differ across choices. In this paper, I solve the RI-logit model analytically …, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i …

In an experiment that elicits subjects’ willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …

and decision time. Overall, the data show that more people follow the default if the nudge is made transparent. More … importantly, though, effects of transparency differ depending on whether people are fast or slow in their decision making. In … particular, (only) slow decision makers react more positively (keeping the default) if nudging is made transparent. Moreover, the …

also on the decisions of others. In the present article, we review the literature on decision making made by groups of the …

Two non-transitive theories to model decision making under risk are regret theory (Loomes and Sugden, 1982, 1987) and …