A general framework is described specifying how boundedly rational decision makers generate their choices. Starting … new decision routines (by applying "New Problem Solver"). Our admittedly bold attempt is loosely related to some stylized …

low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision …This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show … problem. There is evidence that risk attitudes depend on whether they are measured by comparing the certainty equivalent and …