Besedeš, Tibor; Deck, Cary; Sarangi, Sudipta; Shor, Mikhael - In: The Review of Economics and Statistics 94 (2012) 2, pp. 580-595
Using controlled experiments, we examine how individuals make choices when faced with multiple options. Choice tasks are designed to mimic the selection of health insurance, prescription drug, or retirement savings plans. In our experiment, available options can be objectively ranked, allowing...
