Similar Search Results

The two faces of independence: Betweenness and homotheticity

Burghart, Daniel R.; Epper, Thomas; Fehr, Ernst - 2014

independence can be decomposed into two distinct axioms - betweenness and homotheticity - and that these two axioms are necessary … and sufficient for independence. Thus, independence can fail because homotheticity, betweenness, or both are violated … satisfy betweenness but violate homotheticity. Our decomposition of independence into betweenness and homotheticity allows us …

Persistent link: https://www.econbiz.de/10011282512

The two faces of independence: betweenness and homotheticity

Burghart, Daniel R.; Epper, Thomas; Fehr, Ernst - Institut für Volkswirtschaftslehre, … - 2014

independence can be decomposed into two distinct axioms – betweenness and homotheticity – and that these two axioms are necessary … and sufficient for independence. Thus, independence can fail because homotheticity, betweenness, or both are violated … satisfy betweenness but violate homotheticity. Our decomposition of independence into betweenness and homotheticity allows us …

Persistent link: https://www.econbiz.de/10011074871

The two faces of independence : betweenness and homotheticity

Burghart, Dan - In: Theory and decision : an international journal for … 88 (2020) 4, pp. 567-593

Persistent link: https://www.econbiz.de/10012237126

Measuring tastes for equity and aggregate wealth behind the veil of ignorance

Heufer, Jan; Shachat, Jason M.; Xu, Yan - 2018

We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...

Persistent link: https://www.econbiz.de/10011928322

Preference anomalies, preference elicitation and the discovered preference hypothesis

Braga, Jacinto (contributor); Starmer, Chris (contributor) - 2004 - [Elektronische Ressource]

There is wide-ranging evidence, much of it deriving from economics experiments, of ‘anomalies’ in behaviour that challenge standard preference theories. This paper explores the implications of these anomalies for preference elicitation methods. Because methods that are used to inform public...

Persistent link: https://www.econbiz.de/10002459530

Search Costs in Consumer Product Choice : Does Delaying the Provision of Information Increase Choice Efficiency?

Sonntag, Axel - 2013

Using online price comparison and shopping platforms makes experiencing slow connections, lags and waiting times for information an unfortunate reality. However, little attention has been paid to analyzing the effects of delayed provision of information on product choice behavior. In this...

Persistent link: https://www.econbiz.de/10013082980

Freedom of Choice, Ease of Use, and the Formation of Interface Preferences

Murray, Kyle B.; Häubl, Gerald - 2013

How does users’ freedom of choice, or the lack thereof, affect interface preferences? The research reported in this article approaches this question from two theoretical perspectives. The first of these argues that an interface with a dominant market share benefits from the absence of...

Persistent link: https://www.econbiz.de/10014044592

Unifying Procedure-Dependent Preference Reversals : Theory and Experiments

Guo, Liang - 2021

Elicitation procedures (e.g., choice, valuation, matching, joint/separate evaluation) may generate reversed preferences between alternatives. Yet procedure-dependent preferences can be endogenous. When attribute importance is imperfectly known, people can engage in costly information...

Persistent link: https://www.econbiz.de/10013314068

Beliefs and utility : experimental evidence on preferences for information

Falk, Armin; Zimmermann, Florian - 2016

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utilityconsequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...

Persistent link: https://www.econbiz.de/10011523747

Beliefs and utility : experimental evidence on preferences for information

Falk, Armin; Zimmermann, Florian - 2016

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...

Persistent link: https://www.econbiz.de/10011528156

1
2
3
4
5
6
7
8
9
10
Next
Last