Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This … paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a … be chosen later than earlier; (ii) decision time is higher when the likelihood of choosing each alternative is closer to …

experiment, we recover preferences and consideration probabilities using only data on which items were ultimately chosen, and we …

exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …

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 …

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 …

-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 …