, they are either unable or very limited in describing labor productivity or multitasking although individuals frequently … 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 …

-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …

Behavioral economics has so far largely avoided discussing the psychological origins of preferences, as well as their … of needs strengthens economic models, by developing a decision-making framework for well-being assessment and choice …