We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …

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

Does removing the constraints of time and place of work increase the utility of workers and firms? We design a …

The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …

This paper studies experimentally when and how ideological motives shape group decision-making outcomes. Groups …

This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …

This paper studies the relevance of cognitive uncertainty – subjective uncertainty over one’s utility-maximizing action … 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 …

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 …