Time inconsistency models characterize how this process is conducted by an individual at different points in time.
Time inconsistency models characterize how this process is conducted by an individual at different points in time. In Herbert Simon's book on this process's "administrative" type, people will employ the satisficing strategy during this process. It's not (*) thinking, but heuristics dictate a majority of this process in a book that examines the System 1 and System 2 modes that conduct this process. The 2017 Nobel Prize in Economics was given to Richard Thaler for research into "nudges," which tweak rationality assumptions and thereby change this process itself; Thaler opposes the homo economicus characterization of this process. Preference relations dictate this process's outcome. For 10 points, name this process that lends its name to fields of economics studying people's systematic actions among a set of alternatives.
Time inconsistency models characterize how this process is conducted by an individual at different points in time.
behavior [accept decision-making or choosing or clear equivalents; accept behavioral economics or decision theory or any type of choice theory like rational choice theory, social choice theory, etc.]