Does inducing choice procedures make individuals better off? An experimental study

• Published in: Theory and decision Vol. 83; no. 1; pp. 37 - 59
• Main Authors: Mittone, Luigi, Papi, Mauro
• Format: Journal Article
• Language: English
• Published: New York Springer US 01.06.2017; Springer Nature B.V
• Subjects: Behavior; Behavioral/Experimental Economics; Decision making; Economic Theory/Quantitative Economics/Mathematical Methods; Economics; Economics and Finance; Finance; Game Theory; Heuristic; Insurance; Management; Operations Research/Decision Theory; Social and Behav. Sciences; Statistics for Business; Visual tasks; Between-subject; Simulations; Characteristic-based search; Holistic; Multi-attribute problem; Heuristic

Over the years the psychological and economic literature on multi-attribute individual decision-making has focused its attention on examining what class of heuristics better describes subjects’ behaviour. In contrast, motivated by the proliferation of online choice platforms, we investigate whether...