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 …

Much of the recent literature in household economics has been critical of unitary models of household decision … discusses another alternative: independent individual models of decision-making that don't make any specific assumptions of … jointness of decision-making in households. Unitary models are typically associated with Gary Becker even though most of Becker …