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 …

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 …

This paper analyzes how private decisions and public policies are shaped by personal and societal preferences ("values … and Ramsey taxation. Incorporating agents' imperfect knowledge of the distribution of preferences opens up to analysis … of legislators and other principals naturally reflect their knowledge of societal preferences, and these same "community …

revisions of money allocations toward the present are associated with spousal preferences for such revision, household shocks or …

We develop a model to study optimal decision making in the face of uncertainty about the timing and structure of a … future event. The model is used to study optimal decision making and welfare when individuals face uncertainty about when and …