standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal … optimal conditional on utility functions departing from risk neutrality, or heuristics derived from limited cognitive …

standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal … optimal conditional on utility functions departing from risk neutrality, or heuristics derived from limited cognitive …

This paper extends choice theory by allowing for the interaction between cognitive costs and imitative dynamics. The … order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …

financial traders individually learn how to use forecasting and/or trading anchor-and-adjustment heuristics by updating them …

financial traders individually learn how to use forecasting and/or trading anchor-and-adjustment heuristics by updating them …

paper evaluates several learning models in light of a laboratory experiment on responsiveness in a low-information dynamic … models accurately predict behavior. A further objective is to determine which heuristics, or rules of thumb, when …

We report the results of an experiment on selective exposure to information. A decision maker interested in learning …. In line with the theory, subjects are more likely to seek confirmatory information when sources are symmetrically … source even when prior beliefs are strongly unbalanced and this source is less informative. Our experiment suggests that base …