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 …

result from judgments based on imprecise (and noisy) mental representations of the decision situation. In this model, risk … aversion results from a sort of perceptual bias--but one that represents an optimal decision rule, given the limitations of the … lotteries, based on other evidence regarding numerical cognition, and test its ability to explain the choice frequencies that we …

. This study also presents empirical evidence from a laboratory experiment in which students at a selective college were …

for misinformation through the lens of augmenting critical thinking skills in a field experiment during the 2022 …

decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …

who were randomly assigned to different temperatures in a laboratory. We find that most dimensions of decision-making are …