We study two dimensions of complexity that may interfere with individual choice. The first one is object complexity …, which corresponds to the difficulty in evaluating any given alternative in a choice set. The second dimension is composition …-with-evaluation-errors theory that incorporates both dimensions and delivers sharp empirical predictions about their effect on choice behavior. We …

We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is … choice context. …

concerning the choice between two real effort tasks. We also elicit for each participant her change in beliefs about the … keep control if they - irrationally - believe that they can increase the probability of getting their preferred task by … keeping control. We thus document that illusion of control exists in a controlled environment with monetary incentives, and …

social context affected risk-taking behavior. Remotely, pairs take far fewer risks when the stakes are high than in the flesh …

We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true …

conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors …

The hypothesis of non-satiation of rational choice theory is very seldom posed under scrutiny, maybe because it is …

salient perturbations, we propose a strategic foundation of overconfidence. Since overconfident statements are used in …

, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product …-related torts when consumers are heterogeneously overconfident about the risk of harm. We elucidate the role of factors shaping the … exclusive use of either mode of social control of torts. …