Visual judgments of length in the economics laboratory: Are there brains in stochastic choice?
Author
Abstract
Suggested Citation
DOI: 10.1016/j.socec.2021.101708
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Roch, Sylvia G. & Lane, John A. S. & Samuelson, Charles D. & Allison, Scott T. & Dent, Jennifer L., 2000. "Cognitive Load and the Equality Heuristic: A Two-Stage Model of Resource Overconsumption in Small Groups," Organizational Behavior and Human Decision Processes, Elsevier, vol. 83(2), pages 185-212, November.
- Drew Fudenberg & Philipp Strack & Tomasz Strzalecki, 2018.
"Speed, Accuracy, and the Optimal Timing of Choices,"
American Economic Review, American Economic Association, vol. 108(12), pages 3651-3684, December.
- Drew Fudenberg & Philipp Strack & Tomasz Strzalecki, 2015. "Speed, Accuracy, and the Optimal Timing of Choices," Working Paper 254346, Harvard University OpenScholar.
- Ahumada, Alonso & Ülkü, Levent, 2018. "Luce rule with limited consideration," Mathematical Social Sciences, Elsevier, vol. 93(C), pages 52-56.
- Louis Lévy-Garboua & Hela Maafi & David Masclet & Antoine Terracol, 2012.
"Risk aversion and framing effects,"
Experimental Economics, Springer;Economic Science Association, vol. 15(1), pages 128-144, March.
- Louis Lévy-Garboua & Hela Maafi & David Masclet & Antoine Terracol, 2012. "Risk aversion and framing effects," PSE-Ecole d'économie de Paris (Postprint) hal-00617673, HAL.
- Louis Lévy-Garboua & Hela Maafi & David Masclet & Antoine Terracol, 2012. "Risk aversion and framing effects," Post-Print hal-00617673, HAL.
- Louis Lévy-Garboua & Hela Maafi & David Masclet & Antoine Terracol, 2012. "Risk aversion and framing effects," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00617673, HAL.
- Allred, Sarah & Duffy, Sean & Smith, John, 2016.
"Cognitive load and strategic sophistication,"
Journal of Economic Behavior & Organization, Elsevier, vol. 125(C), pages 162-178.
- Allred, Sarah & Duffy, Sean & Smith, John, 2013. "Cognitive Load and Strategic Sophistication," MPRA Paper 47997, University Library of Munich, Germany.
- Allred, Sarah & Duffy, Sean & Smith, John, 2014. "Cognitive load and strategic sophistication," MPRA Paper 59441, University Library of Munich, Germany.
- Loomis, John & Peterson, George & Champ, Patricia & Brown, Thomas & Lucero, Beatrice, 1998. "Paired comparison estimates of willingness to accept versus contingent valuation estimates of willingness to pay," Journal of Economic Behavior & Organization, Elsevier, vol. 35(4), pages 501-515, May.
- Buckert, Magdalena & Oechssler, Jörg & Schwieren, Christiane, 2017.
"Imitation under stress,"
Journal of Economic Behavior & Organization, Elsevier, vol. 139(C), pages 252-266.
- Buckert, Magdalena & Oechssler, Jörg & Schwieren, Christiane, 2014. "Imitation under stress," Working Papers 0556, University of Heidelberg, Department of Economics.
- Buckert, Magdalena & Oechssler, Jörg & Schwieren, Christiane, 2014. "Imitation under stress," Discussion Papers, Research Unit: Economics of Change SP II 2014-309, WZB Berlin Social Science Center.
- Jose Apesteguia & Miguel A. Ballester, 2018.
"Monotone Stochastic Choice Models: The Case of Risk and Time Preferences,"
Journal of Political Economy, University of Chicago Press, vol. 126(1), pages 74-106.
- Jose Apesteguia & Miguel Ángel Ballester, 2015. "Monotone Stochastic Choice Models: The Case of Risk and Time Preferences," Working Papers 859, Barcelona School of Economics.
- Jose Apesteguia & Miguel A. Ballester, 2015. "Monotone stochastic choice models: The case of risk and time preferences," Economics Working Papers 1499, Department of Economics and Business, Universitat Pompeu Fabra.
- Aguiar, Victor H. & Boccardi, Maria Jose & Dean, Mark, 2016.
"Satisficing and stochastic choice,"
Journal of Economic Theory, Elsevier, vol. 166(C), pages 445-482.
- Victor Aguiar & Maria Jose Boccardi & Mark Dean, 2015. "Satisficing and Stochastic Choice," Working Papers 2015-8, Brown University, Department of Economics.
- Carlos Alós-Ferrer & Ernst Fehr & Nick Netzer, 2021.
"Time Will Tell: Recovering Preferences When Choices Are Noisy,"
Journal of Political Economy, University of Chicago Press, vol. 129(6), pages 1828-1877.
- Alós-Ferrer, Carlos & Fehr, Ernst & Netzer, Nick, 2021. "Time Will Tell: Recovering Preferences When Choices Are Noisy," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 129(6), pages 1828-1877.
- Alós-Ferrer, Carlos & Fehr, Ernst & Netzer, Nick, 2018. "Time Will Tell: Recovering Preferences When Choices Are Noisy," IZA Discussion Papers 11918, Institute of Labor Economics (IZA).
- Carlos Alós-Ferrer & Ernst Fehr & Nick Netzer, 2018. "Time will tell: recovering preferences when choices are noisy," ECON - Working Papers 306, Department of Economics - University of Zurich, revised Jun 2020.
- Carlos Alós-Ferrer & Ernst Fehr & Nick Netzer, 2018. "Time Will Tell: Recovering Preferences when Choices Are Noisy," CESifo Working Paper Series 7333, CESifo.
- Carlos Alos-Ferrer & Ernst Fehr & Nick Netzer, 2018. "Time will tell - Recovering Preferences when Choices are Noisy," Papers 1811.02497, arXiv.org.
- Paola Manzini & Marco Mariotti, 2014.
"Stochastic Choice and Consideration Sets,"
Econometrica, Econometric Society, vol. 82(3), pages 1153-1176, May.
- Manzini, Paola & Mariotti, Marco, 2012. "Stochastic Choice and Consideration Sets," IZA Discussion Papers 6905, Institute of Labor Economics (IZA).
- Paola, Manzini & Marco, Mariotti, 2013. "Stochastic Choice and Consideration Sets," SIRE Discussion Papers 2013-28, Scottish Institute for Research in Economics (SIRE).
- Paola Manzini & Marco Mariotti, 2012. "Stochastic Choice and Consideration Sets," CEEL Working Papers 1205, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
- Filip Matêjka & Alisdair McKay, 2015.
"Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model,"
American Economic Review, American Economic Association, vol. 105(1), pages 272-298, January.
- Filip Matejka & Alisdair McKay, 2011. "Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model," CERGE-EI Working Papers wp442, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Alisdair McKay & Filip Matejka, 2011. "Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model," 2011 Meeting Papers 535, Society for Economic Dynamics.
- Alisdair McKay & Filip Matejka, 2011. "Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model," Boston University - Department of Economics - Working Papers Series WP2011-026, Boston University - Department of Economics.
- Matias D. Cattaneo & Xinwei Ma & Yusufcan Masatlioglu & Elchin Suleymanov, 2020.
"A Random Attention Model,"
Journal of Political Economy, University of Chicago Press, vol. 128(7), pages 2796-2836.
- Matias D. Cattaneo & Xinwei Ma & Yusufcan Masatlioglu & Elchin Suleymanov, 2017. "A Random Attention Model," Papers 1712.03448, arXiv.org, revised Aug 2019.
- Cattaneo, Matias D & Ma, Xinwei & Masatlioglu, Yusufcan & Suleymanov, Elchin, 2020. "A Random Attention Model," University of California at San Diego, Economics Working Paper Series qt34m788c3, Department of Economics, UC San Diego.
- Xavier Gabaix & David Laibson & Guillermo Moloche & Stephen Weinberg, 2006. "Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model," American Economic Review, American Economic Association, vol. 96(4), pages 1043-1068, September.
- Duffy, Sean & Smith, John, 2020. "An economist and a psychologist form a line: What can imperfect perception of length tell us about stochastic choice?," MPRA Paper 99417, University Library of Munich, Germany.
- R. Luce, 2005. "Measurement analogies: comparisons of behavioral and physical measures," Psychometrika, Springer;The Psychometric Society, vol. 70(2), pages 227-251, June.
- Charness, Gary & Gneezy, Uri & Halladay, Brianna, 2016. "Experimental methods: Pay one or pay all," Journal of Economic Behavior & Organization, Elsevier, vol. 131(PA), pages 141-150.
- Peter Moffatt, 2005. "Stochastic Choice and the Allocation of Cognitive Effort," Experimental Economics, Springer;Economic Science Association, vol. 8(4), pages 369-388, December.
- Tyson, Christopher J., 2008.
"Cognitive constraints, contraction consistency, and the satisficing criterion,"
Journal of Economic Theory, Elsevier, vol. 138(1), pages 51-70, January.
- Tyson, Chris, 2001. "The Foundations of Imperfect Decision Making," Research Papers 1714, Stanford University, Graduate School of Business.
- Christopher J.Tyson, 2005. "Axiomatic Foundations for Satisficing Behavior," Economics Papers 2005-W03, Economics Group, Nuffield College, University of Oxford.
- Alós-Ferrer, Carlos & Garagnani, Michele, 2021. "Choice consistency and strength of preference," Economics Letters, Elsevier, vol. 198(C).
- Lleras, Juan Sebastián & Masatlioglu, Yusufcan & Nakajima, Daisuke & Ozbay, Erkut Y., 2017. "When more is less: Limited consideration," Journal of Economic Theory, Elsevier, vol. 170(C), pages 70-85.
- Andrew Caplin & Daniel Martin, 2015.
"A Testable Theory of Imperfect Perception,"
Economic Journal, Royal Economic Society, vol. 125(582), pages 184-202, February.
- Andrew Caplin & Daniel Martin, 2011. "A Testable Theory of Imperfect Perception," NBER Working Papers 17163, National Bureau of Economic Research, Inc.
- Andrew Caplin & Daniel Martin, 2013. "A Testable Theory of Imperfect Perception," Levine's Working Paper Archive 786969000000000649, David K. Levine.
- Andrew Caplin & Daniel Martin, 2015. "A Testable Theory of Imperfect Perception," PSE-Ecole d'économie de Paris (Postprint) halshs-01155313, HAL.
- Andrew Caplin & Daniel Martin, 2015. "A Testable Theory of Imperfect Perception," Post-Print halshs-01155313, HAL.
- Daniel McFadden, 2001.
"Economic Choices,"
American Economic Review, American Economic Association, vol. 91(3), pages 351-378, June.
- McFadden, Daniel L., 2000. "Economic Choices," Nobel Prize in Economics documents 2000-6, Nobel Prize Committee.
- Daniel L. McFadden, 1976. "Quantal Choice Analysis: A Survey," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 363-390, National Bureau of Economic Research, Inc.
- John D. Hey, 2018.
"Experimental investigations of errors in decision making under risk,"
World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 17, pages 381-388,
World Scientific Publishing Co. Pte. Ltd..
- Hey, John D., 1995. "Experimental investigations of errors in decision making under risk," European Economic Review, Elsevier, vol. 39(3-4), pages 633-640, April.
- Andrew Caplin, 2016. "Measuring and Modeling Attention," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 379-403, October.
- Jay Lu, 2016. "Random Choice and Private Information," Econometrica, Econometric Society, vol. 84, pages 1983-2027, November.
- Smith, Vernon L, 1976. "Experimental Economics: Induced Value Theory," American Economic Review, American Economic Association, vol. 66(2), pages 274-279, May.
- Sopher & Narramore, 2000. "Stochastic Choice and Consistency in Decision Making Under Risk: An Experimental Study," Theory and Decision, Springer, vol. 48(4), pages 323-349, June.
- Butler, D. J., 2000. "Do non-expected utility choice patterns spring from hazy preferences? An experimental study of choice 'errors'," Journal of Economic Behavior & Organization, Elsevier, vol. 41(3), pages 277-297, March.
- Michael Birnbaum & Ulrich Schmidt, 2010. "Testing transitivity in choice under risk," Theory and Decision, Springer, vol. 69(4), pages 599-614, October.
- Nobuo Koida, 2018. "Anticipated stochastic choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(3), pages 545-574, May.
- Elena Reutskaja & Rosemarie Nagel & Colin F. Camerer & Antonio Rangel, 2011. "Search Dynamics in Consumer Choice under Time Pressure: An Eye-Tracking Study," American Economic Review, American Economic Association, vol. 101(2), pages 900-926, April.
- Yaffa Yeshurun & Marisa Carrasco, 1998. "Attention improves or impairs visual performance by enhancing spatial resolution," Nature, Nature, vol. 396(6706), pages 72-75, November.
- Yusufcan Masatlioglu & Daisuke Nakajima & Erkut Y. Ozbay, 2012.
"Revealed Attention,"
American Economic Review, American Economic Association, vol. 102(5), pages 2183-2205, August.
- Yusufcan Masatlioglu & Daisuke Nakajima & Erkut Ozbay, 2009. "Revealed Attention," NajEcon Working Paper Reviews 814577000000000409, www.najecon.org.
- James Cox & Vjollca Sadiraj & Ulrich Schmidt, 2015.
"Paradoxes and mechanisms for choice under risk,"
Experimental Economics, Springer;Economic Science Association, vol. 18(2), pages 215-250, June.
- James C. Cox & Vjollca Sadiraj & Ulrich Schmidt, 2011. "Paradoxes and Mechanisms for Choice under Risk," Experimental Economics Center Working Paper Series 2011-07, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Mar 2014.
- Cox, James C. & Sadiraj, Vjollca & Schmidt, Ulrich, 2011. "Paradoxes and mechanisms for choice under risk," Kiel Working Papers 1712, Kiel Institute for the World Economy (IfW Kiel).
- Andrew Caplin & Mark Dean, 2015.
"Revealed Preference, Rational Inattention, and Costly Information Acquisition,"
American Economic Review, American Economic Association, vol. 105(7), pages 2183-2203, July.
- Andrew Caplin & Mark Dean, 2014. "Revealed Preference, Rational Inattention, and Costly Information Acquisition," NBER Working Papers 19876, National Bureau of Economic Research, Inc.
- Andrew Caplin & Mark Dean & John Leahy, 2019. "Rational Inattention, Optimal Consideration Sets, and Stochastic Choice," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(3), pages 1061-1094.
- Andrew Caplin & Mark Dean & Daniel Martin, 2011. "Search and Satisficing," American Economic Review, American Economic Association, vol. 101(7), pages 2899-2922, December.
- Robin Cubitt & Daniel Navarro-Martinez & Chris Starmer, 2015. "On preference imprecision," Journal of Risk and Uncertainty, Springer, vol. 50(1), pages 1-34, February.
- Schulz, Jonathan F. & Fischbacher, Urs & Thöni, Christian & Utikal, Verena, 2014. "Affect and fairness: Dictator games under cognitive load," Journal of Economic Psychology, Elsevier, vol. 41(C), pages 77-87.
- Sanjurjo, Adam, 2017. "Search with multiple attributes: Theory and empirics," Games and Economic Behavior, Elsevier, vol. 104(C), pages 535-562.
- Drew Fudenberg & Ryota Iijima & Tomasz Strzalecki, 2015.
"Stochastic Choice and Revealed Perturbed Utility,"
Econometrica, Econometric Society, vol. 83, pages 2371-2409, November.
- Drew Fudenberg & Ryota Iijima & Tomasz Strzalecki, "undated". "Stochastic Choice and Revealed Perturbed Utility," Working Paper 136731, Harvard University OpenScholar.
- Leonard Lee & On Amir & Dan Ariely, 2009. "In Search of Homo Economicus: Cognitive Noise and the Role of Emotion in Preference Consistency," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 36(2), pages 173-187.
- Anna Conte & John D. Hey, 2018. "Rehabilitating the Random Utility Model. A comment on Apesteguia and Ballester (2018)," Discussion Papers 18/12, Department of Economics, University of York.
- Marina Agranov & Pietro Ortoleva, 2017. "Stochastic Choice and Preferences for Randomization," Journal of Political Economy, University of Chicago Press, vol. 125(1), pages 40-68.
- Faruk Gul & Paulo Natenzon & Wolfgang Pesendorfer, 2014.
"Random Choice as Behavioral Optimization,"
Econometrica, Econometric Society, vol. 82, pages 1873-1912, September.
- Faruk Gul & Paulo Natenzon & Wolfgang Pesendorfer, 2014. "Random Choice as Behavioral Optimization," Econometrica, Econometric Society, vol. 82(5), pages 1873-1912, September.
- Dewan, Ambuj & Neligh, Nathaniel, 2020. "Estimating information cost functions in models of rational inattention," Journal of Economic Theory, Elsevier, vol. 187(C).
- Deck, Cary & Jahedi, Salar, 2015. "The effect of cognitive load on economic decision making: A survey and new experiments," European Economic Review, Elsevier, vol. 78(C), pages 97-119.
- Machina, Mark J, 1985. "Stochastic Choice Functions Generated from Deterministic Preferences over Lotteries," Economic Journal, Royal Economic Society, vol. 95(379), pages 575-594, September.
- Wilcox, Nathaniel T., 2011.
"'Stochastically more risk averse:' A contextual theory of stochastic discrete choice under risk,"
Journal of Econometrics, Elsevier, vol. 162(1), pages 89-104, May.
- Wilcox, Nathaniel, 2007. "Stochastically more risk averse: A contextual theory of stochastic discrete choice under risk," MPRA Paper 11851, University Library of Munich, Germany.
- repec:hal:pseose:halshs-01155313 is not listed on IDEAS
- Jose Apesteguia & Miguel A. Ballester & Jay Lu, 2017.
"Single‐Crossing Random Utility Models,"
Econometrica, Econometric Society, vol. 85, pages 661-674, March.
- Jose Apesteguia & Miguel Ángel Ballester, 2016. "Single-Crossing Random Utility Models," Working Papers 891, Barcelona School of Economics.
- Jose Apesteguia & Miguel A. Ballester, 2016. "Single-crossing random utility models," Economics Working Papers 1515, Department of Economics and Business, Universitat Pompeu Fabra.
- Tyson, Christopher J., 2008.
"Cognitive constraints, contraction consistency, and the satisficing criterion,"
Journal of Economic Theory, Elsevier, vol. 138(1), pages 51-70, January.
- Christopher J. Tyson, 2007. "Cognitive Constraints, Contraction Consistency, and the Satisficing Criterion," Working Papers 614, Queen Mary University of London, School of Economics and Finance.
- Graham Loomes & Ganna Pogrebna, 2014. "Measuring Individual Risk Attitudes when Preferences are Imprecise," Economic Journal, Royal Economic Society, vol. 0(576), pages 569-593, May.
- Michael Woodford, 2014. "Stochastic Choice: An Optimizing Neuroeconomic Model," American Economic Review, American Economic Association, vol. 104(5), pages 495-500, May.
- Simone Cerreia-Vioglio & David Dillenberger & Pietro Ortoleva & Gil Riella, 2019.
"Deliberately Stochastic,"
American Economic Review, American Economic Association, vol. 109(7), pages 2425-2445, July.
- Simone Cerreia-Vioglio & David Dillenberger & Pietro Ortoleva & Gil Riella, 2012. "Deliberately Stochastic," PIER Working Paper Archive 17-013, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 25 May 2017.
- David J. Butler & Graham C. Loomes, 2007. "Imprecision as an Account of the Preference Reversal Phenomenon," American Economic Review, American Economic Association, vol. 97(1), pages 277-297, March.
- Andreas C Drichoutis & Rodolfo M Nayga, 0. "Economic Rationality under Cognitive Load," Economic Journal, Royal Economic Society, vol. 130(632), pages 2382-2409.
- Duffy, Sean & Smith, John, 2014.
"Cognitive load in the multi-player prisoner's dilemma game: Are there brains in games?,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 51(C), pages 47-56.
- Duffy, Sean & Smith, John, 2012. "Cognitive load in the multi-player prisoner's dilemma game: Are there brains in games?," MPRA Paper 38825, University Library of Munich, Germany.
- Karen Evelyn Hauge & Kjell Arne Brekke & Lars-Olof Johansson & Olof Johansson-Stenman & Henrik Svedsäter, 2016.
"Keeping others in our mind or in our heart? Distribution games under cognitive load,"
Experimental Economics, Springer;Economic Science Association, vol. 19(3), pages 562-576, September.
- Hauge, Karen Evelyn & Brekke, Kjell Arne & Johansson, Lars-Olof & Johansson-Stenman, Olof & Svedsäter, Henrik, 2014. "Keeping others in our mind or in our heart? Distribution games under cognitive load," Working Papers in Economics 600, University of Gothenburg, Department of Economics.
- Sen Geng, 2016. "Decision Time, Consideration Time, And Status Quo Bias," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 433-449, January.
- Fadong Chen & Urs Fischbacher, 2016.
"Response time and click position: cheap indicators of preferences,"
Journal of the Economic Science Association, Springer;Economic Science Association, vol. 2(2), pages 109-126, November.
- Fadong Chen & Urs Fischbacher, 2015. "Response Time and Click Position: Cheap Indicators of Preferences," TWI Research Paper Series 102, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
- Andreas C Drichoutis & Rodolfo M Nayga, 2020.
"Economic Rationality under Cognitive Load,"
The Economic Journal, Royal Economic Society, vol. 130(632), pages 2382-2409.
- Drichoutis, Andreas C. & Nayga, Rodolfo, 2017. "Economic rationality under cognitive load," MPRA Paper 81111, University Library of Munich, Germany.
- Andreas Drichoutis & Rodolfo M. Nayga, Jr., 2017. "Economic rationality under cognitive load," Working Papers 2017-2, Agricultural University of Athens, Department Of Agricultural Economics.
- Daniel Navarro-Martinez & Graham Loomes & Andrea Isoni & David Butler & Larbi Alaoui, 2018.
"Boundedly rational expected utility theory,"
Journal of Risk and Uncertainty, Springer, vol. 57(3), pages 199-223, December.
- Navarro-Martinez, Daniel & Loomes, Graham & Isoni, Andrea & Butler, David & Alaoui, Larbi, 2017. "Boundedly Rational Expected Utility Theory," MPRA Paper 79893, University Library of Munich, Germany.
- Carpenter, Jeffrey & Graham, Michael & Wolf, Jesse, 2013. "Cognitive ability and strategic sophistication," Games and Economic Behavior, Elsevier, vol. 80(C), pages 115-130.
- Loomes, Graham & Starmer, Chris & Sugden, Robert, 1989. "Preference Reversal: Information-Processing Effect or Rational Non-transitive Choice?," Economic Journal, Royal Economic Society, vol. 99(395), pages 140-151, Supplemen.
- Loomes, Graham & Sugden, Robert, 1995. "Incorporating a stochastic element into decision theories," European Economic Review, Elsevier, vol. 39(3-4), pages 641-648, April.
- Adam Sanjurjo, 2015. "Search, Memory, and Choice Error: An Experiment," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-16, June.
- Anna Conte & John D. Hey & Peter G. Moffatt, 2018.
"Mixture models of choice under risk,"
World Scientific Book Chapters, in: Experiments in Economics Decision Making and Markets, chapter 1, pages 3-12,
World Scientific Publishing Co. Pte. Ltd..
- Conte, Anna & Hey, John D. & Moffatt, Peter G., 2011. "Mixture models of choice under risk," Journal of Econometrics, Elsevier, vol. 162(1), pages 79-88, May.
- Anna Conte & John D Hey & Peter G Moffatt, 2007. "Mixture Models of Choice Under Risk," Discussion Papers 07/06, Department of Economics, University of York.
- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
- Jörgen Weibull & Lars-Göran Mattsson & Mark Voorneveld, 2007. "Better May be Worse: Some Monotonicity Results and Paradoxes in Discrete Choice Under Uncertainty," Theory and Decision, Springer, vol. 63(2), pages 121-151, September.
- Barry Sopher & Mattison Narramore, 2000. "Stochastic Choice and Consistency in Decision Making Under Uncertainty: An Experimental Study," Departmental Working Papers 199626, Rutgers University, Department of Economics.
- Faruk Gul & Wolfgang Pesendorfer, 2006.
"Random Expected Utility,"
Econometrica, Econometric Society, vol. 74(1), pages 121-146, January.
- F. Gul & W. Pesendorfer, 2002. "Random Expected Utility," Princeton Economic Theory Working Papers 497768e9b9fc18361ac0810b3, David K. Levine.
- Frederick Mosteller & Philip Nogee, 1951. "An Experimental Measurement of Utility," Journal of Political Economy, University of Chicago Press, vol. 59(5), pages 371-371.
- repec:cup:judgdm:v:3:y:2008:i::p:396-403 is not listed on IDEAS
- , & ,, 2006. "A model of choice from lists," Theoretical Economics, Econometric Society, vol. 1(1), pages 3-17, March.
- Bhat, Chandra R., 1995. "A heteroscedastic extreme value model of intercity travel mode choice," Transportation Research Part B: Methodological, Elsevier, vol. 29(6), pages 471-483, December.
- Michael Birnbaum & Ulrich Schmidt, 2008.
"An experimental investigation of violations of transitivity in choice under uncertainty,"
Journal of Risk and Uncertainty, Springer, vol. 37(1), pages 77-91, August.
- Birnbaum, Michael H. & Schmidt, Ulrich, 2008. "An experimental investigation of violations of transitivity in choice under uncertainty," Kiel Working Papers 1396, Kiel Institute for the World Economy (IfW Kiel).
- Blavatskyy, Pavlo R., 2008. "Stochastic utility theorem," Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1049-1056, December.
- Carlos Alós-Ferrer & Michele Garagnani, 2022.
"Strength of preference and decisions under risk,"
Journal of Risk and Uncertainty, Springer, vol. 64(3), pages 309-329, June.
- Carlos Alós-Ferrer & Michele Garagnani, 2019. "Strength of preference and decisions under risk," ECON - Working Papers 330, Department of Economics - University of Zurich, revised Feb 2022.
- Paulo Natenzon, 2019. "Random Choice and Learning," Journal of Political Economy, University of Chicago Press, vol. 127(1), pages 419-457.
- Deck, Cary & Jahedi, Salar & Sheremeta, Roman, 2021. "On the consistency of cognitive load," European Economic Review, Elsevier, vol. 134(C).
- Daniel J. Benjamin & Sebastian A. Brown & Jesse M. Shapiro, 2013.
"Who Is ‘Behavioral’? Cognitive Ability And Anomalous Preferences,"
Journal of the European Economic Association, European Economic Association, vol. 11(6), pages 1231-1255, December.
- Daniel J. Benjamin & Sebastian A. Brown & Jesse M. Shapiro, 2006. "Who is “Behavioral”? Cognitive Ability and Anomalous Preferences," Levine's Working Paper Archive 122247000000001334, David K. Levine.
- repec:hal:pseose:hal-00617673 is not listed on IDEAS
- Cappelletti, Dominique & Güth, Werner & Ploner, Matteo, 2011. "Being of two minds: Ultimatum offers under cognitive constraints," Journal of Economic Psychology, Elsevier, vol. 32(6), pages 940-950.
- Blavatskyy, Pavlo R., 2011. "Probabilistic risk aversion with an arbitrary outcome set," Economics Letters, Elsevier, vol. 112(1), pages 34-37, July.
- Echenique, Federico & Saito, Kota & Tserenjigmid, Gerelt, 2018. "The perception-adjusted Luce model," Mathematical Social Sciences, Elsevier, vol. 93(C), pages 67-76.
- Mel Win Khaw & Ziang Li & Michael Woodford, 2021. "Cognitive Imprecision and Small-Stakes Risk Aversion [Linear Mapping of Numbers onto Space Requires Attention]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1979-2013.
- Ballinger, T Parker & Wilcox, Nathaniel T, 1997. "Decisions, Error and Heterogeneity," Economic Journal, Royal Economic Society, vol. 107(443), pages 1090-1105, July.
- K. Carrie Armel & Antonio Rangel, 2008. "The Impact of Computation Time and Experience on Decision Values," American Economic Review, American Economic Association, vol. 98(2), pages 163-168, May.
- Anja Achtziger & Carlos Alós-Ferrer & Alexander Ritschel, 2020. "Cognitive load in economic decisions," ECON - Working Papers 354, Department of Economics - University of Zurich.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Duffy, Sean & Smith, John, 2024. "The random thickness of indifference," MPRA Paper 122165, University Library of Munich, Germany.
- Sean, Duffy & John, Smith, 2023. "Stochastic choice and imperfect judgments of line lengths: What is hiding in the noise?," MPRA Paper 116382, University Library of Munich, Germany.
- Alós-Ferrer, Carlos & Garagnani, Michele, 2022. "The gradual nature of economic errors," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 55-66.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Duffy, Sean & Gussman, Steven & Smith, John, 2019. "Judgments of length in the economics laboratory: Are there brains in choice?," MPRA Paper 93126, University Library of Munich, Germany.
- Duffy, Sean & Smith, John, 2020. "An economist and a psychologist form a line: What can imperfect perception of length tell us about stochastic choice?," MPRA Paper 99417, University Library of Munich, Germany.
- Sean, Duffy & John, Smith, 2023. "Stochastic choice and imperfect judgments of line lengths: What is hiding in the noise?," MPRA Paper 116382, University Library of Munich, Germany.
- S. Cerreia-Vioglio & F. Maccheroni & M. Marinacci & A. Rustichini, 2017.
"Multinomial logit processes and preference discovery: inside and outside the black box,"
Working Papers
615, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Simone Cerreia-Vioglio & Fabio Maccheroni & Massimo Marinacci & Aldo Rustichini, 2020. "Multinomial logit processes and preference discovery: inside and outside the black box," Papers 2004.13376, arXiv.org, revised Jan 2021.
- Simone Cerreia-Vioglio & Fabio Maccheroni & Massimo Marinacci, 2020. "Multinomial logit processes and preference discovery: outside and inside the black box," Working Papers 663, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Carlos Alós-Ferrer & Ernst Fehr & Nick Netzer, 2021.
"Time Will Tell: Recovering Preferences When Choices Are Noisy,"
Journal of Political Economy, University of Chicago Press, vol. 129(6), pages 1828-1877.
- Alós-Ferrer, Carlos & Fehr, Ernst & Netzer, Nick, 2021. "Time Will Tell: Recovering Preferences When Choices Are Noisy," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 129(6), pages 1828-1877.
- Alós-Ferrer, Carlos & Fehr, Ernst & Netzer, Nick, 2018. "Time Will Tell: Recovering Preferences When Choices Are Noisy," IZA Discussion Papers 11918, Institute of Labor Economics (IZA).
- Carlos Alós-Ferrer & Ernst Fehr & Nick Netzer, 2018. "Time will tell: recovering preferences when choices are noisy," ECON - Working Papers 306, Department of Economics - University of Zurich, revised Jun 2020.
- Carlos Alós-Ferrer & Ernst Fehr & Nick Netzer, 2018. "Time Will Tell: Recovering Preferences when Choices Are Noisy," CESifo Working Paper Series 7333, CESifo.
- Carlos Alos-Ferrer & Ernst Fehr & Nick Netzer, 2018. "Time will tell - Recovering Preferences when Choices are Noisy," Papers 1811.02497, arXiv.org.
- Liu Shi & Jianying Qiu & Jiangyan Li & Frank Bohn, 2024. "Consciously stochastic in preference reversals," Journal of Risk and Uncertainty, Springer, vol. 68(3), pages 255-297, June.
- Sean Duffy & J. J. Naddeo & David Owens & John Smith, 2024.
"Cognitive Load and Mixed Strategies: On Brains and Minimax,"
International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 26(03), pages 1-34, September.
- Duffy, Sean & Naddeo, JJ & Owens, David & Smith, John, 2016. "Cognitive load and mixed strategies: On brains and minimax," MPRA Paper 71878, University Library of Munich, Germany.
- Duffy, Sean & Naddeo, JJ & Owens, David & Smith, John, 2016. "Cognitive load and mixed strategies: On brains and minimax," MPRA Paper 89720, University Library of Munich, Germany.
- Yoram Halevy & David Walker-Jones & Lanny Zrill, 2023. "Difficult Decisions," Working Papers tecipa-753, University of Toronto, Department of Economics.
- Anja Achtziger & Carlos Alós-Ferrer & Alexander Ritschel, 2020. "Cognitive load in economic decisions," ECON - Working Papers 354, Department of Economics - University of Zurich.
- Carlos Alós-Ferrer & Michele Garagnani, 2022.
"Strength of preference and decisions under risk,"
Journal of Risk and Uncertainty, Springer, vol. 64(3), pages 309-329, June.
- Carlos Alós-Ferrer & Michele Garagnani, 2019. "Strength of preference and decisions under risk," ECON - Working Papers 330, Department of Economics - University of Zurich, revised Feb 2022.
- Chew, Soo Hong & Miao, Bin & Shen, Qiang & Zhong, Songfa, 2022. "Multiple-switching behavior in choice-list elicitation of risk preference," Journal of Economic Theory, Elsevier, vol. 204(C).
- Deck, Cary & Jahedi, Salar & Sheremeta, Roman, 2021. "On the consistency of cognitive load," European Economic Review, Elsevier, vol. 134(C).
- Guo, Liang, 2021. "Contextual deliberation and the choice-valuation preference reversal," Journal of Economic Theory, Elsevier, vol. 195(C).
- Victor H. Aguiar & Maria Jose Boccardi & Nail Kashaev & Jeongbin Kim, 2023.
"Random utility and limited consideration,"
Quantitative Economics, Econometric Society, vol. 14(1), pages 71-116, January.
- Victor H. Aguiar & Maria Jose Boccardi & Nail Kashaev & Jeongbin Kim, 2018. "Random Utility and Limited Consideration," Papers 1812.09619, arXiv.org, revised Jul 2022.
- Clithero, John A., 2018. "Response times in economics: Looking through the lens of sequential sampling models," Journal of Economic Psychology, Elsevier, vol. 69(C), pages 61-86.
- Jan Hausfeld & Sven Resnjanskij, 2017.
"Risky Decisions and the Opportunity Costs of Time,"
TWI Research Paper Series
108, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
- Jan Hausfeld & Sven Resnjanskij, 2018. "Risky Decisions and the Opportunity Cost of Time," ifo Working Paper Series 269, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Alós-Ferrer, Carlos & Garagnani, Michele, 2022. "The gradual nature of economic errors," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 55-66.
- Carlos Alós-Ferrer & Johannes Buckenmaier & Michele Garagnani, 2020. "Stochastic choice and preference reversals," ECON - Working Papers 370, Department of Economics - University of Zurich, revised Jul 2021.
- Caliari, Daniele, 2023. "Rationality is not consistency," Discussion Papers, Research Unit: Economics of Change SP II 2023-304, WZB Berlin Social Science Center.
More about this item
Keywords
Cognitive load; Choice overload; Memory; Search; Imperfect perception;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:soceco:v:93:y:2021:i:c:s2214804321000483. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620175 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.