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Persistent link: https://www.econbiz.de/10005290703
We develop a framework for modelling choice in the presence of framing effects. An "extended choice function "assigns a chosen element to every pair ("A", "f") where "A "is a set of alternatives, and "f "is a "frame". A frame includes observable information that is irrelevant in the rational...
Persistent link: https://www.econbiz.de/10005312702