Context-Dependent Choice as Explained by Foraging Theory

An agent makes consumption choices in multiple periods. Choice objects vary in type and quality; objects of the same type are inter-temporal substitutes. The current choice set is informative about the distribution over future choice sets. Thus, the presence of unchosen alternatives may rationally alter the agent's choice. Under some simple assumptions, the optimal policy exhibits context-dependent choice behavior, such as the decoy effect and choice overload

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Year of publication:	2018
Authors:	Li, Shengwu
Other Persons:	Yu, Ning (contributor)
Publisher:	[2018]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Entscheidung \| Decision \| Verhaltensökonomik \| Behavioral economics

Extent:	1 Online-Ressource (29 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2, 2016 erstellt
Other identifiers:	10.2139/ssrn.2687279 [DOI]
Classification:	D11 - Consumer Economics: Theory ; D83 - Search, Learning, Information and Knowledge ; D90 - Intertemporal Choice and Growth. General ; M31 - Marketing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012936784