bounded rationality. Experimentally observed choice behavior in various decision tasks is used to assess heterogeneity in how … regarding concerns nor risk attitude matter and probability of the binary chance move is (optimal) choice …-irrelevant, categorizing decision types relies on parameter dependence and choice adaptations. We find that most participants reduce …

Consumers often have to decide whether to acquire information in high-stakes decision domains. We study women in …

planning horizons. Moreover, this hypothesis is tested in the cases of decision making under certainty, risk and uncertainty … deviations are considered, results are confirmed only in the case of decision making under uncertainty. This second finding has … been interpreted as suggesting that uncertainty on income seems to prevent participants from improving their decision …

but did not affect choice quality. It seems that high time delays nudged decision-makers to think twice about how much and …

using a dynamic choice model that allows decision makers to both discount the future (be myopic) and be subject to random …

elicit individual risk preferences according to Cumulative Prospect Theory. Applying a latent class model to the choice data …' tastes in typical contract attributes of health insurances and to investigate their relationship with individual risk … helps consumers to choose contracts, which are in line with their individual risk preferences. Our results reveal valuable …

arises due to the interplay of two goals in decision-making, the goal to arrive at a desired conclusion (directional goal …

We experimentally investigate purchase decisions with linear and non-linear pricing under risk. The experiment is based … test standard decision theoretic predictions concerning purchasing behavior in a rebate and a discount scheme. We … discuss how our results can be explained by decision heuristics …