This article documents the economic relevance of measuring cognitive uncertainty: people's
subjective uncertainty over their ex ante utility-maximizing decision. In a series of …

This paper will focus on the relationship between cognitive ability and decision-making
under risk and uncertainty. Taken as a whole, this research indicates that cognitive ability is …

In this paper, we ask whether variation in preference anomalies is related to variation in
cognitive ability. Evidence from a new laboratory study of Chilean high-school students with …

We study the estimation of risk preferences with experimental data and focus on the trade-
offs when choosing between two different elicitation methods that have different degrees of …

Recent experimental studies suggest that risk aversion is negatively related to cognitive
ability. In this paper we report evidence that this relation may be spurious. We recruit a large …

How does complexity affect people's reaction to tax changes? To answer this question, we
conduct an experiment in which subjects work for a piece rate and face taxes. One treatment …

Abstract Behavioral Operations Management investigates new developments around
behavioral components—" people issues"—in operations management (OM). While these" …

Risk aversion (a second‐order risk preference) is a time‐proven concept in economic
models of choice under risk. More recently, the higher order risk preferences of prudence …

Quick decision making under risk is ubiquitous in modern times, yet its consequences are
not fully understood. Time pressure might change people's risk preferences, lead to less …

The canonical conclusion from research on age differences in risky choice is that older
adults are more risk averse than younger adults, at least in choices involving gains. Most of …