-interest. There are many possible reasons why. We investigate several of these reasons with a lab-in-the-field experiment in rural …

class of problems of decision under uncertainty in which the argument for collective choice emerges from the mathematics of … aggregating individual payoffs. Consider decision making when each member of a population has the same objective function, which … depends on an unknown state of nature. If agents knew the state of nature, they would make the same decision. However, they …

Decisions take time, and the time taken to reach a decision is likely to be informative about the cost of more precise …

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 …

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 …

-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 …