-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 …

when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …

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

, classification has been done manually. If it were possible to combine new computational tools and administrative wage records to …

the beliefs of millions of consumers than a handful of bureaucrats. As such, recognizing the limits of human cognition may …

the cost of generating the information used to make a decision through a dynamic evidence accumulation process. We … alternative rational inattention theory better conform with evidence from perceptual discrimination experiments …