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Choice, Deferral and Consistency
Costa-Gomes, Miguel; Cueva, Carlos; Gerasimou, Georgios - School of Economics and Finance, University of St. Andrews - 2014
In this paper we study decision making in situations where the individual's preferences are not assumed to be complete … incomparability based on observable data. A simple extension of this model also incorporates decision costs and provides a theoretical …
Persistent link: https://www.econbiz.de/10011105585
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Asymmetric Dominance, Deferral and Status Quo Bias in a Theory of Choice with Incomplete Preferences
Gerasimou, Georgios - Volkswirtschaftliche Fakultät, … - 2012
This paper proposes a model of individual choice that does not assume completeness of the decision maker's preferences …. A decision maker who follows the decision rule featured in the model chooses an alternative from a menu if it is totally … preference-undominated in that menu and at the same time is also partially preference-dominant. In situations where the decision …
Persistent link: https://www.econbiz.de/10011107581
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Is Utility Transferable? A Revealed Preference Analysis
Cherchye, L.J.H.; Demuynck, T.; de Rock, B. - Tilburg University, Center for Economic Research - 2011
We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic models. First, we establish revealed preference conditions that must be satisfied for observed group behavior to be consistent with Pareto efficiency under transferable utility....
Persistent link: https://www.econbiz.de/10011092784
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Identity, Homophily and In-Group Bias
Currarini, Sergio; Menge, Friederike - Fondazione ENI Enrico Mattei (FEEM) - 2012
School of Economics, University of Nottingham, University Park Campus and Department of Economics (AE1), Maastricht University
Persistent link: https://www.econbiz.de/10010552188
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Organizations, Diffused Pivotality and Immoral Outcomes
Falk, Armin; Szech, Nora - CESifo - 2013
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …
Persistent link: https://www.econbiz.de/10010877864
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Organizations, Diffused Pivotality and Immoral Outcomes
Falk, Armin; Szech, Nora - Institute for the Study of Labor (IZA) - 2013
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …
Persistent link: https://www.econbiz.de/10010667864
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Organizations, Diffused Pivotality and Immoral Outcomes
Falk, Armin; Szech, Nora - C.E.P.R. Discussion Papers - 2013
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for …
Persistent link: https://www.econbiz.de/10011084048
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Consistency in Simple vs. Complex Choices over the Life Cycle
Brocas, Isabelle; Carrillo, Juan D; Combs, T. Dalton; … - C.E.P.R. Discussion Papers - 2015
for consistent decision-making. …
Persistent link: https://www.econbiz.de/10011186610
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The two faces of independence: betweenness and homotheticity
Burghart, Daniel R.; Epper, Thomas; Fehr, Ernst - Institut für Volkswirtschaftslehre, … - 2014
revealed preference experiment, and without making any parametric assumptions, we show that 1/3 of participants belong in the …
Persistent link: https://www.econbiz.de/10011074871
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Contracts, Biases and Consumption of Access Services
Leider, Stephen G.; Sahin, Özge - CESifo - 2012
We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face while using access services. Typical examples of such services include telecommunication services, extended warranties for consumer electronics, and club memberships. We demonstrate...
Persistent link: https://www.econbiz.de/10009416116