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by a similarity weighted average of the estimations induced by each past attentiongrabbing observation. An appealing …
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information. We provide axiomatic characterisations of two classes of Similarity Revelation Rules: one that allows for different … similarity thresholds for different pairs of alternatives, and one in which the threshold is the same for all pairs of … transitive similarity relation. The article concludes with a discussion of the limitations of the analysis and the relationship …
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This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment in which participants make a series of choices between...
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I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity. In a between-subjects design I vary whether subjects learn choices made individually by a "peer" in a first part when facing the same task a second time, and whether prospects...
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