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A model of reference-dependent belief updating

Maier, Johannes K.; König, Clemens - 2016

are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

Persistent link: https://www.econbiz.de/10011557745

Stochastic choice and preference reversals

Alós-Ferrer, Carlos; Buckenmaier, Johannes; Garagnani, … - 2021 - Revised version

Preferences over risky alternatives can be elicited by different methods, including direct pairwise choices and willingness-to-accept valuations. The results are frequently at odds, casting doubts on the foundations of economics. We develop a stochastic choice model predicting when...

Persistent link: https://www.econbiz.de/10012604712

On the origin of utility, weighting, and discounting functions : how they get their shapes and how to change their shapes

Stewart, Neil; Reimers, Stian; Harris, Adam J. L. - In: Management science : journal of the Institute for … 61 (2015) 3, pp. 687-705

Persistent link: https://www.econbiz.de/10010505814

Bringing (contingent) loss aversion down to earth : a comment on Gal & Rucker's rejection of "losses loom larger than gains"

Simonson, Itamar; Kivetz, Ran - In: Journal of consumer psychology : JCP : the official … 28 (2018) 3, pp. 517-522

Persistent link: https://www.econbiz.de/10011917328

Irresolute choice behavior

Karni, Edi - In: International journal of economic theory 20 (2024) 1, pp. 70-87

Persistent link: https://www.econbiz.de/10014468097

When choosing is painful : anticipated regret and psychological opportunity cost

Gabillon, Emmanuelle - In: Journal of economic behavior & organization : JEBO 178 (2020), pp. 644-659

Persistent link: https://www.econbiz.de/10012439136

Choice overload and asymmetric regret

Buturak, Gökhan; Evren, Özgür - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 1029-1056

decision maker who does not consider the possibility of experiencing regret for choosing the default option. By contrast, the … choice problems. Our main finding is a behavioral characterization of an asymmetric regret representation that depicts a … value of ordinary alternatives is subject to regret. The calculus of regret for ordinary alternatives is identical to that …

Persistent link: https://www.econbiz.de/10011744049

Group decisions, preference elicitation, experienced utility, survival probabilities, and portfolio value of information

Sarin, Rakesh; Keller, L. R. - In: Decision analysis : a journal of the Institute for … 10 (2013) 2, pp. 99-102

Persistent link: https://www.econbiz.de/10009761149

New developments in revealed preference theory : decisions under risk, uncertainty, and intertemporal choice

Echenique, Federico - In: Annual review of economics 12 (2020), pp. 299-316

This article reviews recent developments in revealed preference theory. It discusses the testable implications of theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments, subjected expected utility and maxmin expected utility...

Persistent link: https://www.econbiz.de/10012404579

Choice by iterative search

Masatlioglu, Yusufcan; Nakajima, Daisuke - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 3, pp. 701-728

When making choices, decision makers often either lack information about alternatives or lack the cognitive capacity to …

Persistent link: https://www.econbiz.de/10011685228