Cognitive Foundations of Passive Choices †

@inproceedings{Altmann2018CognitiveFO,
  title={Cognitive Foundations of Passive Choices †},
  author={Steffen Altmann and Andreas Grunewald and Jonas Radbruch},
  year={2018}
}
Passive behavior is ubiquitous in many economic environments—even when facing various alternatives to choose from, individuals often fail to take decisions. This paper provides evidence on the cognitive foundations of such “passive choices”. In an experiment designed to study passive behavior, we first show that cognitive resource scarcity can lead to… CONTINUE READING