This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …

Cognitive biases distort judgement and adversely impact decision-making, which results in economic inefficiencies …

In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better … decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we … processing in complex decision making …

Intuitive decision making has a large and often negative impact in economic decisions, but its measurement and … behind these developments and offer avenues for improvement. First, we show that a very simple formal model of decision …

Intuitive decision making has a large and often negative impact in economic decisions, but its measurement and … behind these developments and offer avenues for improvement. First, we show that a very simple formal model of decision …

present study investigated whether strategic decision-making, as measured by the beauty contest game, is associated with … positively related to successful strategic decision-making. Furthermore, results showed a curvilinear relationship between steps …

to a better understanding of the role of cognitive skills in decision making under uncertainty …

If a decision maker, in a world of uncertainty a la Anscombe and Aumann (1963), can choose acts according to some … any decision problem (or set of decision problems), for any preference relation that satisfies the Axiom EUOL, and for any …

-screen instructions shorten average decision times with respect to on-paper instructions, and requiring forced inputs reduces waiting … times, in particular for the slowest subjects. Consistent with cognitive load theory, we find that short, on … contribute to reduce both decision and waiting times without affecting the overall pattern of contributions. …