This paper proposes a simple framework to model contextual influences on procedural decision making. In terms of …

This paper proposes a simple framework to model contextual influences on procedural decision making. In terms of …

pose little problem as long as they are simply a result of somewhat-noisy decision making and not a reflection of the …

policies that encourage active decision-making. In an experiment designed to study passive behavior, we document three main …

In his paper Emotion and reasoning in human decision-making (Economics Discussion Papers, No 2019-8) Edmund Rolls …

pose little problem as long as they are simply a result of somewhat-noisy decision making and not a reflection of the …

function of ad hoc measures of task complexity. The first two stochastic models are Contextual Utility and the Decision Field … best fit to the data under the Expected Utility Theory (EUT), and the Decision Field Theory delivers the best fit under the … its ability to capture extreme behaviours in terms of utility curvature and decision weight at an individual level …