Description-dependent preferences
| Autor: | Dino Borie, Dorian Jullien |
|---|---|
| Přispěvatelé: | Théorie économique, modélisation et applications (THEMA), Centre National de la Recherche Scientifique (CNRS)-CY Cergy Paris Université (CY), Groupe de Recherche en Droit, Economie et Gestion (GREDEG), Université Nice Sophia Antipolis (... - 2019) (UNS), COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Centre National de la Recherche Scientifique (CNRS)-Université Côte d'Azur (UCA), CODIREM |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Structure (mathematical logic)
Economics and Econometrics Transitive relation Choice set Class (set theory) Sociology and Political Science Computer science Decision theory 05 social sciences 16. Peace & justice [SHS.ECO]Humanities and Social Sciences/Economics and Finance Framing effect 050105 experimental psychology 0502 economics and business 0501 psychology and cognitive sciences 050207 economics Preference relation Mathematical economics Applied Psychology Axiom ComputingMilieux_MISCELLANEOUS |
| Zdroj: | Journal of Economic Psychology Journal of Economic Psychology, Elsevier, 2020, 81, pp.102311. ⟨10.1016/j.joep.2020.102311⟩ |
| ISSN: | 0167-4870 |
| DOI: | 10.1016/j.joep.2020.102311⟩ |
| Popis: | We propose a theoretical perspective on framing effects where decision makers violate the axiom of description invariance. We first propose a framework that makes this axiom explicit and then we weaken it to allow for description dependence. This framework provides a structure to disentangle different violations of description invariance. We then identify a particular class of violations that we call tidy description-dependent preferences, which are compatible with a transitive preference relation over the consequences of the choice set. We show that many violations observed in the literature are actually in this class. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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