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We show in a theoretical model that the benefit from additional attention to the marginal attribute within a choice set depends upon the expected utility loss from making a suboptimal choice if it is ignored. Guided by this analysis, we then develop an empirical method to measure an individual's...
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According to normative decision theory there exists a principle of procedure invariance which states that a decision … maker's preference order should remain the same, independently of which response mode is used. For example, the decision … research in behavioral decision making has suggested that judgments and choices yield different preference orders in both the …
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Choice Algonomics is a Report on Algorand and Choice Coin tokenomics with an emphasis on Algo and Choice. Algo is the native cryptocurrency of the Algorand blockchain and its breakthrough layer-1 technical protocol. Choice is a utility token for voting created by the Choice Coin DAO, the largest...
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