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Persistent link: https://www.econbiz.de/10011287249
those preferences. In this paper, we present a simple and abstract experiment to elicit paternalistic preferences and also …
Persistent link: https://www.econbiz.de/10014486989
The theory of revealed preferences offers an elegant way to test the neoclassical model of utility maximization subject to a linear budget constraint. In many settings, however, the set of available consumption bundles does not take the form of a linear budget set. In this paper, we adjust the...
Persistent link: https://www.econbiz.de/10014158237
References can influence choice. One of the well-studied cases is when a decoy is added to the menu. However small in magnitude, decoy effect violates the weak axiom of revealed preferences (WARP). In order to explain the small deviation from the classical revealed preference theory, I decompose...
Persistent link: https://www.econbiz.de/10011738532
. Participants are randomly assigned to an experiment session at a preferred time of day relative to their diurnal preference …
Persistent link: https://www.econbiz.de/10010457826
An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
Persistent link: https://www.econbiz.de/10010403098
This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following …-off there is an optimal number of goods that the decision maker wants to analyze before making his final choice. The choice of … with good consumer service can be a signal for high quality of the store. -- Decision making ; Bounded rationality ; Choice …
Persistent link: https://www.econbiz.de/10003962118
decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we … processing in complex decision making. …
Persistent link: https://www.econbiz.de/10011580853
exist in decision making. The study also tries to recognize the prime factors responsible for directing the consumer …’s purchasing decision towards the commodity. The study finds out that the Behavioral traits influence the decision-making approach … while purchasing the commodity and how prominent factors direct the consumer decision …
Persistent link: https://www.econbiz.de/10013245656
choice datasets have information on attribute values that vary across decision problems. This paper uses attribute variation …
Persistent link: https://www.econbiz.de/10012903045