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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 …
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Decision theoretic models of group decision processes usually assume a given set of alternatives, about which the … decision has to take place. In realistic group decision situations, however, alternatives are often not specified a priori, but …
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