paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a …Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This … be chosen later than earlier; (ii) decision time is higher when the likelihood of choosing each alternative is closer to …

to reason by analogy. However, there is substantial evidence that decision makers often fail to identify and apply … strategic decision making and for future research on reasoning by analogy …