Discounting-induced preference reversals make consistent and efficient choice over time a challenge.
Inequality in payoffs in the Nash equilibrium makes consistent decisions (of choices and first-order beliefs, respectively of first- and second-order beliefs) less likely.
16 Result 3: Teams make more often consistent choices than individuals, such that the choices of a team are more frequently a best reply to their first-order point beliefs about the opponent's behavior.
Thus, it seems that the semantic content of the words 'automatically' prepared participants to make choices consistent with their valence, and thus acceptance choices were speeded after positive adjectives whereas rejection decisions were faster after negative-valenced words.
The Ellsberg paradox is that people so strongly prefer definite information over ambiguity that they make choices consistent neither with the laws of probability nor with themselves.
Patients with lesions to the OFC constitute the archetypal case of counterfactual dysfunction, experiencing attenuated regret and failing to make choices consistent with its avoidance (17,18).
Decision coaching supports SDM and coaches are trained to be non-directive, to provide evidence, and to support people rather than offer advice, so that people make choices consistent with their own values and beliefs [ 15, 16].
Unlike Ms. Brewer, Mr. Perry has made the ideologically consistent choice rather than the responsible one.
The other is Tobin-Brainard (pdf), which portrays the financial system in terms of a portfolio equilibrium, in which each sector — households, banks, firms, etc. — choose the mixes of assets and liabilities they want to hold, and asset prices adjust to make these choices consistent.
Similarly, if we ask, "Is the volume of bank lending determined by the amount the public chooses to deposit in banks, or is the amount deposited in banks determined by the amount banks choose to lend?", the answer is once again "Yes"; financial prices adjust to make those choices consistent.
