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explain a set of behavioral anomalies identified across four distinct domains of decision-making: choice under risk, choice … risk and ambiguity, belief updating, and survey expectations. Our framework makes predictions that we test using exogenous …
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Satisficing is a hugely influential model of boundedly rational choice, yet it cannot be easily tested using standard choice data. We develop necessary and sufficient conditions for stochastic choice data to be consistent with satisficing, assuming that preferences are fixed, but search order...
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Behavioral economics of risk, uncertainty, and ambiguity -- Other-regarding preferences -- Behavioral time discounting …
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Economics of Risk, Uncertainty, and Ambiguity -- Introduction to part 1 -- CHAPTER 1: The Evidence on Human Choice under Risk … expected utility theory (EU) -- 1.2.2 Attitudes to risk under EU … the independence axiom -- 1.5.4 Attitudes to risk for small and large stakes: Rabin's paradox -- 1.5.5 Violations of …
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