There are many modeling works that aim to explain people's behaviors that violate classical
economic theories. However, these models often do not take into full account the multi-stage …

When making decisions under risk, people often exhibit behaviors that classical economic
theories cannot explain. Newer models that attempt to account for these irrational behaviors …

This study addresses the self-fulfilling prophecy effect, in the domain of economic decision-
making. We present experimental data in support of the hypothesis that speculative …

Decision making is an interdisciplinary field, which is explored with methods spanning from
economic experiments to brain scanning. Its dominant paradigms such as utility theory …

Traditional theories of decision-making assume that utilities are based on the intrinsic value
of outcomes; in turn, these values depend on associations between expected outcomes and …

The Availability bias, manifested in the over-representation of extreme eventualities in
decision-making, is a well-known cognitive bias, and is generally taken as evidence of …

Neurocognitive theories of value-based choice propose that people additively accumulate
choice attributes when making decisions. These theories cannot explain the emergence of …

When people anticipate uncertain future outcomes, they often prefer to know their fate in
advance. Inspired by an idea in behavioral economics that the anticipation of rewards is …

In a model inspired by neuroscience, we show that constrained optimal perception encodes
lottery rewards using an S-shaped encoding function and over-samples low-probability …

Research in the multidisciplinary field of neuroeconomics has mainly been driven by two
influential theories regarding human economic choice: prospect theory, which describes …