I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …

by many theories of choice and implies that the decision-maker prefers receiving the best outcome for sure over all … treatments where decision-makers are asked to submit multiple decisions without knowing which one is relevant, many participants … decision. A large data set on (high-stake) university applications in Germany shows patterns that are consistent with a …

longer-lasting if individuals are distracted from their original task. In addition to providing decision support, receiving …