remedy for these shortcomings by developing a dynamical model of procedurally rational decision making. The basic idea of the … model is a feedback loop between experienced utility, decision utility, and activities. In applications of the model, I show …

between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by …We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on …

Mainstream economists are reluctant to integrate features of bounded rationality into their behavioural assumptions … incentives for rational reasoning concerning their voting decision. The explanatory power of irrational behaviour is demonstrated … from full rationality and explain resistance against beneficial reforms even if there is full information. From this …

thereby distort optimal search. In addition, urgency may alter decision-making processes and thereby the salience of regret … interaction on search behavior in a pre-registered, theory-based, and well-powered experiment. Empirically, we and that … systematic adjustments in search length. Urgency reduces decision times and perceived decision quality, but does not generally …