Quantifying the cost of decision fatigue: suboptimal risk decisions in finance

Making decisions over extended periods of time is cognitively taxing and can lead to decision fatigue, which is linked to a preference for the ‘default’ option, namely whatever decision involves relatively little cognitive effort. Such effects have been demonstrated across a number of applied settin...

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Bibliographic Details
Main Authors: Tobias Baer, Simone Schnall
Format: Article
Language:English
Published: The Royal Society 2021-05-01
Series:Royal Society Open Science
Subjects:
Online Access:https://royalsocietypublishing.org/doi/10.1098/rsos.201059