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 …

This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show … low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision … behaviour ; decision-making experiments …

bounded rationality. Experimentally observed choice behavior in various decision tasks is used to assess heterogeneity in how …-irrelevant, categorizing decision types relies on parameter dependence and choice adaptations. We find that most participants reduce …