simple cases, tests confirm that subjects adjust their attention in response to incentives as the theory dictates …

automobiles and home appliances. To do so, it develops a heuristic model of a consumer's decision problem when purchasing an …

no action at a decision point. Consumers may face automatic renewal, automatic switching, or non-purchase defaults …

from psychology, but also from sociology and anthropology. Whereas the concept of the decision-maker is the rational actor … the moment of decision-making, in some recent work in behavioral economics the decision-maker could be called the …

The research in Psychology and Economics (a.k.a. Behavioral Economics) suggests that individuals deviate from the … standard model in three respects: (i) non-standard preferences; (ii) non-standard beliefs; and (iii) non-standard decision …. Regarding non-standard decision-making, I cover limited attention, menu effects, persuasion and social pressure, and emotions. I …

Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …