preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly … almost half of our subjects. Among those, roughly 24%are rational expected utility maximizers, 24% make occasional mistakes …

deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a …We propose a new measure of deviations from expected utility, given data on economic choices under risk and uncertainty … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …

A general framework is described specifying how boundedly rational decision makers generate their choices. Starting … decision routines (by applying New Problem Solver). Our admittedly bold attempt is loosely related to some stylized …

We formulate a general theory of preferences over outcome-time-probability triplets and decompose uncertainty into risk … general discounted utility model which encompasses the main empirically supported discounted utility models. We show that our … axioms on preferences are satisfied in our general discounted utility model. Finally, we discuss the various explanations of …

-with-evaluation-errors theory that incorporates both dimensions and delivers sharp empirical predictions about their effect on choice behavior. We …. Second, even highly experienced decision-makers are more likely to make mistakes when choosing from sets with higher …

, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision …We study the influence of reason and intuition on decision making over time. Facing a sequence of similar problems … theory. Rational decisions are more precise but create higher costs, though these costs may decrease over time. We find that …