actual choices and may reflect true and stable preferences. After exploring both viewpoints, this paper concludes that narrow … function (SWF) should take into consideration the behavioral components of preferences. One school of thought claims that … may partially, if not completely, shape authentic and stable preferences. This paper then shows that the socially optimal …

We propose new methods to model behavior and conduct welfare analysis in complex environments where some choices are … unlikely to reveal preferences. We develop a mixture-of-experts model that incorporates heterogeneity in consumers' preferences … and in their choice processes. We also develop a method to decompose logit errors into latent preferences versus …