This paper contrasts the normative implications of a model of decision- making with endogenous frames to those of … choice theoretic models of Bernheim and Rangel (2007, 2009) and Rubinstein and Salant (2008) in which observed choices are … determined by exogenous frames or ancillary conditions. We argue that frames, though exogenous to the individual at the point …

in the literature. We characterize the conditions under which behavioural and standard decisions problems are … and (b) there is a feedback effect from chosen actions to preference parameters. In a standard decision problem the chosen … preferences cannot be used for making welfare judgements and we characterize the conditions under which they can inform welfare …

, allowing informed decisions. nicola c. salerno [nicola.salerno@tin.it] …

main idea is that any method of ascribing welfare to an individual as a function of choice is subjective, and depends on … an individual welfare functional as a mapping from stochastic choice functions into weak orders. A stochastic choice … two choice distributions. Together with some mild technical requirements, such an individual welfare functional must …

, Edward R. Morey contrasts neoclassical choice theory with behavioral models and findings in psychology, neuroscience … -- Chapter 2: Welfare (well-faring) economics as a theory of what is right and wrong—my take -- chapter 3: Could economicus be …: What is a choice? Choice or the illusion of choice? -- Chapter 9: How would you define a choice? And the difference between …