Decisions with Endogenous Frames (Replaces CentER DP 2010-21)

This paper contrasts the normative implications of a model of decision- making with endogenous frames to those of choice theoretic models of Bernheim and Rangel (2007, 2009) and Rubinstein and Salant (2008) in which observed choices are determined by exogenous frames or ancillary conditions. We argue that frames, though exogenous to the individual at the point when choices are made, matter for welfare purposes.

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Year of publication:	2010
Authors:	Dalton, Patricio Santiago ; Ghosal, S.
Institutions:	Tilburg University, Center for Economic Research
Subject:	Decisions \| choice \| frames \| standard \| behavioral \| welfare

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CentER Discussion Paper Number 2010-142
Classification:	D01 - Microeconomic Behavior: Underlying Principles ; D62 - Externalities ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; I30 - Welfare and Poverty. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011092856