Project

Noisy cognition and decision-making

Code
bof/baf/4y/2024/01/383
Duration
01 January 2024 → 31 December 2025
Funding
Regional and community funding: Special Research Fund
Research disciplines
  • Social sciences
    • Micro-based behavioural economics
Keywords
Noisy cognition decision-making risk taking
 
Project description

Over the last 60 years, scholars have identified an increasing number of behavioural deviations from the standard models in economics. They have furthermore devised a wide variety of descriptive models that can capture these anomalies, which has led to a proliferation of formal models. Recent evidence, however, shows that deviations from standard models may be the outgrowth of noisy cognition: noisy or approximate assessments of the choice quantities themselves may be responsible for many of the phenomena that have traditionally been attrbuted to preferences. Here, I am to continue this research agenda from both an empirical and a theoretical vantage point.