| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7370686 | The Journal of Socio-Economics | 2013 | 7 Pages |
Abstract
⺠We argue that when a cognitive effort is required, the decision-maker asks for a monetary premium. ⺠In our experiment, the participants were asked to bid for lotteries with different complexity. ⺠We created cognitive efforts by asking participants to use a calculator. ⺠The increase in cognitive efforts increases the monetary premium.
Keywords
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mosi Rosenboim, Tal Shavit, Chen Cohen,