Eliciting Welfare Preferences from Behavioural Data Sets
An individual displays various preference orderings in different payoff-irrelevant circumstances. It is assumed that the variation in the observed preference orderings is the outcome of some cognitive process that distorts the underlying preferences of the individual. We introduce a framework for eliciting the individual's underlying preferences in such cases and then demonstrate it for two cognitive processes--satisficing and small assessment errors. Copyright 2012, Oxford University Press.
Year of publication: |
2012
|
---|---|
Authors: | Rubinstein, Ariel ; Salant, Yuval |
Published in: |
Review of Economic Studies. - Oxford University Press. - Vol. 79.2012, 1, p. 375-387
|
Publisher: |
Oxford University Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Two Comments on the Principle of Revealed Preference
Rubinstein, Ariel, (2006)
-
(A, f): Choice with Frames<xref ref-type="fn" rid="FN1">-super-1</xref>
Salant, Yuval, (2008)
-
Rubinstein, Ariel, (2006)
- More ...