This paper studies experimentally when and how ideological motives shape group decision-making outcomes. Groups …

In economic theory, an agent chooses from available alternatives-modeled as a set. In decisions in the field or in the … represented to make their choice. In this paper, we model representations and decision procedures operating on them. We show that … rational behavior. Classical choice theory operates on very limited information, typically budgets or menus and final choices …

This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …

compare both decision environments and show that efficiency (defined as average performance and earnings) does not suffer …. Before making a decision for the agent, we vary whether the principal is informed about the agent's gender or not. Regardless … principal's own preferences for risk and competitiveness matter for the decision to make others compete. In addition, we …

modelling of random components of decision making is crucial to establishing the long supposed but empirically elusive link …

modelling of random components of decision making is crucial to establishing the long supposed but empirically elusive link …

-maximizing recommendation on the basis of that signal. The individuals have identical preferences. The group makes a decision that maximizes the …

expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive … such as the ratio and certainty effects, and rationalize Rabin's risk aversion paradox. This suggests that the theory may …