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dc.contributor.authorGüney, Begüm
dc.contributor.authorRichter, M.
dc.date.accessioned2019-02-05T08:40:28Z
dc.date.available2019-02-05T08:40:28Z
dc.date.issued2018-12
dc.identifier.issn0167-2681en_US
dc.identifier.urihttp://hdl.handle.net/10679/6141
dc.identifier.urihttps://www.sciencedirect.com/science/article/abs/pii/S0167268118302221
dc.description.abstractWe axiomatically characterize a theory of status quo-dependent choice where an agent faces switching costs that depend upon both the status quo and the alternative he switches to. In a choice problem with a status quo, the agent chooses the alternatives that yield the highest utility net of switching cost. This generates status quo bias and also allows for a wide range of reference effects. We examine the behavior of such agents in Prisoner’s Dilemma (PD) games. In a single PD game, switching costs can lead to cooperation. However, across different PD games, it is not “anything goes” and instead we derive necessary and sufficient conditions for cooperation rates to be consistent with our model. We then verify that these conditions are satisfied by Charness et al.’s (2016) experimental data. We also perform a similar analysis for other theories such as models of status quo bias, magical thinking, inequity aversion, and fairness; and find that these theories make either invalidated or looser predictions.en_US
dc.description.sponsorshipTÜBİTAK
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relationinfo:turkey/grantAgreement/TUBITAK/113K370
dc.relation.ispartofJournal of Economic Behavior & Organization
dc.rightsrestrictedAccess
dc.titleCostly switching from a status quoen_US
dc.typeArticleen_US
dc.peerreviewedyesen_US
dc.publicationstatusPublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID(ORCID 0000-0002-8638-6295 & YÖK ID 158784) Güney, Begüm
dc.contributor.ozuauthorGüney, Begüm
dc.identifier.volume156en_US
dc.identifier.startpage55en_US
dc.identifier.endpage70en_US
dc.identifier.wosWOS:000454371600005
dc.identifier.doi10.1016/j.jebo.2018.08.017en_US
dc.subject.keywordsChoiceen_US
dc.subject.keywordsSwitching costen_US
dc.subject.keywordsStatus quo biasen_US
dc.subject.keywordsReference effecten_US
dc.subject.keywordsPrisoner’s dilemmaen_US
dc.subject.keywordsCooperationen_US
dc.identifier.scopusSCOPUS:2-s2.0-85055478614
dc.contributor.authorFemale1
dc.relation.publicationcategoryArticle - International Refereed Journal - Institution Academic Staff


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