Biases theory of Kahneman and Tversky. It is proposed that Gigerenzer's work can be both thematically and chronologically …. Behind the debate, it is argued, lies a fundamental different idea of how human decision-making is to be understood and …

works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …

performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …

effects of implemented policies. I derive the optimal policy maker's decision on continuation of a policy, assuming that …

This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must … be motivated to collect information. Committees improvethe quality of decision-making by providing information and by … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …