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overconfidence. Cognitive uncertainty represents a decision maker's uncertainty about her action optimality. We present a simple …
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Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
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Intuitive decision making has a large and often negative impact in economic decisions, but its measurement and … behind these developments and offer avenues for improvement. First, we show that a very simple formal model of decision …
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methodologies for understanding decision-making under pressure. In the non-transitive game rock, paper, scissors (RPS), the only … behavior is thought to be outside bounded rationality and so decision-making can become deterministic, predictable, and … cognition literatures, and provides a taxonomy of RPS strategy. RPS strategies are discussed in terms of (a) whether the …
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