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We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice. Using a variety of measures, we find that the active choices...
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We study two random choice models that explain behavioural patterns suggesting that the outside option is often chosen by decision makers who find it hard to decide between the otherwise desirable market alternatives available to them. The decision-conflict logit extends the logit model with an...
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