can be incorporated into a standard utility framework, and demonstrate the potential interaction of beliefs and utility … der psychologischen Literatur über Empathie in ein Standardkonzept von ‚Nutzen‘ integriert werden können und demonstrieren … die potenzielle Interaktion von Erwartungen und Nutzen über den Weg der Empathie. …

I show theoretically that applying the model of Köszegi and Rabin (2006) to a simple purchasing decision where …

thereby distort optimal search. In addition, urgency may alter decision-making processes and thereby the salience of regret … systematic adjustments in search length. Urgency reduces decision times and perceived decision quality, but does not generally … alter search length. Only very inexperienced decision-makers buy earlier when pressured. Thus, consumer protection measures …

utility estimation and policy recommendations. The present paper derives a model of choice allowing analysts to control for …

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