The thesis „Everyday Decision Making: A Theoretical and Empirical Study“ analyzes the individuals' decision-making and the role of institutions in creating incentives and influencing individuals' choices. The first part is descriptive and theoretical...
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The thesis „Everyday Decision Making: A Theoretical and Empirical Study“ analyzes the individuals' decision-making and the role of institutions in creating incentives and influencing individuals' choices. The first part is descriptive and theoretical and deeply rooted in behavioral public economics. It aims at understanding how people make decisions and the factors that affect their decision-making process. Therefore, Chapter 2 provides a critical discussion on the validity of the neoclassical rationality paradigm as a normative standard and discusses the need of the alternative, behavioral...