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Reason-based choice: a bargaining rationale for the attraction and compromise effects
de Clippel, Geoffroy; Eliaz, Kfir - In: Theoretical Economics 7 (2012) 1, pp. 125-162
solution to an intra-personal bargaining problem among different selves of an individual, where each self represents a … coincide with our bargaining solution, for some pair of preference relations. Second, we provide a revealed …-preference foundation to our bargaining solution and characterize the extent to which these two preference relations can be uniquely …
Persistent link: https://www.econbiz.de/10011599458
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Reason-based choice: a bargaining rationale for the attraction and compromise effects
de Clippel, Geoffroy; Eliaz, Kfir - In: Theoretical Economics 7 (2012) 1
solution to an intra-personal bargaining problem among different selves of an individual, where each self represents a … coincide with our bargaining solution, for some pair of preference relations. Second, we provide a revealed …-preference foundation to our bargaining solution and characterize the extent to which these two preference relations can be uniquely …
Persistent link: https://www.econbiz.de/10008800997
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Market experience is a reference point in judgments of fairness
Herz, Holger; Taubinsky, Dmitry - 2013
People's desire for fair transactions can play an important role in negotiations, organizations, and markets. In this paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally-applicable model of path-dependent fairness...
Persistent link: https://www.econbiz.de/10009774351
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Reason-based choice : a bargaining rationale for the attraction and compromise effects
De Clippel, Geoffroy; Eliaz, Kfir - 2009
Persistent link: https://www.econbiz.de/10003880038
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Reason-based choice : a bargaining rationale for the attraction and compromise effects
De Clippel, Geoffroy; Eliaz, Kfir - 2009
solution to an intra-personal bargaining problem among different selves of an individual, where each self represents a … coincide with our bargaining solution, for some pair of preference relations. Second, we provide a revealed …-preference foundation to our bargaining solution and characterize the extent to which these two preference relations can be uniquely …
Persistent link: https://www.econbiz.de/10003897572
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Reason-based choice : a bargaining rationale for the attraction and compromise effects
De Clippel, Geoffroy; Eliaz, Kfir - In: Theoretical economics : TE ; journal of the Econometric … 7 (2012) 1, pp. 125-162
Persistent link: https://www.econbiz.de/10009582161
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Market experience is a reference point in judgments of fairness
Herz, Holger; Taubinsky, Dmitry - 2013
People's desire for fair transactions can play an important role in negotiations, organizations, and markets. In this paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally-applicable model of path-dependent fairness...
Persistent link: https://www.econbiz.de/10010333105
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Satisficing behavior with a secondary criterion
Tyson, Christopher J. - 2014
Using the techniques of revealed preference analysis, we study a two-stage model of choice behavior. In the first stage, the decision maker maximizes a menu-dependent binary relation encoding preferences that are imperfectly perceived. In the second, a menu-independent binary relation is...
Persistent link: https://www.econbiz.de/10010472896
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Limited attention in case-based belief formations
Bleile, Jörg - 2014
An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
Persistent link: https://www.econbiz.de/10010403098
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Choosing on influence
Cuhadaroglu, Tugce - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 2, pp. 477-492
Interaction, the act of mutual influence, is an essential part of daily life and economic decisions. This paper presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from each other for those issues that they cannot solve on...
Persistent link: https://www.econbiz.de/10011704862