Do people know their own risk preferences, or do risk choices change with experience and observation? We provide a straightforward test in the laboratory. People make an initial …
Widespread evidence from psychology and neuroscience documents that previous choices unconditionally increase the later desirability of chosen objects, even if those choices were …
L Li, AW Ando - Land Economics, 2023 - le.uwpress.org
Widespread global grassland destruction motivates restoration efforts. However, little research on public preferences exists to inform restoration decisions, and reduced exposure …
S Adloff, K Rehdanz - Journal of choice modelling, 2024 - Elsevier
Community support for climate change adaptation projects markedly benefits effective protection. A relevant driver of community support is the perceived attribution of …
We provide an axiomatic characterization of Bayesian updating, viewed as a mapping from prior beliefs and new information to posteriors, which is disentangled from any reference to …
Choice Blindness occurs when individuals fail to notice a mismatch between their stated preference and the outcome of their choice. While it is prevalent in areas of considerable …
M Betto - 2024 - … .sa-saopaulo-1.oci.customer-oci.com
This paper models and analyzes the role of cognition in the refinement of preferences and choices. As cognition increases, choices become more selective, resulting in narrower sets …
Migrant remittances are significant but remain relatively costly to send. Policymakers have argued that fintech, specifically, comparison websites like kayak. com but for sending …
We propose a framework for the analysis of choice behaviour when the latter is made explicitly in chronological order. We relate this framework to the traditional choice theoretic …