We study Nature's trade-off when endowing people with the cognitive ability to distinguish between different time periods or different prizes. Our key premise is that cognitive ability is a scarce resource, to be deployed only where and when it really matters. We show that this simple insight...

We use a simple cost-benefit analysis to derive optimal similarity judgments - addressing the question: when should we expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive resources are costly and are to be deployed only...

This document presents the preliminary findings from the quantitative data generation and analysis conducted as part of the project "Financial decision-making, gender and social norms in Zambia". Using a series of specially designed behavioural experiments,we generated an extensive set of...

This document presents the preliminary findings from the quantitative data generation and analysis conducted as part of the project "Financial decision-making, gender and social norms in Zambia". Using a series of specially designed behavioural experiments,we generated an extensive set of...