In this study we introduce a new stochastic choice rule that categorizes objects in order to simplify the choice procedure. At any given trial, the decision maker deliberately randomizes over mental categories and chooses the best item according to her utility function within the realized...

Introduction: Why cognitive operations? -- Chapter 1: Approaches to cognitive modelling -- Chapter 2: Decisions under risk -- Chapter 3: Strategic interactions -- Chapter 4: Newsvendor problems -- Chapter 5: Decisions under uncertainty -- Chapter 6: Conclusions: The future of cognitive modelling...

This is the first definitive introduction to behavioral economics aimed at advanced undergraduate and postgraduate students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout