allocations is not rejected in models that allow more than two household members to have agency in decision-making. In contrast … decision-making within complex households.Institutional subscribers to the NBER working paper series, and residents of …

We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is …

-consistent expectations. This implicitly assumes unrealistic cognitive abilities on the part of economic decision makers. The relevant … question, however, is not whether the assumption can be literally correct, but how much it would matter to model decision … problems such as chess or go, in which decision makers look ahead only a finite distance into the future, and use a value …

This paper concerns the prescriptive function of decision analysis. I suppose that an agent must choose an action …. Hence, I reason that prescriptions for decision making should respect actuality. That is, they should promote welfare … maximization in the choice problem the agent actually faces. I conclude that any decision rule respecting weak and stochastic …

constructed-choice model for general decision making. The model departs from utility theory and prospect theory in its treatment … context on goals, resources, plans and decision rules. The paper concludes by suggesting some prescriptions for improving … individual decision making with respect to protective measures …

Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a … phenomenon known as decision fatigue. We study whether decision fatigue affects analysts' judgments. Analysts cover multiple … the number of forecasts the analyst has already issued increases. Also consistent with decision fatigue, we find that the …

relatively little empirical knowledge about how it affects decision-making in specific medical contexts. Through general … conceptual discussion and consideration of a case study of leukemia chemo-therapy, this paper examines the medical decision …