exchange. The experiment tightly tests the predictions of Kőszegi and Rabin (2006), as when the probability of forced exchange …

anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue … in their wagering decision, even though there exists no rational reason to do so. More than half of all wagers occur … manifests itself among college students. Overall, our findings suggest anchoring plays a substantial role in financial decision …

participants. In the other, it is imposed by randomly matching decisions with decision nodes in the information set. The results …. -- imperfect recall ; absentmindedness ; dynamic inconsistency ; experiment …

overconfidence. Cognitive uncertainty represents a decision maker's uncertainty about her action optimality. We present a simple …Overconfidence is one of the most ubiquitous cognitive bias. There is copious evidence of overconfidence being relevant … model of overconfidence based on the concept of cognitive uncertainty. The model relates the concepts theoretically and …

to a better understanding of the role of cognitive skills in decision making under uncertainty. -- subjective … expectations ; probabilities ; dual system decision making ; cognitive skills ; cognitive economics …

laboratory experiment to show that EUT of income cannot explain risk aversion either. The experimental data suggests that the …

decision making. This effect is stronger when sellers expect to sell at a loss relative to their purchase price, for high …