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Costa-Gomes, Miguel A.; Cuevas, Carlos E.; Gerasimou, … - 2014

Persistent link: https://www.econbiz.de/10011287249

Eliciting paternalistic preferences : an incentivised experiment

Schütze, Tobias; Carlhoff, Henrik; Witschel, Helena - 2024 - This version: March 1, 2024

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

Revealed Preference Theory for Finite Choice Sets

Cosaert, Sam; Demuynck, Thomas - 2013

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

Referential revealed preference theory

Nosratabadi, Hassan - 2017 - This Draft: October 16, 2017

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

Limited attention in case-based belief formations

Bleile, Jörg - 2014

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

Limited attention and choice

Kaiser, Karen - 2010

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

Testing the advantages of conscious vs. unconscious thought for complex decisions in a distraction free paradigm

McElroy, Todd; Dickinson, David L. - 2016

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

Indifference, indecisiveness, experimentation and stochastic choice

Ok, Efe A.; Tserenjigmid, Gerelt - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 651-686

or indecisiveness between certain alternatives, and/or her willingness to experiment in the sense of occasionally …

Persistent link: https://www.econbiz.de/10013273770

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

Beliefs and utility : experimental evidence on preferences for information

Falk, Armin; Zimmermann, Florian - 2016

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utilityconsequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...

Persistent link: https://www.econbiz.de/10011523747