We investigate the possibility that a decision-maker prefers to avoid making a decision and instead delegates it to an …, which contradicts most theories of choice such as expected utility but is consistent with a theory of responsibility …

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 …

total demand in a city pair to different itineraries. Multinomial logit (MNL) models are commonly used in practice and …

performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …

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

"experienced utility'' consequences of these choices. This paper argues that this dichotomy between decision and experienced …Psychologists report that people make choices on the basis of "decision utilities'' that routinely overestimate the … utility functions that must mediate intertemporal choices, and in which there is an incentive to condition current utilities …