dramatic consequences. To test whether the overconfidence bias affects the decision of backcountry skiers to go on a ski trip …

decisions. In this challenge, they confront two questions: what decision theory to follow and how to implement it in AI systems …. This paper provides answers to these questions and makes three contributions. The first is to discuss how economic decision … consideration of procedural rationality, overcoming computational difficulties, and understanding decision-making in disequilibrium …

capacity nor the power to influence the household decision process. The literature on collective models has so far incorporated …); Blundell et al. (2005)]. This paper seeks to determine whether children of a certain age are decision-makers. We focus on the … decision-making process within households composed of two adults and one child of at least 16 years of age. We first summarize …

. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash … only 40% for individuals. -- Strategic sophistication ; beliefs ; experiment ; team decision making ; individual decision …

If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this …

Social preferences have been shown to be an important determinant of economic decision making for many adults. We …