Many everyday decisions are made without full examination of all available options, and, as a result, the best available option may be missed. We develop a search-theoretic choice experiment to study the impact of incomplete consideration on the quality of choices. We find that many decisions can be understood using the satisficing model of Herbert Simon (1955): most subjects search sequentially, stopping when a "satisficing" level of reservation utility is realized. We find that reservation utilities and search order respond systematically to changes in the decision making environment. (JEL D03, D12, D83)

We consider holographic theories at finite temperature in which a continuous global symmetry in the bulk is spontaneously broken. We study the linear response of operators in a regime which is dual to time dependent, long wavelength deformations of solutions generated by the symmetry. By computing the boundary theory retarded Green's function we show the existence of a gapless mode with a diffusive dispersion relation. The diffusive character of the mode is compatible with the absence of a conserved charge from the field theory point of view. We give an analytic expression for the corresponding diffusion constant in terms of thermodynamic data and a new transport coefficient σ b which is fixed by the black hole horizon data. After adding a perturbative source on the boundary, we compute the resulting gap δω g as a simple function of σ b and of data of the thermal state. arXiv:1905.00398v2 [hep-th] 14 May 20191 Global symmetries are expected to be broken in a quantum theory of gravity [8,9] Nevertheless, they are perfectly well-behaved in the classical low-energy limit.2 Among other results, the authors of [10] considered the hydrodynamic limit of Green's functions in the case of gauged symmetry breaking in the bulk up to linear order in the wavenumber giving a holographic calculation of the speed of sound.

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We consider thermal phases of holographic lattices at finite chemical potential in which a continuous internal bulk symmetry can be spontaneously broken. In the normal phase, translational symmetry is explicitly broken by the lattice and the only conserved quantities are related to time translations and the electric charge. The long wavelength excitations of the corresponding charge densities are described by incoherent hydrodynamics yielding two perturbative modes which are diffusive. In the broken phase an additional hydrodynamic degree of freedom couples to the local chemical potential and temperature and we write an effective theory describing the coupled system at leading order in a derivative expansion.

International audienceWe provide a characterisation of choice behaviour generated by a Bayesian expected utility maximiser. The observable signature of this standard model is the impossibility of raising utility by switching wholesale from one action to another. We provide applications to robustness, to the recovery of utility from choice data and to model classification