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preference measurement tasks. We develop a dynamic discrete choice model of information search and choice under bounded … rationality, that we calibrate using a combination of eye-tracking and choice data. Our model extends the directed cognition model …
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One apparent reason for deferring a decision – abstaining from choosing, leaving the decision open to be taken by someone else, one’s later self, or nature – is for lack of sufficient confidence in the relevant beliefs. This paper develops an axiomatic theory of decision in situations...
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