Elementary economics tells us that a good decision is to maximize utility. Utility refers to how desirable a task or choice is for an individual. Maximizers are people who strive to get the very best ...
Elementary economics tells us that a good decision is to maximize utility. Utility refers to how desirable a task or choice is for an individual. Maximizers are people who strive to get the very best ...
Research in decision-making has increasingly focused on the continuum between maximisation and satisficing. Maximisation is characterised by an exhaustive search for the optimum option, often ...
A popular streaming service boasts a film inventory approaching 4,000 titles. When it’s time to pick a movie, are you more likely to quickly make a decision or meticulously sift through the ...
Abstract: We develop a satisficing model of choice in which the available alternatives differ in their inherent complexity. We assume---and experimentally validate---that complexity leads to errors in ...
BUFFALO, N.Y. – A popular streaming service boasts a film inventory approaching 4,000 titles. When it’s time to pick a movie, are you more likely to quickly make a decision or meticulously sift ...
BUFFALO, N.Y. - A popular streaming service boasts a film inventory approaching 4,000 titles. When it's time to pick a movie, are you more likely to quickly make a decision or meticulously sift ...
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