mining until better information arrives. We show conditions under which it is optimal to postpone the mining decision …, any uncertainty will convince her to defer the mining decision … damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the …

In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … enough to approximate Kahnenman and Tversky's prospect theory and that for certain parametric values will yield the expected … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the …

Traditional economic models of vaccination assume that agents free-ride on the vaccination decision of others. These …

-inconsistency strengthen the normative appeal of the active-decision enrollment regime. However, financial illiteracy favors default enrollment … over active decision enrollment …

A choice-theoretic model of household decision-making with respect to care-giving time allocations and the use of …