The Decision-Conflict Logit

We introduce the *decision-conflict logit*, a simple and disciplined extension of the logit with an outside option that assigns a menu-dependent utility to that option. The relative value of this utility at a menu could be interpreted as proxying decision difficulty and determines the probability of avoiding/delaying choice at that menu. We focus on two structured special cases of this model that offer complementary insights, and argue that they explain intuitively a variety of observed choice-deferral effects. We illustrate the models' applicability in theoretical and empirical economics.