Consider an agent with fuzzy preferences, who has to make exact choices when faced with different feasible sets of alternatives. Confining our analysis to the case of feasible sets with not more than two alternatives, we axiomatically characterize two broad classes of decision rules ('ratio...

Consider an agent with fuzzy preferences. This agent, however, has to make exact choices when faced with different feasible sets of alternatives. What rule does he follow in making such choices? This paper provides an axiomatic characterization of a class of binary choice rules called the...

Economic preferences are important for lifetime outcomes such as educational achievements, health status, or labor market success. We present a holistic view of how economic preferences are related within families. In an experiment with 544 families (and 1,999 individuals) from rural Bangladesh...

Economic preferences are important for lifetime outcomes such as educational achievements, health status, or labor market success. We present a holistic view of how economic preferences are related within families. In an experiment with 544 families (and 1,999 individuals) from rural Bangladesh...

Economic theory and empirical evidence establish that economic preferences predict behavior and life outcomes for children, adolescents, and adults. In this paper, we use novel data on 4,282 siblings aged 6 to 16 that combine incentivized measures of time, risk, and social preferences with...