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Influential economic approaches as random utility models assume a monotonic relation between choice frequencies and "strength of preference," in line with widespread evidence from the cognitive sciences, which also document an inverse relation to response times. However, for economic decisions...
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Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on …
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ambiguity scenarios. This aversion has an influence on producers' decision-making processes; hence the relevance of determining …
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