Cognition and Decision Lab Papers

 

ECONOMIC DECISION MAKING WITH LIMITED ATTENTION;

"Risk Aversion as a Perceptual Bias", Mel Win Khaw, Ziang Li, Michael Woodford, March 2017, Working Paper
 
"Discrete Adjustment to a Changing Environment: Experimental Evidence" Mel Win Khaw, Luminita Stevens, Michael Woodford, December 2016, Working Paper (NBER no. 22978; CEPR no. 11725)
 
"Optimal Evidence Accumulation and Stochastic Choice", Michael Woodford, August 2016, Working Paper
 
Satisficing and Stochastic Choice” Victor Aguiar, Maria Jose Boccardi and Mark Dean, forthcoming, Journal of Economic Theory, Vol. 166, November 2016, pp. 445-482
 
"Rational Inattention, Optimal Consideration Sets and Stochastic Choice" Andrew Caplin, Mark Dean and John Leahy, June 2016, Working Paper
 
Limited Attention and Status Quo Bias” Mark Dean, Özgür Kıbrıs and Yusufcan Masatlioglu, forthcoming, Journal of Economic Theory

Revealed Preference, Rational Inattention and Costly Information Acquisition” Andrew Caplin and Mark Dean, American Economic Review, July 2015, 105 (7): 2183-2203
 
"Stochastic choice: An optimizing neuroeconomic model" Mike Woodford, The American Economic Review, January 2014, 104.5: 495-500
 
The Behavioral Implications of Rational Inattention with Shannon Entropy” Andrew Caplin and Mark Dean, August 2013, Working Paper 
 
"The Price of Flexibility: Towards a Theory of Thinking Aversion" Pietro Ortoleva,  Journal of Economic Theory, May 2013, Vol. 148, No. 3, 903–934
 
"Inattentive Valuation and Reference Dependent Choice" Mike Woodford, May 2012, Working Paper 
 
"Prospect theory as efficient perceptual distortion" Mike Woodford, The American Economic Review, 2012, 102.3: 41-46
 
Search and Satisficing” Andrew Caplin, Mark Dean and Daniel Martin), American Economic Review, December 2011, 101 (7): 2899-2922 

Search, Choice and Revealed Preference"  Andrew Caplin and Mark Dean, Theoretical Economics, January 2011, 6: 19-48 

"Information-constrained state-dependent pricing" Mike Woodford, Journal of Monetary Economics, June 2009, 56: S100-S124

"Inattention as a source of random discrete adjustments" Mike Woodford, April 2008, Working Paper
 

LINKS BETWEEN BEHAVIORAL ECONOMIC PHENOMENA


Allais, Ellsberg and Hedging” Mark Dean and  Pietro Ortoleva, Theoretical Economics, August 2015, Forthcoming 
 
Is it All Connected? A Testing Ground for Unified Theories of Behavioral Economics Phenomena”  Mark Dean and Pietro Ortoleva, May 2015 Working Paper 


INCOMPLETE PREFERENCES

 
"Stochastic Choice and Preferences for Randomization" Marina Agranov and Pietro Ortoleva Journal of Political Economy, Forthcoming
 
"Deliberately Stochastic" Simone Cerreia-Vioglio, David Dillenberger, Pietro Ortoleva and Gil Riella, May 2015, Working Paper 
 
"Cautious Expected Utility and the Certainty Effect "Simone Cerreia-Vioglio, David Dillenberger and Pietro Ortoleva Econometrica, March 2015, Vol. 83, No. 2, 693-728

"Incomplete Preferences under Uncertainty: Indecisiveness in Beliefs vs. Tastes" Efe Ok, Pietro Ortoleva and Gil Riella) Econometrica, July 2012,  Vol. 80, No. 4 , 1791 –1808

"Status Quo Bias, Multiple Priors and Uncertainty Aversion" Pietro Ortoleva, Gameand Economic Behavior, July 2010, Vol. 69 pp. 411 – 424
 
Status Quo Bias in Large and Small Choice Sets” Mark Dean, November 2008, Working Paper 
 

NEUROECONOMICS

How can Neuroscience inform Economics?” Mark Dean and Ian Krajbich), Current Opinion in Behavioral Sciences, October 2015, 4: 51-57 

The Behavioral Implications of Rational Inattention with Shannon Entropy” Andrew Caplin and Mark Dean, August 2013, Working Paper 
 
"What Can Neuroeconomics Tell us About Economic Decision Making?” Mark Dean Chapter in Comparative Decision Making, Philip Crowley and Thomas Zentall, eds, May 2012

Testing the Reward Prediction Error Hypothesis with an Axiomatic Model” Robb Rutledge, Mark Dean, Andrew Caplin and Paul Glimcher), Journal of Neuroscience, October 2010, 30(40):13525-13535 

Measuring Beliefs and Rewards: A Neuroeconomic Approach” Andrew Caplin, Mark Dean, Paul Glimcher and Robb Rutledge, Quarterly Journal of Economics, August 2010, 125(3): 923-960

Axiomatic Methods, Dopamine and Reward Prediction Error” Andrew Caplin and Mark Dena, Current Opinion in Neurobiology, August 2008, 18(2): 197-202 

"Dopamine, Reward Prediction Error, and Economics" Andrew Caplin and Mark Dean, Quarterly Journal of Economics, May 2008 123(2): 663-701