Decisions with Endogeneous Preference Parameters

Abstract

This paper relates 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.

Citation

19 pp.

Decisions with Endogeneous Preference Parameters

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