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A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a …
Persistent link: https://www.econbiz.de/10010509644
A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a …
Persistent link: https://www.econbiz.de/10010515471
A nudge is a paternalistic government intervention that attempts to improve choices by changing the framing of a …
Persistent link: https://www.econbiz.de/10011490048
The following analysis is meant to contribute to a history of rational choice theory. More specifically, I provide a multi-layered account of rational choice theory in terms of its biography as a scientific object. I argue that its axiomatic version, choice theory traveled between different...
Persistent link: https://www.econbiz.de/10011707612
slightly altering choice conditions (here nudge 1), they use rationality failures instrumentally (here nudge 2), and they …Nudge is a concept of policy intervention that originates in Thaler and Sunstein's (2008) popular eponymous book …. Following their own hints, we distinguish three properties of nudge interventions: they redirect individual choices by only …
Persistent link: https://www.econbiz.de/10011741579
How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality … rationality, with particular emphasis on growing formalization of those departures, which add necessary precision. We also explore … the relationship between bounded rationality and libertarian paternalism, or nudges, and show that some recent objections …
Persistent link: https://www.econbiz.de/10011926917
In this study we introduce a new stochastic choice rule that categorizes objects in order to simplify the choice procedure. At any given trial, the decision maker deliberately randomizes over mental categories and chooses the best item according to her utility function within the realized...
Persistent link: https://www.econbiz.de/10011526886
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...
Persistent link: https://www.econbiz.de/10012549756
Persistent link: https://www.econbiz.de/10012489614
preferences from revealed choices based on a normative understanding of neoclassical rationality. Using Buchanan's notion of … meaning of welfare emerges from an ongoing quest for individual self-constitution. If this holds true, then rationality axioms …
Persistent link: https://www.econbiz.de/10011666354