We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

, 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 …

can generate systematic biases in revealed preference measures such as spurious risk aversion. These effects are very …

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 …

In prosocial decisions, decision-makers are inherently uncertain about how their decisions impact others’ utility – we …

decision maker's prior information to be asymmetric across choices. In this paper, I solve the RI-logit model analytically for …, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i … of risk-averse investors who select risky projects in an environment characterized by epistemic uncertainty (risk …