decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a …

This paper develops a model of choice that embeds some psychological aspects affecting decision maker's behaviour. In … the model, the decision maker attaches an unobservable psychological index -representing, e.g., the level of perceived … availability or the level of salience- to each alternative in a universal collection. Choice behaviour of the decision maker is …

If decision-makers (DMs) do not always do what is in their best interest, what do choices reveal about welfare? This … characterization of choice correspondences consistent with behavioral and standard DMs, propose a choice experiment to infer the …

decision-making that allows for suboptimal behavior. In a behavioral decision, the individual may not always internalize all … decision-making are, typically, distinguishable. Moreover, we show that under specific circumstances, it is possible to …

“satisficing” decision maker. In contrast to previous models (including recent models implementing alternative choice rules …), satisficing depends on the order in which alternatives are evaluated. We therefore conduct a visual conjoint experiment to collect …