This paper proposes a simple approach to recover cognitive attention costs in information processing from elicited … behave as if facing positive attention costs. The approach is validated using choice-process data which confirms that …

-enforcing. -- efficiency ; communication ; coordination ; honesty ; evolutionary stability …

assumptions as mistrust, monetary and non-monetary transaction-costs, a price and cost gradient, illness severity as well as a … are inefficiencies in the dimensions of ex-post demand and income risk either on the side of gross-income or of costs … are more capable if fixed costs are low. To demand abroad the marginal treatment costs abroad must fall short of a …

If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this …

This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following …-off there is an optimal number of goods that the decision maker wants to analyze before making his final choice. The choice of … with good consumer service can be a signal for high quality of the store. -- Decision making ; Bounded rationality ; Choice …