, available options can be objectively ranked allowing us to examine optimal decision making. First, the probability of a person … subjects. Second, heuristics differ by age with older subjects relying more on suboptimal decision rules. In a heuristics … validation experiment, older subjects make worse decisions than younger subjects. -- Experiments ; decision making ; optimal …

towards the political parties. They apply a consistent rule -a decision heuristic -persistently returning to the same …

Human decision-making differs due to variation in both incentives and available information. This generates substantial … challenges for the evaluation of whether and how machine learning predictions can improve decision outcomes. We propose a … decision maker payoff functions and predictive skill. We apply our framework to the major health policy problem of improving …

Despite considerable policy efforts, women continue to be underrepresented in positions of power and decision making …. As an important aspect of women empowerment, we examine women’s participation in intrahousehold financial decision making …