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A philosophical and formal analysis of pairwise preferences. Discussions of symbolic representation and computation more generally. Development of various types of analyses which can be performed on pairwise preference data and their properties
Persistent link: https://www.econbiz.de/10012889933
In the generalized expected utility framework, the multiplicative relationship between preferences and beliefs complicates the identification of risk preferences. In experimental or field settings, the respondent's decision weight must be known with certainty to confidently infer accurate...
Persistent link: https://www.econbiz.de/10013219819
There is great interest in understanding the value of data, and different empirical approaches have begun to be explored, in the academic literature and in commercial contexts. However, the existence of informational externalities and the non-rival character of data immediately imply that...
Persistent link: https://www.econbiz.de/10013312267
An emerging literature highlights the importance of empowering women. Female decision-making power is typically measured by surveying only one partner, but the few studies surveying both have documented large differences in perceptions. We analyze these perceptions and their consequences, using...
Persistent link: https://www.econbiz.de/10011962355
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complexity, which increases when suboptimal alternatives become more similar to optimal ones. We develop a satisficing …
Persistent link: https://www.econbiz.de/10012602341
The standard economic choice model assumes that the decision maker chooses from <i>sets</i> of alternatives. In contrast, we analyze a choice model in which the decision maker encounters the alternatives in the form of a <i>list</i>. We present two axioms similar in nature to the classical axioms of choice...
Persistent link: https://www.econbiz.de/10011704472
When making choices, decision makers often either lack information about alternatives or lack the cognitive capacity to analyze every alternative. To capture these situations, we formulate a framework to study behavioral search by utilizing the idea of consideration sets. Consumers engage in a...
Persistent link: https://www.econbiz.de/10011685228
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