This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following …-off there is an optimal number of goods that the decision maker wants to analyze before making his final choice. The choice of … with good consumer service can be a signal for high quality of the store. -- Decision making ; Bounded rationality ; Choice …

We consider a committee voting setup with two rounds of voting where committee members who possess private information … about the state of the world have to make a binary decision. We investigate incentives for truthful revelation of their … information in the first voting period. Coughlan (2000) shows that members reveal their information in a straw poll only if their …