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

discussions about regulation of automated decision-making. In an online experiment, we find that 66% of participants prefer … algorithmic to equally accurate human recommendations if the decision is delegated fully. This preference for algorithms increases … by further 7 percentage points if participants are able to monitor and adjust the recommendations before the decision is …

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 …

A popular argument for a federal minimum wage is that it will prevent in-work poverty and reduce income inequality. We …

We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades … distribution of annual earnings in Germany. We find that cross-sectional inequality rose until 2009 for men and women. After the … Great Recession inequality continued to rise at a slower rate for men and fell slightly for women due to compression at the …