“Choice architecture” is a metaphor capturing the idea that all choices occur within a structure of contextual and task features. These features in turn help to “construct” a person's choice. In this chapter we summarize the academic literature on three types of choice architecture tools...

Every attribute can be expressed in multiple ways. For example, car fuel economy can be expressed as fuel efficiency (“miles per gallon”), fuel cost in dollars, or tons of greenhouse gases emitted. Each expression, or “translation”, highlights a different aspect of the same attribute. We...

Spanish Abstract: Algunos de los retos a los que se han enfrentado en los mercados Norteamericanos con la inclusión de fuentes de generación eléctrica eólica y solar consiste en la incertidumbre y la variabilidad que presentan estas fuentes y, por tanto, han evidenciado la necesidad de...

When designing environmental protection and energy regulation policies, legislators and regulators rely upon the results of computer models that purport to forecast future conditions such as energy supply, demand, available technologies and market characteristics. In a perfect world, these...

Regulators often seek to promote the use of improved, cleaner technology when new investments occur; however, technology mandates are suspected of raising costs and delaying investment. We examine investment choices for electricity generation under a strict emissions rate performance standard...

The importance of online reviews continues to grow for both retailers and consumers. Typically, online reviews are summarised in terms of an average review score and the number of reviews. However, some retailers choose to additionally reveal information about the number of product or service...

The purpose of this research was to investigate the effectiveness of a probabilistic reward scheme to motivate workers and increase their performance. Across three experiments comprising both physical and cognitive tasks, we compared two novel probabilistic with two traditional non-probabilistic...

Review score information can be presented in different formats. In three online experiments, we examined consumers' behavior in the context of review scores presented in a disaggregated format (individual review scores observed sequentially and individually), an aggregated format (review scores...

The authors tested two interventions to improve retirement savings investment decisions. In an incentive‐compatible experiment, 459 participants engaged in a task simulating their working life. Periodically during the simulation, participants chose between different investment options. The...