optimal choice (or collection of choices) given this preference relation, there is another preference relation that satisfies … EUOL plus the Savage axioms, for which this choice is also optimal. -- ambiguity ; decision theory ; Knightian uncertainty …

This paper highlights a previously unnoticed property of commonly-used discrete choice models, which is that they …

Motivated by the literature on ``choice overload'', we study a boundedly rational agent whose choice behavior admits a … of the model, extending familiar characterizations of rational choice. We classify monotone threshold representations as … satisficing'' model as well as Fishburn (1975) and Luce's (1956) model of choice behavior generated by a semiorder. We …

, time preferences are elicited using incentivized choice experiments. The aggregate distributions of discount factors and …

, which contradicts most theories of choice such as expected utility but is consistent with a theory of responsibility … aversion that implies a preference for randomness. A large data set on university applications in Germany shows a choice …

Using the techniques of revealed preference analysis, we study a two-stage model of choice behavior. In the first stage …