an axiomatic theory of decision in situations where a costly deferral option is available that captures this source of … deferral. Drawing on it, a preliminary behavioural comparison with other accounts of deferral, such as those based on … information asymmetry, is undertaken, and a simple multi-factor model of deferral – involving both confidence and information …

of confidence in beliefs and the notion of stakes introduced in Hill (2010). <p> Firstly, a representation of deferral of …, where indeterminacy of preferences is interpreted as taking the deferral option. Then the question of what the decision … presence and absence of a deferral option characterise a simple model of how forced choice relates to choice where deferral is …