DR@W
DR@W
Decision Research at Warwick (DR@W) is an interdisciplinary initiative which focuses on behavioural and experimental research of decision making.
Formed in January 2010, DR@W brings together researchers and students from Economics, Psychology, Statistics, Warwick Mathematics Institute, Warwick Manufacturing Group and Warwick Business School that are interested in current developments in the area of experimental and behavioural research.
The Department of Economics have created and manage a large computer laboratory for use with experiments.
Visit the Decision Research at Warwick website for further details.
DR@W Forum: Davide Pace (LMU)
The economic consequences of memory limitations (With Taisuke Imai)
Since the beginning of history, humans have been codifying important information, storing it in safe and accessible ways. Recently, economists have started investigating imperfect human memory as a unifying cognitive cause of behavioral mistakes. In this paper, we develop an information acquisition model, whose assumptions are rooted in the psychological findings on human memory, to identify the contexts in which memory limitations are a promising explanation of human mistakes despite information being codified. Our results are consistent with documented empirical patterns and provide a map empiricists can use to decide whether to investigate the role of memory limitations in the settings they study.