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Dynamic Random Utility
Frick, Mira - 2017
Under dynamic random utility, an agent (or population of agents) solves a dynamic decision problem subject to evolving private information. We analyze the fully general and non-parametric model, axiomatically characterizing the implied dynamic stochastic choice behavior. A key new feature...
Persistent link: https://www.econbiz.de/10012953649
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Dynamic Random Utility
Frick, Mira - 2018
We provide an axiomatic analysis of dynamic random utility, characterizing the stochastic choice behavior of agents who solve dynamic decision problems by maximizing some stochastic process (U_t) of utilities. We show first that even when (U_t) is arbitrary, dynamic random utility imposes new...
Persistent link: https://www.econbiz.de/10012908509
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Dispersed Behavior and Perceptions in Assortative Societies
Frick, Mira - 2019
We take an equilibrium-based approach to study the interplay between behavior and misperceptions in coordination games with assortative interactions. Our focus is assortativity neglect, where agents fail to take into account the extent of assortativity in society. We show, first, that...
Persistent link: https://www.econbiz.de/10012889639
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Dispersed Behavior and Perceptions in Assortative Societies
Frick, Mira; Iijima, Ryota; Ishii, Yuhta - 2021
We formulate a model of social interactions and misinferences by agents who neglect assortativity in their society, mistakenly believing that they interact with a representative sample of the population. A key component of our approach is the interplay between this bias and agents’ strategic...
Persistent link: https://www.econbiz.de/10013323098
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Intuitive Beliefs
Noor, Jawwad - 2020
Beliefs are intuitive if they rely on associative memory, which can be described as a network of associations between events. A belief-theoretic characterization of the model is provided, its uniqueness properties are established, and the intersection with the Bayesian model is characterized....
Persistent link: https://www.econbiz.de/10012845406
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Trust and Promises over Time
Ederer, Florian - 2020
Using a large-scale hybrid laboratory and online trust experiment with and without pre-play communication, we … investigate how the passage of time affects trust, trustworthiness, and cooperation. Communication (predominantly through promises …
Persistent link: https://www.econbiz.de/10012849057
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Rationalization and Cognitive Dissonance : Do Choices Affect or Reflect Preferences?
Chen, M. Keith - 2008
Cognitive dissonance is one of the most influential theories in psychology, and its oldest experiential realization is choice-induced dissonance. In contrast to the economic approach of assuming a person's choices reveal their preferences, psychologists have claimed since 1956 that people alter...
Persistent link: https://www.econbiz.de/10014047387
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Experimental Persuasion
Ball, Ian; Espín-Sánchez, José-Antonio - 2021
We introduce experimental persuasion between Sender and Receiver. Sender chooses an experiment to perform from a feasible set of experiments. Receiver observes the realization of this experiment and chooses an action. We characterize optimal persuasion in this baseline regime and in an...
Persistent link: https://www.econbiz.de/10013215572
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Communication and Learning
Anderlini, Luca; Gerardi, Dino; Lagunoff, Roger - 2008
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his … immediate predecessor, and in the case of public communication, in which each player hears the message of all previous players …
Persistent link: https://www.econbiz.de/10014220427
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Foundations of Intrinsic Habit Formation
Rozen, Kareen - 2010
We provide theoretical foundations for several common (nested) representations of intrinsic linear habit formation. Our axiomatization introduces an intertemporal theory of weaning a decision-maker from her habits using the device of compensation. We clarify differences across specifications of...
Persistent link: https://www.econbiz.de/10012759479