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 …

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

effort lab experiments with 550 subjects in 11 treatments and one baseline. Our results indicate that monetary incentives to …

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

Psychologists report that people make choices on the basis of "decision utilities'' that routinely overestimate the … "experienced utility'' consequences of these choices. This paper argues that this dichotomy between decision and experienced … conflict that is attenuated by separating decision and experienced utilities. …