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Neural Random Utility : Relating Cardinal Neural Observables to Stochastic Choice Behaviour'

Webb, Ryan; Glimcher, Paul; Levy, Ifat; Lazzaro, Stephanie - 2019

We assess whether a cardinal model can be used to relate neural observables to stochastic choice behaviour. We develop a general empirical framework for relating any neural observable to choice prediction, and propose a means of bench-marking their predictive power. In a previous study,...

Persistent link: https://www.econbiz.de/10014165905

Neural antecedents of a random utility model

Lusk, Jayson L.; Crespi, John M.; McFadden, Brandon R.; … - In: Journal of economic behavior & organization : JEBO 132 (2016) 1, pp. 93-103

Persistent link: https://www.econbiz.de/10011703086

The self according to others : explaining social preferences with social approbation

Ruiz, Oswin Krüger - In: Economic thought 9 (2020) 2, pp. 38-54

-purpose measure of value: utility, which is often instrumented by consumption. Collective action is therefore only sustainable where … an extrinsic motive for pro-social behaviour. I formalise the mechanism by proposing a simple utility function in which …

Persistent link: https://www.econbiz.de/10012617569

Time will tell : recovering preferences when choices are noisy

Alós-Ferrer, Carlos; Fehr, Ernst; Netzer, Nick - 2018 - This version: October 2018

. Overwhelming evidence shows that choice is stochastic, which has given rise to random utility models as the dominant paradigm in … choices reveal preferences without assumptions on the structure of utility noise. Sharper results are obtained if the analysis … conclude by showing that standard random utility models from economics and standard drift-diffusion models from psychology …

Persistent link: https://www.econbiz.de/10011926039

Time will tell : recovering preferences when choices are noisy

Alós-Ferrer, Carlos; Fehr, Ernst; Netzer, Nick - 2018 - This version: October 2018

Persistent link: https://www.econbiz.de/10011929616

Time will tell : recovering preferences when choices are noisy

Alós-Ferrer, Carlos; Fehr, Ernst; Netzer, Nick - 2018

Persistent link: https://www.econbiz.de/10011946760

Attention and salience in preference reversals

Alós-Ferrer, Carlos; Ritschel, Alexander - 2021

We investigate the implications of Salience Theory for the classical preference reversal phenomenon, where monetary valuations contradict risky choices. It has been stated that one factor behind reversals is that monetary valuations of lotteries are inflated when elicited in isolation, and that...

Persistent link: https://www.econbiz.de/10012520210

Time will tell : recovering preferences when choices are noisy

Alós-Ferrer, Carlos; Fehr, Ernst; Netzer, Nick - 2020 - This version: June 2020

Persistent link: https://www.econbiz.de/10012243088

Top-down or bottom-up? : disentangling channels of attention in risky choice

Engelmann, Jan; Hirmas, Alejandro; Weele, Joël J. van der - 2021

understanding of their relative importance. We propose a multi-attribute random utility model that unifies prior theoretical …

Persistent link: https://www.econbiz.de/10012510861

The gender reference point gap

Kettlewell, Nathan; Levy, Jonathan; Tymula, Agnieszka; … - 2023

Studies have frequently found that women are more risk averse than men. In this paper, we depart from usual practice in economics that treats risk attitude as a primitive, and instead adopt a neuroeconomic approach where risk attitude is determined by the reference point which can be easily...

Persistent link: https://www.econbiz.de/10014279738