When Choices Are Mistakes

نویسندگان

چکیده

Using a laboratory experiment, we identify whether decision-makers consider it mistake to violate canonical choice axioms. To do this, incentivize subjects report axioms they want their decisions satisfy. Then, make lottery choices which might conflict with axiom preferences. In instances of conflict, give the opportunity re-evaluate decisions. We find that many individuals follow and revise be consistent shorter online show correlations mistakes response times measures cognition. (JEL C91, D12, D44, D91)

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ژورنال

عنوان ژورنال: The American Economic Review

سال: 2022

ISSN: ['2640-205X', '2640-2068']

DOI: https://doi.org/10.1257/aer.20201550