Narrow search
Showing 1 - 10 of 1,988
Cover Image
A salience theory of choice errors
Manzini, Paola; Mariotti, Marco - 2010
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after …
Persistent link: https://www.econbiz.de/10010269842
Cover Image
Estimating travellers' preferences for competition in commercial passenger rail transport
Paha, Johannes; Rompf, Dirk; Warnecke, Christiane - 2011
The current level of competition in European commercial passenger rail markets is low and empirical data on customer preferences in intramodal competition has hardly been available, yet. Our study raises the knowledge of competition in commercial passenger rail by exploring the determinants of...
Persistent link: https://www.econbiz.de/10010286431
Cover Image
Deriving belief operators from preferences
Asheim, Geir B. - 2000
A belief operator derived from preferences is presented. It generalizes ‘belief with probability1’ to incomplete preferences and satisfies minimal requirements for belief operators under weak conditions.
Persistent link: https://www.econbiz.de/10010284299
Cover Image
The semantics of preference-based belief operators
Asheim, Geir B.; Søvik, Ylva - 2003
We show how different kinds of belief operators derived from preferences can be defined in terms an accessibility relation of epistemic priority, and characterized by means of a vector of nested accessibility relations. The semantic structure is used to reconcile and compare certain non-standard...
Persistent link: https://www.econbiz.de/10010284443
Cover Image
Empirical models of consumer behavior
Nevo, Aviv - 2010
Models of consumer behavior play a key role in modern empirical Industrial Organization. In this paper, I survey some of the models used in this literature. In particular, I discuss two commonly used demand systems: multi-stage budgeting approaches and discrete choice models. I motivate their...
Persistent link: https://www.econbiz.de/10010332107
Cover Image
A discrete-choice model approach to optimal congestion charge
Strøm, Steinar; Vislie, Jon - 2008
We model the choice of transportation mode in a simplified Hotelling-like city, with a fixed number of total travellers, fixed road capacity and with no trade-off between when to travel and the time spent in a queue. A person that chooses to take her own car will inflict a congestion cost on all...
Persistent link: https://www.econbiz.de/10010285587
Cover Image
Constructive decision theory
Blume, Lawrence E.; Easley, David; Halpern, Joseph Y. - 2009
Contemporary approaches to decision making describe a decision problem by sets of states and outcomes, and a rich set … of acts: functions from states to outcomes over which the decision maker (DM) has preferences. Real problems do not come … decision making, in which the primitive objects of choice are syntactic programs. We show that if the DM's preference relation …
Persistent link: https://www.econbiz.de/10010294014
Cover Image
A within-subject analysis of other-regarding preferences
Blanco, Mariana; Engelmann, Dirk; Normann, Hans-Theo - 2010
We assess the predictive power of a model of other-regarding preferences - inequality aversion - using a within-subjects design. We run four different experiments (ultimatum game, dictator game, sequential-move prisoners' dilemma and public-good game) with the same sample of subjects. We elicit...
Persistent link: https://www.econbiz.de/10010302575
Cover Image
Relative consumption concerns or non-monotonic preferences?
Hillesheim, Inga; Mechtel, Mario - 2012
We conduct a classroom survey to investigate the willingness to sacrifice consumption in absolute terms in order to ascend above others in terms of consumption levels. In contrast to other studies using survey methodologies, participants are divided into a treatment and a control group. This...
Persistent link: https://www.econbiz.de/10010319758
Cover Image
Consumer preferences for water supply? An application of choice models to urban India
Anand, P. B. - 2001
a household survey where respondents were given the description of a set of options. Their decision to choose one of the …
Persistent link: https://www.econbiz.de/10010279042