Internal and Substantive Inconsistencies in Decision-Making

Most behavioral decision studies are about internal inconsistencies of decisions - that decisions (choices or judgments) made in one condition are different from decisions made in an apparently different but normatively equivalent condition. The present article reviews behavioral decision studies that suggest a more substantive inconsistency - that decisions apparently made to maximize happiness (experienced utility) do not maximize happiness

MoreLess

Year of publication:	2008
Authors:	Hsee, Christopher K. ; Zhang, Jiao
Publisher:	[S.l.] : SSRN
Subject:	Entscheidung \| Decision \| Theorie \| Theory

Extent:	1 Online-Ressource (30 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: BLACKWELL HANDBOOK OF JUDGEMENT AND DECISION MAKING, D. Koehler, N. Harvey, eds., Oxford: Blackwell, 2004
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014026783