Salant, Yuval; Spenkuch, Jörg L. - National Bureau of Economic Research - 2022
We develop a model of satisficing with evaluation errors that incorporates complexity at the level of individual … maximization-based models. We further document that skill and time moderate the adverse effect of complexity, and that they … choice set but not its size. Our findings help to shed some of the first light on the importance of complexity outside of the …