Standard Economics assumes that decision makers carefully reflect and meditate on each alternative. Grounded on evidence from Psychology this thesis relaxes this assumption and develops a theoretical framework with imperfect reflection. We analyse the implications for both Positive and Normative Economics, and for Public Policy and introduce novel applications.
Dalton, P. Behavioural decisions : theory, implications and applications. (2009) 209 pp. [PhD Thesis, University of Warwick]