Decisions with Endogeneous Preference Parameters

Dalton, Patricio S.; Ghosal, Sayantan

doi:10.2139/ssrn.1570976

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Decisions with Endogeneous Preference Parameters

CentER Discussion Paper Series No. 2010-21

19 Pages Posted: 22 Mar 2010

See all articles by Patricio S. Dalton

Patricio S. Dalton

Tilburg University - Center for Economic Research (CentER)

Sayantan Ghosal

University of Warwick - Department of Economics; University of Glasgow - Adam Smith Business School

Date Written: February 28, 2010

Abstract

We relate the normative implications of a model of decision-making with endogenous preference parameters to choice theoretic models (Bernheim and Rangel 2007, 2009; Rubinstein and Salant, 2008) in which observed choices are determined by frames or ancillary conditions.

Keywords: Decisions, choice, frames, standard, behavioral, welfare

JEL Classification: D01, D62, C61, I30

Suggested Citation: Suggested Citation

Dalton, Patricio S. and Ghosal, Sayantan and Ghosal, Sayantan, Decisions with Endogeneous Preference Parameters (February 28, 2010). CentER Discussion Paper Series No. 2010-21, Available at SSRN: https://ssrn.com/abstract=1570976 or http://dx.doi.org/10.2139/ssrn.1570976