The world is increasingly characterized by global and national disasters and crises. To cope with these, social cohesion is indispensable - and this in turn requires that young people are taught how to become responsible citizens. Strengthening students’ personal development and social...

This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following trade-off: adding a good to the choice set has a positive option value but increases the complexity of the choice problem. The increased complexity is modeled as a reduction of...